Trading What I see !?

[speedyhamster]

what has programming got to do with being a profitable trader?
if you are on about collecting data that is a different matter

All the big players are automated.

This poster also said manual trading is a mugs game not long ago which is nonsense on stilts.

i agree, how many bots are there that the only purpose is to place orders in the market at 2 and 3 ticks above or bellow to try and manipulate WOM and pull the orders out of the market? i would guess a few try this that have money

[goat68]

This weeks current bot scatter chart, as you can see higher strike rate, but smaller take profit order offset, and obvious no stop loss!:

Stats2.jpg

Profit: -£6.45
StrikeRate: 63%
Win/Loss: 0.44

[goat68]

I just need to shift all these dots right a bit!!

[MAGTRADEUK]

I re-worked my bot a bit last night, trying some different variables..
Was going well by mid afternoon was +£2 up, but then it lost 7 in a row... frustrating but expected I guess!
PnL1.jpg

Maybe you need to break yoru bot out, NH and flat, the same bot may not operate the same given different rules of race ??

[rik]

All the big players are automated.

what is a big player in terms of income / year?

if i had to estimate id say 80-90 of the top100 accounts are either fully or mostly automated but i know of a few exceptions.

[Derek27]

All the big players are automated.

what is a big player in terms of income / year?

if i had to estimate id say 80-90 of the top100 accounts are either fully or mostly automated but i know of a few exceptions.

He means traders over 25 stone. They automate their trading so they don't need to get off their couch all day.

[rik]

I re-worked my bot a bit last night, trying some different variables..
Was going well by mid afternoon was +£2 up, but then it lost 7 in a row... frustrating but expected I guess!
PnL1.jpg

do you know your win/loss ratio?

strike rate for the most part is irrelevant as its dependent on average win/loss

maybe you won 110 and lost 100 in a time period so youd have an edge of 10%, its not important if you lost 10 in a row at some point.

then if you can filter by certain days or times, race types, sports, price ranges etc to better understand where you are leaking. but be careful not to draw conclusions too soon because of a few mornings have been better than afternoons etc

on the other hand if your -20% over 10k races and relatively level staking thats obviously nothing to do with variance

[ShaunWhite]

I would disagree with Shaun on the langauage, it has to be python

You kids with your new fangled languages. Gotta be honest, for me Python felt a leap too far because I don't learn things as fast as I used to.

[Derek27]

I would disagree with Shaun on the langauage, it has to be python

You kids with your new fangled languages. Gotta be honest, for me Python felt a leap too far because I don't learn things as fast as I used to.

The reason we don't learn as fast as kids, it's not because our brains are getting slower but because we have to do our own housework, cooking, make a living, etc. and have less time and enthusiasm for it. I remember buying my first video recorder when I was 16 (£560!) and spending a whole day reading the manual and making sure I knew how to use every single feature whether I needed it or not. Nowadays, you buy a TV set and get infuriated if it's even necessary to look at the manual to get it working.

I'm pretty sure I could learn any language in a week if taking a week off trading didn't bother me.

[ShaunWhite]

All the big players are automated.

what is a big player in terms of income / year?

if i had to estimate id say 80-90 of the top100 accounts are either fully or mostly automated but i know of a few exceptions.

He means traders over 25 stone. They automate their trading so they don't need to get off their couch all day.

It's the manual guys who are welded to their chairs.

rik's numbers look believable. One person can only earn one wage, a rack of servers running multiple strategies on everything 247365 doesn't need to be making much from each trade to do quite well.

[ShaunWhite]

I'm pretty sure I could learn any language in a week if taking a week off trading didn't bother me.

It's not programming obv but 'we' decided to learn Spanish during the lockdown, Mrs is a natural but I'm hopeless. Then again I've been mainly watching reggeaton videos hoping to just absorb it, like people who learn English by listening to the World Service. Not especially recommended tbh, but I am sorted if I ever need to tell someone what a bad bad girl I am and how i want to make their bedsprings squeak Not the handiest phrase I've ever learnt admittedly but there aren't many latin music videos about asking the way to the nearest cash machine.
https://www.youtube.com/watch?v=8-mloCL49vs

...sorry for the thread hijack... back to the trading.

[Derek27]

I'm pretty sure I could learn any language in a week if taking a week off trading didn't bother me.

It's not programming obv but 'we' decided to learn Spanish during the lockdown, Mrs is a natural but I'm hopeless. Then again I've been mainly watching reggeaton videos hoping to just absorb it, like people who learn English by listening to the World Service. Not especially recommended tbh, but I am sorted if I ever need to tell someone what a bad bad girl I am and how i want to make their bedsprings squeak Not the handiest phrase I've ever learnt admittedly but there aren't many latin music videos about asking the way to the nearest cash machine.
https://www.youtube.com/watch?v=8-mloCL49vs

...sorry for the thread hijack... back to the trading.

Before I went to Spain I borrowed Spanish speaking material from a mate; a book and accompanying audio. I was all enthusiastic about learning a new language and impressing girls by demonstrating that I've taken the trouble to learn Spanish, even if I can't speak it fluently. When I looked at the first page of the book I realised it's not as straight forward as I thought and just put it aside until I no longer had time to learn it.

[LinusP]

All the big players are automated.

what is a big player in terms of income / year?

if i had to estimate id say 80-90 of the top100 accounts are either fully or mostly automated but i know of a few exceptions.

At least be aiming for 7 figures.

[Derek27]

All the big players are automated.

what is a big player in terms of income / year?

if i had to estimate id say 80-90 of the top100 accounts are either fully or mostly automated but i know of a few exceptions.

At least be aiming for 7 figures.

Aiming???

[rik]

All the big players are automated.

what is a big player in terms of income / year?

if i had to estimate id say 80-90 of the top100 accounts are either fully or mostly automated but i know of a few exceptions.

At least be aiming for 7 figures.

are you?
how many accounts average more than a million a year post commission?