Cheltenham Festival 2021

[Coffeenoir]

Amazingly, I've lost every single market today. Think it's time to call it a day there.

[Euler]

Amazingly, I've lost every single market today. Think it's time to call it a day there.

First time at Cheltenham?

[Coffeenoir]

Amazingly, I've lost every single market today. Think it's time to call it a day there.

First time at Cheltenham?

Unfortunately, no. This is technically my third Cheltenham, although back in 2019 I had only just started trading. I guess Cheltenham just doesn't fit my trading style. Can't seem to figure these type of markets out.

[TLindeth]

My first Cheltenham and the first poor day I've had in a while. Can't wait to go back through the data this evening to see where this has all gone pear shaped I guess I'm not used to the "flow" of these markets.

[plasteredric]

First Cheltenham
Just a small profit on that one
couple of scratched trades in there too

Capture.PNG

[peachflame]

Amazingly, I've lost every single market today. Think it's time to call it a day there.

Same here, last race was first in the green today, the slow price movement is so unnerving.

[plasteredric]

any pointers for the next? cant decide what im looking at

[Coffeenoir]

Amazingly, I've lost every single market today. Think it's time to call it a day there.

Same here, last race was first in the green today, the slow price movement is so unnerving.

I totally agree there. Makes the markets very hard to read. From my perspective, as soon as a price moves a little in one direction, a massive stake (usually 9k) comes onto the ladder and stops it moving any further. Whenever I'm in an open trade I just feel confused about what the hell is going on lol Is it just me, or is the level of spoofing unreal in these markets?

[Euler]

any pointers for the next? cant decide what im looking at

Just trying pinging some orders in and letting them fill. OK it's not scientific, but it will allow you to see the market a bit clearer and how it's bouncing around.

[James9187]

Yeah that's what I just did on Houx Gris and ripped straight through me. I've been on the wrong side of all major moves today while scalping too.

[MAGTRADEUK]

Amazingly, I've lost every single market today. Think it's time to call it a day there.

Same here, last race was first in the green today, the slow price movement is so unnerving.

I totally agree there. Makes the markets very hard to read. From my perspective, as soon as a price moves a little in one direction, a massive stake (usually 9k) comes onto the ladder and stops it moving any further. Whenever I'm in an open trade I just feel confused about what the hell is going on lol Is it just me, or is the level of spoofing unreal in these markets?

Tend to agree
Completely different type of trading plan/style required, educational to watch these markets though and gain for future reference.

[plasteredric]

any pointers for the next? cant decide what im looking at

Just trying pinging some orders in and letting them fill. OK it's not scientific, but it will allow you to see the market a bit clearer and how it's bouncing around.

Put an order in to back Saint Sam at 7.0 at the top of its traded range but bottled it and was also anticipating Busselton to see some backing but an email distracted me and I missed it.

[peachflame]

Amazingly, I've lost every single market today. Think it's time to call it a day there.

Same here, last race was first in the green today, the slow price movement is so unnerving.

I totally agree there. Makes the markets very hard to read. From my perspective, as soon as a price moves a little in one direction, a massive stake (usually 9k) comes onto the ladder and stops it moving any further. Whenever I'm in an open trade I just feel confused about what the hell is going on lol Is it just me, or is the level of spoofing unreal in these markets?

Patience definitely required, the price will often come back after it moves against you.

[Euler]

The market moves in blocks of time. So if you try to do the same thing in different periods you will get different results. 30 minutes to 10 will feel different as 10 to 5 and 5 to post time will be mental. So pick a period to trade.

[RoystonVasey]

I always seem to have a headache at the end of the day when trading Cheltenham, watching the matched amounts like a hawk for hours on end/ bigger stakes no doubt is the cause. Any tips on relaxing a bit more?