Hey all,
So my first question is on scalping non-volatile markets. I've watched a few videos and seen that they place entry/exit bets to the outside of where the money sits so I know they put them here to be at the front of the queue. However, just as an example, they placed 3 lay bets at certain odds with differing amounts (say £100 at 3.9, £200 at 3.8 and £200 at 3.7) and then 5 back bets all at £100 at 4.5, 4.6, 4.7, 4.8, and 4.9. Assume the current price is 4.2.
Is this because they aren't sure which way the trade would go but they are aiming to trade the bounce back so for example, if the runner steams to 3.9, they will quickly place a back bet at 4.0 for £100 or if the runner steams to 3.8 then they would quickly place a back bet at £300 at 4 hoping for the price to bounce back and vice versa if the runner drifts?
Also, what is best for staking when scalping or swing trading? Using a fixed stake or using a tick profit stake? I currently have mine set to £0.2 tick profit then I use a certain amount of units depending on confidence.
Cheers.
Question on scalping and staking
Non-volatile high liquidity markets where the prices are quite static. Tend to bounce up and down and then steam or drift a few ticks before bouncing up and down again. The line on the betfair graph tends to be almost horizontal and bumpy rather than all over the place. I swing trade volatile markets where the price will move up or down quickly when something occurs such as another runner receiving a large bet or the horse looking uncomfortable on the way to the post, etc.
If you're talking about a trap trade where you don't have to know the direction of the odds watch this video
https://www.youtube.com/watch?v=4Hm2PpuoXDU
Then have a play with this servant
viewtopic.php?t=18732
https://www.youtube.com/watch?v=4Hm2PpuoXDU
Then have a play with this servant
viewtopic.php?t=18732
I think scalping overall is less about the mechanics of it and more about finding the right market for it, and right period and price range too
On the right market any scalping or market making approach can work well, it's certainly possible to pick up more ticks than you would on a big swing
Regarding stakes you ideally stake whatever stake size doesn't cause an anxiety attack when it goes wrong
On the right market any scalping or market making approach can work well, it's certainly possible to pick up more ticks than you would on a big swing
Regarding stakes you ideally stake whatever stake size doesn't cause an anxiety attack when it goes wrong