Trading What I see !?

[goat68]

Another good day, I'm now back in profit for the week:
8 wins : AVG £1.32
3 losses : AVG -£0.54
Net : +£8.91
Return : +5.8%

Used a profile for what markets I would trade, which worked well.
Hard work, and some scary moments when the volume ramped up around 3 mins.
Pleased again with today.

[Dallas]

Another good day, I'm now back in profit for the week:
8 wins : AVG £1.32
3 losses : AVG -£0.54
Net : +£8.91
Return : +5.8%

Used a profile for what markets I would trade, which worked well.
Hard work, and some scary moments when the volume ramped up around 3 mins.
Pleased again with today.

Good Stuff

[ruthlessimon]

The problem with learning to trade using subjectivity...

omg a post from shaun explaining the issues of subjective trading.... Blaspheme

Nice article: https://corporatefinanceinstitute.com/r ... e-trading/

[goat68]

The problem with learning to trade using subjectivity...

omg a post from shaun explaining the issues of subjective trading.... Blaspheme

Nice article: https://corporatefinanceinstitute.com/r ... e-trading/

Great article

[ShaunWhite]

The problem with learning to trade using subjectivity...

omg a post from shaun explaining the issues of subjective trading.... Blaspheme

And the other problem is that pure objectivity is just as hard too. Aside from the analysis it requires, you need to execute without your decision being coloured by any sort of personal opinion.

‘to be objective is to aspire to knowledge that bears no trace of the knower—knowledge unmarked by prejudice or skill, fantasy or judgment, wishing or striving’

Finding the right balance of both is tricky to say the least. There's no wonder trading is difficult, before you learn to trade you have to learn the best way to learn it. Learning how to learn is something a top notch education gives you, but unfortunately not many people have one of those.

[goat68]

A reasonable day:
13 wins : AVG +£1.34
7 losses : AVG -£1.55
Net: +£6.59

Got off to a bad start, first race got taken out for large loss by one of those huge bets, but recovered well in the following races.
Bearing in mind what was said about objective v subjective on here yesterday, I am following a subjective plan which feels scary at times, do I have an edge or am I just on the lucky streak up part of the curve the last 3 days...?! Only time will tell...

[Kai]

Numbers look pretty healthy last 2 days.

Probably better to have a proper look at them on a weekly basis instead of daily, at that early stage.

[goat68]

Numbers look pretty healthy last 2 days.

Probably better to have a proper look at them on a weekly basis instead of daily, at that early stage.

Yes, was about to say, I'm going to switch to weekly reporting from tomorrow, so I don't bore you all with my ups and downs!!

[Kai]

Numbers look pretty healthy last 2 days.

Probably better to have a proper look at them on a weekly basis instead of daily, at that early stage.

Yes, was about to say, I'm going to switch to weekly reporting from tomorrow, so I don't bore you all with my ups and downs!!

Don't think it bores people at all? On the contrary, the forum is very boring for the most part so daily reports are quite refreshing to see imho.

But you're right about ups and downs, it's not really about avoiding the ups and downs for your results but for your confidence levels, since a person can abandon an approach/strategy after a bad day, which doesn't make much sense.

At that stage it's not really about chasing results, it's more about creating a good routine and trading well whilst keeping things as simple as possible, and if you can do that the results should slowly follow along.

[ShaunWhite]

Don't think it bores people at all?

mmm, are you sure about that

kidding aside, post what you like goat. As long as it's all legal, decent, honest and truthful then being accountable to someone other than yourself can really help. The best thing for keeping you on-point is showing someoone else your results at the end of the day and explaining them.

[Kai]

Don't think it bores people at all?

mmm, are you sure about that

Yes, there is nothing boring about a goat aspiring to be a trader.

[goat68]

Don't think it bores people at all?

mmm, are you sure about that

kidding aside, post what you like goat. As long as it's all legal, decent, honest and truthful then being accountable to someone other than yourself can really help. The best thing for keeping you on-point is showing someoone else your results at the end of the day and explaining them.

