Trading What I see !?

[Trader Pat]

This is what is so frustrating, a good run of wins and then give it all back on one wrong trade. I backed at 5.9, got out at 8.4 for a loss
It jumped straight past 6 to 6.8, I then evaluated other horses and they still pointed at it coming back in but it didn't I then waited for a pullback to trade out but it just shot out to 8s...

Price movement is so noisy and random, even if you pick the right direction you've got to give it room, and because of that noise you are very rarely going to enter at the best price, so going from say 5.9 out to 6.6 then back down to 5.3 for a profit would be quite normal... If you closed immediately it hit say 6.2 you'd kill most of your profit, also if you waited to enter at 6.2 most of the time you would never get a trade....

I'm seeing very little evidence that this game is a profitable one, I'm sort of taking all your words for it.....???

Damn we've been rumbled!

You guys make all your money through YouTube don't you? Com'on admit it?

I dont even have a youtube channel

[goat68]

Ok onto the next illogical trade......

[Trader Pat]

Ok onto the next illogical trade......

Hate to break it to you goat but you're not trading, you're gambling

[Korattt]

I'm seeing very little evidence that this game is a profitable one, I'm sort of taking all your words for it.....???

.. for every loser there’s a winner in this game

https://youtu.be/2QgD0mElPxc

[goat68]

Ok onto the next illogical trade......

Hate to break it to you goat but you're not trading, you're gambling

I thought it was called Subjective trading?

[Korattt]

Ok onto the next illogical trade......

Hate to break it to you goat but you're not trading, you're gambling

I thought it was called Subjective trading?

goaty, please don’t take this the wrong way but get away from your PC & gather your thoughts, every market isn’t the same, there are different people involved in different markets at different times exhibiting different behaviour, this takes time, I’m into my fifth year & even today I think I learned something new

[Trader Pat]

Ok onto the next illogical trade......

Hate to break it to you goat but you're not trading, you're gambling

I thought it was called Subjective trading?

If you're putting trades in the market with no understanding of what's going on and you're hoping the price goes your way then that's gambling

[to75ne]

I thought it was called Subjective trading?

no, its called lucking out.

[goat68]

Another nice winner thank you Roman Spinner

[Korattt]

I dont even have a youtube channel

now I’m confused

https://www.youtube.com/c/TraderPat

[Trader Pat]

I dont even have a youtube channel

now I’m confused

https://www.youtube.com/c/TraderPat

[Korattt]

Hate to break it to you goat but you're not trading, you're gambling

I thought it was called Subjective trading?

If you're putting trades in the market with no understanding of what's going on and you're hoping the price goes your way then that's gambling

+1

[goat68]

I thought it was called Subjective trading?

no, its called lucking out.

It's not totally random, I'm following Peter's philosophy based on his experiences with Academics and pro-punters who say that horse isn't going to do that there is absolutely no way it can win because....

[goat68]

If my logic is slightly better than random I will make profit yes?

[to75ne]

Another nice winner thank you Roman Spinner

what do you mean? race is not run yet.