When you say back side do you mean the conventional back side or with colours switched.....ie...did you back and it pinged out....just trying to clear any confusion lol
Trading What I see !?
No not even that Really, there was a little bit, but just a day of bad choices, as usual the ones that i seemed to get right are about the 1.5/1.8 price, the wrong ones between 5.0 and 7.0, and 5 ticks profit is not too much at 1.5, instead of 5 ticks loss at 6.6
i wont even say i got them right or wrong, think its basically just random for me still
thats the most frustrating thing, im not bothered about the money or the losses as i see it as paying for training, and 6 months down the line i feel like i know so much more than i did at the start, but i clearly dont as nothing changes
c'est la vie
Bubace wrote: ↑Tue Nov 03, 2020 3:54 pmNo not even that Really, there was a little bit, but just a day of bad choices, as usual the ones that i seemed to get right are about the 1.5/1.8 price, the wrong ones between 5.0 and 7.0, and 5 ticks profit is not too much at 1.5, instead of 5 ticks loss at 6.6
i wont even say i got them right or wrong, think its basically just random for me still
thats the most frustrating thing, im not bothered about the money or the losses as i see it as paying for training, and 6 months down the line i feel like i know so much more than i did at the start, but i clearly dont as nothing changes
c'est la vie
Experience is intellectual property so don't devalue it because it has value. Many investment banks value people with actual trading experience even if they lost because they have learned a lot of what not to do. You probably won't even notice the transformation from where you were at the outset to where you are now but the latest version of yourself will be vastly superior to where you began.
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smallplayer
- Posts: 120
- Joined: Wed Aug 17, 2016 8:30 am
One day of 3 tick SL is not enough Goat..give it a chance at least..Korattt has told you already he takes max 4 ticks, except for unusual circumstances, and i myself take max 4..its been working for me for quite a while now. It's just one day..on another day you would go 20 wins straight with 3 tick SL. Also, as i have said in previous posts, you need to watch quite a few of Peter's video's to see him take more than a 3/4 tick SL. In fact, I can only think of one.
i do think i understand a bit more,Morbius wrote: ↑Tue Nov 03, 2020 4:06 pmBubace wrote: ↑Tue Nov 03, 2020 3:54 pmNo not even that Really, there was a little bit, but just a day of bad choices, as usual the ones that i seemed to get right are about the 1.5/1.8 price, the wrong ones between 5.0 and 7.0, and 5 ticks profit is not too much at 1.5, instead of 5 ticks loss at 6.6
i wont even say i got them right or wrong, think its basically just random for me still
thats the most frustrating thing, im not bothered about the money or the losses as i see it as paying for training, and 6 months down the line i feel like i know so much more than i did at the start, but i clearly dont as nothing changes
c'est la vie
Experience is intellectual property so don't devalue it because it has value. Many investment banks value people with actual trading experience even if they lost because they have learned a lot of what not to do. You probably won't even notice the transformation from where you were at the outset to where you are now but the latest version of yourself will be vastly superior to where you began.
Just a little sign that i do would be nice
, ive read before that you need to be involved in at least 10,000 markets before you can get a handle on it, a quick check shows ive only done just under 3,000, so some ways to go yet-
Trader Pat
- Posts: 4327
- Joined: Tue Oct 25, 2016 12:50 pm
You should be framing your trades on the traded range of the runner you're trading. And on what the prices of other runners in the market are doing.
Most serious traders don't use stop losses.
Most serious traders don't use stop losses.
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smallplayer
- Posts: 120
- Joined: Wed Aug 17, 2016 8:30 am
Hope you are in for the long haul Bubace. I am on 8.3k to date and I can tell you, its a slooowwww journey!Bubace wrote: ↑Tue Nov 03, 2020 4:29 pmi do think i understand a bit more,Morbius wrote: ↑Tue Nov 03, 2020 4:06 pmBubace wrote: ↑Tue Nov 03, 2020 3:54 pm
No not even that Really, there was a little bit, but just a day of bad choices, as usual the ones that i seemed to get right are about the 1.5/1.8 price, the wrong ones between 5.0 and 7.0, and 5 ticks profit is not too much at 1.5, instead of 5 ticks loss at 6.6
i wont even say i got them right or wrong, think its basically just random for me still
thats the most frustrating thing, im not bothered about the money or the losses as i see it as paying for training, and 6 months down the line i feel like i know so much more than i did at the start, but i clearly dont as nothing changes
c'est la vie
Experience is intellectual property so don't devalue it because it has value. Many investment banks value people with actual trading experience even if they lost because they have learned a lot of what not to do. You probably won't even notice the transformation from where you were at the outset to where you are now but the latest version of yourself will be vastly superior to where you began.
Just a little sign that i do would be nice
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smallplayer
- Posts: 120
- Joined: Wed Aug 17, 2016 8:30 am
i believe you are completely correct Pat and some day, when I am good enough, I hope to be able to do away with my static 4 tick SL but until I am ready to trust myself completely, I need my exit in stone. I have only traded 8.3k races which is pretty much nothing I feel.Trader Pat wrote: ↑Tue Nov 03, 2020 4:31 pmYou should be framing your trades on the traded range of the runner you're trading. And on what the prices of other runners in the market are doing.
Most serious traders don't use stop losses.
As Sb said earlier, it is those big reds that kill new traders.
Btw, I personally don't use the automated SL thingy, as those spikes trigger them too much..its more a "get out here" manual thing.
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Trader Pat
- Posts: 4327
- Joined: Tue Oct 25, 2016 12:50 pm
Problem with using stop losses is they can just add to your frustration. On days like today where there are lots of volatile markets there's a good chance that even when you're right, you'll get stopped out and then have to watch the price go where you thought it would go in the first place.smallplayer wrote: ↑Tue Nov 03, 2020 4:41 pmi believe you are completely correct Pat and some day, when I am good enough, I hope to be able to do away with my static 4 tick SL but until I am ready to trust myself completely, I need my exit in stone. I have only traded 8.3k races which is pretty much nothing I feel.Trader Pat wrote: ↑Tue Nov 03, 2020 4:31 pmYou should be framing your trades on the traded range of the runner you're trading. And on what the prices of other runners in the market are doing.
Most serious traders don't use stop losses.