Telegram community

[Euler]

Serious, honest, full-time traders are usually buried in markets or data. So the forum is a good place to hang out as they can dip in and out as required or wanted. There is plenty of really good stuff here from people who are really doing this on some scale. So I think that is why the forum has got busier and busier.

I understand the appeal of a group for newbies. But I don't think the serious traders wouldn't really want to get bogged down in it. It's hard enough as it is, without trying to explain a decision or inserting caveats to a comment.

I've been regularly leaked extremely negative comments from closed groups, so I don't think echo chambers are particularly useful, especially if run by people with an agenda. A completely independent group would work best if one was created.

[RalfusDawes]

Absolutely. If I personally knew any traders, I might connect with them in a private group, but it would be for the like-minded company rather than an alternative source of knowledge and advice available on forums like this.

[trad1ngbull]

A chat with selected people and tiny rules may be a good a idea. A public one? Everybody who is trading for some years know what happens and how it ends...

Serious, honest, full-time traders are usually buried in markets or data. So the forum is a good place to hang out as they can dip in and out as required or wanted. There is plenty of really good stuff here from people who are really doing this on some scale. So I think that is why the forum has got busier and busier.

I understand the appeal of a group for newbies. But I don't think the serious traders wouldn't really want to get bogged down in it. It's hard enough as it is, without trying to explain a decision or inserting caveats to a comment.

I've been regularly leaked extremely negative comments from closed groups, so I don't think echo chambers are particularly useful, especially if run by people with an agenda. A completely independent group would work best if one was created.

Another great thing about this forum is that it is asynchronous. You check it when you want or need to. You decide the pace of information consumption.

Real-time chats are strong enemies of concentration and productivity in a normal work, let alone live trading environments, what a great recipe to disaster for so many reasons.

As you said, most serious traders are focused when trading, not chatting.

There are exceptions, of course, but most of the time the market is enough to keep you busy and I doubt it's a good move to split your attention with anyone if the goal is to achieve and keep top performance.

I still feel the need to socialize and chat with people in the same mindset though as it is a lonely world if you can't speak to anyone about what you are doing.

Sometimes it's really lonely and mentally exhausting. For eg: trading Australian Open during all night for the last two weeks.

One tip to keep you balanced is to find a hobbie non-trading related with a good community supporting it. As species we need to interact, and it's important to find something that you care about and can keep you connected with other people.

I have mentioned to close friends and family that I have started "sports trading" and they laugh at me.

Forget it. Just keep going. Don't let what they say or think affect you, mainly when you lose, that's when doubt arises, with their talking heads appearing on your mind, right? Happened to everyone, I guess...

They don't know what they're talking about, but they will always act as if they did. Actually, they have no clue.

This is the reason that I suggested a hobbie outside of trading, because it's not easy to find people who can understand what trading for a living is. And mainly because when you're a full-time trader the last thing you need is to find yourself around people with the exact same work and interests.

[Kai]

I have mentioned to close friends and family that I have started "sports trading" and they laugh at me. This makes me more determined to succeed, yet I feel more lonely.

I was more cautious about that part, as I didn't want to add any more unnecessary pressure on myself, I only told them that I will try and give "day trading" a go since it was becoming a passion and I never really mentioned too many details, especially the part that I was actually trading sports markets. I guess I used the classic under-promise and over-deliver approach, so only after I had the results behind me was when I actually said I was trading sports(!) markets and at that point their reactions were surprisingly mild and positive. Obviously helped by the fact that Croatia is relatively cheap so was able to go full time right away within the first year.

Another great thing about this forum is that it is asynchronous. You check it when you want or need to. You decide the pace of information consumption.

Real-time chats are strong enemies of concentration and productivity in a normal work, let alone live trading environments, what a great recipe to disaster for so many reasons.

That's a very good point actually and I have to agree, being a part of a few very small trading groups with live chat was very time consuming for me, even though I'm a great multitasker I prefer to have a lot more freedom over my time.

There are exceptions, of course, but most of the time the market is enough to keep you busy and I doubt it's a good move to split your attention with anyone if the goal is to achieve and keep top performance.

Fully depends on trading approach, I'd imagine that the 100% botters would usually have more free time in general. Actually, for long period of time most of my trading was casually done in the background on my second screen with the whole bank spread out across multiple markets whilst I was semi-afk or doing something else like gaming with the boys, even though it was all manual as a textbook speculator the markets only really needed my full attention in the last hour. I guess that's the great thing about trading, you are free to build your own unique trading style and lifestyle if you want to.

[northbound]

One weird idea I have in my mind is as follows.

What if one created a Telegram channel and manufactured a move on a random horse. Perhaps in a Maiden race on an unraced horse that nobody really has a clue about.

Basically a sort of pump and dump like they did in crypto markets.

Do you reckon it would work on horse racing?

[Kai]

One weird idea I have in my mind is as follows.

What if one created a Telegram channel and manufactured a move on a random horse. Perhaps in a Maiden race on an unraced horse that nobody really has a clue about.

Basically a sort of pump and dump like they did in crypto markets.

Do you reckon it would work on horse racing?

Isn't that more or less what trading syndicates already do in most speculative markets?

[northbound]

One weird idea I have in my mind is as follows.

What if one created a Telegram channel and manufactured a move on a random horse. Perhaps in a Maiden race on an unraced horse that nobody really has a clue about.

Basically a sort of pump and dump like they did in crypto markets.

Do you reckon it would work on horse racing?

Isn't that more or less what trading syndicates already do in most speculative markets?

I have no idea and most probably the vast majority of unprofitable traders are in the same position as myself in that they don't have the right connections but would love to know in advance about market moves.

[Kai]

One weird idea I have in my mind is as follows.

