goat68 wrote: ↑Wed Mar 03, 2021 1:53 pmGetting worse 14% wins now
So obviously this is not working, it does imply, and agrees with what someone told me, that all the price movements are random. So having a +3/-3 profit/loss, will be -ev, in fact anything will be -ev with commission.
It comes back to value, and I can't see how you can judge value other than via fundamentals (form, pace, runners, course,..), and someone told me on Slack that fundamentals is very advanced to be successful at. But how can you gain any value edge any other way? price movements are random, so you will never make any money...
This thread reminds me of Groundhog Day
You seem intent on making the same mistake over and over again. You've been told many times that 3 tick stop losses just don't work and will stop you out before your position can move into profit. You've also been advised to stop jumping from one strategy to another but there seems to be a new one every few days.
To be honest I wouldn't even bother responding to your posts as I find them generally very negative and self defeating but I make an exception for this one just because of how you signed off
I take umbrage with this and I find it insulting to me personally and anybody who sits in front of a screen all day trading sports. What the hell do you think we're all doing, throwing darts and hoping one of them sticks? Price movements are not all random, a move on one horse leads to a move on another and if you bothered to take the advice you were given early on and just watch the markets you would see that.
I see two big problems with your approach, that you keep using narrow stop losses tells me that you're extremely risk averse which is a big problem in itself and the fact you're taking advice from somebody on slack who probably thinks a ladder is something you use when washing your windows speaks volumes. There is tons and tons of advice on this forum alone if only you were open to listening and also tons of videos and other resources to tap into.
I said very early on this thread that you seemed to be somebody who was looking for a shortcut and that's fine, that's how I started out but I realised very quickly that there was a lot of work involved and hundreds of hours watching markets required to get any kind of handle on what was going on. If you're not willing to do that you should probably stop wasting your time.
Good luck