Trading What I see !?

[firlandsfarm]

the Portuguese for example are equally obsessed with the inplay racing market, haven't run into a single prerace trader.

Ahhh, excitable continentals!

[Kai]

the Portuguese for example are equally obsessed with the inplay racing market, haven't run into a single prerace trader.

Ahhh, excitable continentals!

Wish I was joking! But, alas, I only speaketh the sad truth, because there is nothing more powerful.

Obviously, those gifs are not actually true and you could go to great length in breaking down these various misconceptions, but where's the fun in that!

While other sports hardly get a mention, like cricket or tennis. Does this mean that tennis trading is dead? Of corpse not! There's the occasional grand slam that is pretty tradable, providing there's not much covid or rain about.

My point being, ideally every trader should have an objective unbiased look at every tradable market, before fully committing.

[Euler]

I have a general theory about why some sports and styles are popular.

If you take in-play racing for example, you can trade it and it looks like you are making money, but ultimately all races are result dependant to an extent.

I know loads of 'real' inplay traders but most of the stuff you see being touted it's simply a high strike rate trading / gambling varient, there is no underlying logic. But people flock to them like lambs to the slaughter. The same thing happens on football.

I know exactly how Psychoff and Paulo et al trade as I have been with them on their respective journeys right from the start. But, generally speaking, people latch onto a general strategy blindly led by somebody who is trying to mimic or guess what somebody is doing. Or they want to flog some advice so give people a high strike rate strategy, knowing full well it won't profit longer term. But it will just enough to make people feel like they have found something.

I'd say the prevalence of this now is higher than I have ever seen since I started 20 years ago.

It's really hard to find 'real' traders, which is why I appreciate being able to chat to them on this forum. Newbies may find some of the comments here a little harsh, but that's the reality of actually trading for real.

[Trader Pat]

The old 'lay 0-0 and become a millionaire'

[towelfox]

I said a similar thing on one of the other high profile traders YouTube videos yesterday. There is a lot of in play stuff that is nothing but gambling (with maybe some at value).

I feel like it's linked to gambling affiliates and 'tipsters'. I'd suggest that anyone trying to onboard clients to a bookmaker or exchange via affiliate links is not hoping for long-term winners and perhaps doesn't have their audience' best interest at heart.

[Euler]

More or less real trading has been hijacked by people who make money by doing anything other than trading, so it must be really confusing for a newbie. Swamped with advice, most of which doesn't have any real applicability to the market.

[Kai]

I hear what you guys are saying and do agree that people should use their head more, although literally everyone can easily form various misconceptions, don't think anyone is immune to that for one reason or another. I know I did, my perspective and opinions would be pretty narrow without any networking.

Honestly wish I could comment but I have no idea what sort of stuff the British non-traders are pushing, in terms of inplay racing in particular, nobody at all has even popped up on my radar, the few people I talked to still seem to think that it's all about race reading or speed and nothing about order flow.

But I have a pretty good imagination so I can imagine what sort of stuff they'd be selling And yeah, pushing very high strike rate approaches would be common sense for sure, since that means people stay subscribed to that crap for longer, wouldn't really work if it was the other way around as people would conclude "it's all shit" much sooner than normal.

[Morbius]

I have a general theory about why some sports and styles are popular.

If you take in-play racing for example, you can trade it and it looks like you are making money, but ultimately all races are result dependant to an extent.

I know loads of 'real' inplay traders but most of the stuff you see being touted it's simply a high strike rate trading / gambling varient, there is no underlying logic. But people flock to them like lambs to the slaughter. The same thing happens on football.

I know exactly how Psychoff and Paulo et al trade as I have been with them on their respective journeys right from the start. But, generally speaking, people latch onto a general strategy blindly led by somebody who is trying to mimic or guess what somebody is doing. Or they want to flog some advice so give people a high strike rate strategy, knowing full well it won't profit longer term. But it will just enough to make people feel like they have found something.

I'd say the prevalence of this now is higher than I have ever seen since I started 20 years ago.

It's really hard to find 'real' traders, which is why I appreciate being able to chat to them on this forum. Newbies may find some of the comments here a little harsh, but that's the reality of actually trading for real.

I don't know what you think Peter but I think one of the problems as to why you don't see "real traders" is because people simply will not put the desired work in to become one. Many believe that the markets can be approached with a approach that looks and smells and actually IS gimmicky but as long as their work is minimal they buy into it.

This just feeds an entire industry with a conflict of interest to exploit it. One of the things that I liked about your vidoes on YT was that you never sold the "dream" without hard work line. At the end of the day, trading isn't like card counting where you learn a simple ABC system and replicate it like a times table. I think many of the trading skills whether you are on an exchange or in a financial market should be transferable and if you can't do that then you are probably going down the gimmick route.

[Morbius]

More or less real trading has been hijacked by people who make money by doing anything other than trading, so it must be really confusing for a newbie. Swamped with advice, most of which doesn't have any real applicability to the market.

+1

Unless you go in the right direction very early, it can take a long time to wade through the crap because there is just so much of it and because selling trading is often more lucrative than actually doing it for the reasons mentioned in the last post then its a chicken and egg situation isn't it. Greedy idle people will always be targets for charlatans. But if greed and idleness was good then what a bad world we would live in......oh I forgot ...Gordon Gekko said "greed is good" but he meant it in a different sense.

[spreadbetting]

...I think many of the trading skills whether you are on an exchange or in a financial market should be transferable and if you can't do that then you are probably going down the gimmick route.

I must be down the gimmick route as I can't see the techniques I use to win money on the exchanges being any use on the financial markets. The fact exchange markets are based around a 100% book makes life so much easier. If only they had the liquidity of the financials I'm sure we'd all be so much happier.

[Morbius]

...I think many of the trading skills whether you are on an exchange or in a financial market should be transferable and if you can't do that then you are probably going down the gimmick route.

I must be down the gimmick route as I can't see the techniques I use to win money on the exchanges being any use on the financial markets. The fact exchange markets are based around a 100% book makes life so much easier. If only they had the liquidity of the financials I'm sure we'd all be so much happier.

I doubt that you are gimmicky if you have a long term proven edge, more likely that your knowledge of financial trading isn't at a level where you can spot the similarities in concepts and philosophy without having to juxtapose in some way. Sometimes the "connections" can seem pretty abstract

[Morbius]

...I think many of the trading skills whether you are on an exchange or in a financial market should be transferable and if you can't do that then you are probably going down the gimmick route.

I must be down the gimmick route as I can't see the techniques I use to win money on the exchanges being any use on the financial markets. The fact exchange markets are based around a 100% book makes life so much easier. If only they had the liquidity of the financials I'm sure we'd all be so much happier.

And the 100% books does make life so much easier because it creates tight correlation...there you go....gave you a big clue already

[Korattt]

helped me out by mapping out a few flow charts, now where have I heard that before.. WIGTSTF?, a few of us on here will know what I’m banging on about with that

[auto-matt]

helped me out by mapping out a few flow charts, now where have I heard that before.. WIGTSTF?, a few of us on here will know what I’m banging on about with that

[spreadbetting]

...I think many of the trading skills whether you are on an exchange or in a financial market should be transferable and if you can't do that then you are probably going down the gimmick route.

I must be down the gimmick route as I can't see the techniques I use to win money on the exchanges being any use on the financial markets. The fact exchange markets are based around a 100% book makes life so much easier. If only they had the liquidity of the financials I'm sure we'd all be so much happier.

And the 100% books does make life so much easier because it creates tight correlation...there you go....gave you a big clue already

Thanks for the clue, ever considered running a course?