This forum needs a thumbs up, "like" button...?
Can't see one anywhere....?

[smallplayer]

This thread seems best place to post my question. I am seeing the term counter intuitive being used both here and elsewhere on the forum. Obviously since I understand its meaning and importance whilst trading I am trying to apply it in my trading more. It seems to me that some races are better suited to applying "trading what i see", whilst some races are better suited to this counter intuitive thinking approach? Some basic examples would be, for a strong down trending favorite, then "trading what I see" would be maybe the best approach, lump on at good entry and ride the downswing. While in the case of a competitive handicap, where a horse is ranging up and down, then a "counter intuitive" approach would suit better, trying to anticipate where odds will turn.
To get to the point of my question, I am wondering if the experienced traders here reckon that counter intuitive trades are more profitable and less risky than "trading what I see" trades, or the other way about.
A few further examples to clarify..if I seen money coming for a fav and I jumped in front of the momentum, then I would call this, "trading what I see". And if i seen a fav coming in to a crossover and thought it may reverse there, then I would queue lays and I would call this counter intuitive.
Peter has often said on his videos, that his favorite trades are getting on reversals, and obviously they are counter intuitive trades. I am wondering if some traders just take certain types of trades like counter intuitive trades only or are both types necessary to do well at manual trading? And obviously if one type is their favorite, is that because it is more profitable or maybe less stressful.
The reason I am asking this question is that up until recently I nearly always traded counter intuitively queuing for reversals, etc, but obviously I knew I was missing an important piece of the puzzle. So I have introduced more "trading what I see" type trades, like jumping ahead of the momentum. Unfortunately this is causing me all sorts of problems with its newness. Not enough to cause me to lose, but it has affected my small steady profits somewhat.
I hope this all makes sense when reading it and thanks in advance for any opinions.

[goat68]

This thread seems best place to post my question. I am seeing the term counter intuitive being used both here and elsewhere on the forum. Obviously since I understand its meaning and importance whilst trading I am trying to apply it in my trading more. It seems to me that some races are better suited to applying "trading what i see", whilst some races are better suited to this counter intuitive thinking approach? Some basic examples would be, for a strong down trending favorite, then "trading what I see" would be maybe the best approach, lump on at good entry and ride the downswing. While in the case of a competitive handicap, where a horse is ranging up and down, then a "counter intuitive" approach would suit better, trying to anticipate where odds will turn.
To get to the point of my question, I am wondering if the experienced traders here reckon that counter intuitive trades are more profitable and less risky than "trading what I see" trades, or the other way about.
A few further examples to clarify..if I seen money coming for a fav and I jumped in front of the momentum, then I would call this, "trading what I see". And if i seen a fav coming in to a crossover and thought it may reverse there, then I would queue lays and I would call this counter intuitive.
Peter has often said on his videos, that his favorite trades are getting on reversals, and obviously they are counter intuitive trades. I am wondering if some traders just take certain types of trades like counter intuitive trades only or are both types necessary to do well at manual trading? And obviously if one type is their favorite, is that because it is more profitable or maybe less stressful.
The reason I am asking this question is that up until recently I nearly always traded counter intuitively queuing for reversals, etc, but obviously I knew I was missing an important piece of the puzzle. So I have introduced more "trading what I see" type trades, like jumping ahead of the momentum. Unfortunately this is causing me all sorts of problems with its newness. Not enough to cause me to lose, but it has affected my small steady profits somewhat.
I hope this all makes sense when reading it and thanks in advance for any opinions.

I must admit I'm not exactly sure what Peter means by counter intuitive, as to a given person trading a reversal at the bottom of a range at a crossover is probably intuitive. It's all relative to what you think is intuitive!?

[Jukebox]

I must admit I'm not exactly sure what Peter means by counter intuitive....

I've often pondered that the man who created Bet Angel as his trading tool, and gave consideration to the creation and placement of every tab, function, button, font, colour, feel and goodness knows how many other things subsequently went on to use it in the reverse set up to the default.