What if one created a Telegram channel and manufactured a move on a random horse. Perhaps in a Maiden race on an unraced horse that nobody really has a clue about.

Basically a sort of pump and dump like they did in crypto markets.

Do you reckon it would work on horse racing?

Isn't that more or less what trading syndicates already do in most speculative markets?

I have no idea and most probably the vast majority of unprofitable traders are in the same position as myself in that they don't have the right connections but would love to know in advance about market moves.

But you could make an argument that those aren't really traders in the full sense of the word, more like manipulators instead. If Betfair is a bit of dark pool then anything goes really, spoofing, courtsiding, you name it, things that would be considered illegal on a proper exchange.

I for example have not done any spoofing on racing, a little bit inplay maybe, but on football markets on rare occasions I spoof in order to get a position filled quicker (just to try it out and out of boredom maybe), and it does work sometimes as WOM bots etc get fooled if they're present. But I think it's much easier to spoof against people instead, you can always test it (not the spoofing) with a few friends to see if you can generate a bit of genuine momentum on a weaker market and take it from there

[northbound]

you can always test it (not the spoofing) with a few friends to see if you can generate a bit of genuine momentum on a weaker market and take it from there

Food for thought

[Atho55]

There was a mention of Telegram in the early 70`s by a guy called Marc, not sure what it was called but Sam was the main man

[Satoshis]

A chat with selected people and tiny rules may be a good a idea. A public one? Everybody who is trading for some years know what happens and how it ends...

Serious, honest, full-time traders are usually buried in markets or data. So the forum is a good place to hang out as they can dip in and out as required or wanted. There is plenty of really good stuff here from people who are really doing this on some scale. So I think that is why the forum has got busier and busier.

I understand the appeal of a group for newbies. But I don't think the serious traders wouldn't really want to get bogged down in it. It's hard enough as it is, without trying to explain a decision or inserting caveats to a comment.

I've been regularly leaked extremely negative comments from closed groups, so I don't think echo chambers are particularly useful, especially if run by people with an agenda. A completely independent group would work best if one was created.

Another great thing about this forum is that it is asynchronous. You check it when you want or need to. You decide the pace of information consumption.

Real-time chats are strong enemies of concentration and productivity in a normal work, let alone live trading environments, what a great recipe to disaster for so many reasons.

As you said, most serious traders are focused when trading, not chatting.

There are exceptions, of course, but most of the time the market is enough to keep you busy and I doubt it's a good move to split your attention with anyone if the goal is to achieve and keep top performance.

I still feel the need to socialize and chat with people in the same mindset though as it is a lonely world if you can't speak to anyone about what you are doing.

Sometimes it's really lonely and mentally exhausting. For eg: trading Australian Open during all night for the last two weeks.

One tip to keep you balanced is to find a hobbie non-trading related with a good community supporting it. As species we need to interact, and it's important to find something that you care about and can keep you connected with other people.

I have mentioned to close friends and family that I have started "sports trading" and they laugh at me.

Forget it. Just keep going. Don't let what they say or think affect you, mainly when you lose, that's when doubt arises, with their talking heads appearing on your mind, right? Happened to everyone, I guess...

They don't know what they're talking about, but they will always act as if they did. Actually, they have no clue.

This is the reason that I suggested a hobbie outside of trading, because it's not easy to find people who can understand what trading for a living is. And mainly because when you're a full-time trader the last thing you need is to find yourself around people with the exact same work and interests.

Wise words my man. I really like this community!

[Satoshis]

Isn't that more or less what trading syndicates already do in most speculative markets?

I have no idea and most probably the vast majority of unprofitable traders are in the same position as myself in that they don't have the right connections but would love to know in advance about market moves.

But you could make an argument that those aren't really traders in the full sense of the word, more like manipulators instead. If Betfair is a bit of dark pool then anything goes really, spoofing, courtsiding, you name it, things that would be considered illegal on a proper exchange.

I for example have not done any spoofing on racing, a little bit inplay maybe, but on football markets on rare occasions I spoof in order to get a position filled quicker (just to try it out and out of boredom maybe), and it does work sometimes as WOM bots etc get fooled if they're present. But I think it's much easier to spoof against people instead, you can always test it (not the spoofing) with a few friends to see if you can generate a bit of genuine momentum on a weaker market and take it from there

You can spoof a little, but don't spoof too much. You might cause a flash crash. Ask Nav Sarao...

[trad1ngbull]

There are exceptions, of course, but most of the time the market is enough to keep you busy and I doubt it's a good move to split your attention with anyone if the goal is to achieve and keep top performance.

Fully depends on trading approach, I'd imagine that the 100% botters would usually have more free time in general. Actually, for long period of time most of my trading was casually done in the background on my second screen with the whole bank spread out across multiple markets whilst I was semi-afk or doing something else like gaming with the boys, even though it was all manual as a textbook speculator the markets only really needed my full attention in the last hour. I guess that's the great thing about trading, you are free to build your own unique trading style and lifestyle if you want to.

Oh, of course, Kai. I was talking about live football and tennis trading, for eg.

[ruthlessimon]

Real-time chats are strong enemies of concentration and productivity in a normal work, let alone live trading environments, what a great recipe to disaster for so many reasons.

As you said, most serious traders are focused when trading, not chatting.

I'd say it's impossible, albeit depends on the niche. & the person who dares to attempt it, is gonna be in for a world of frustration

In the context of a pre-off swing trader, if they call the trade early (which they could), it won't do them justice. But even if they called it perfectly (i.e. Peter etc genuinely called a swing live, "lay now"), in 1/2/5/10 seconds it's gonna be too late to enter. The market tends to be so fast on the good trades (especially atm)

[Kerisun]

It's a group chat that is on an application called Telegram.