Hi all,
just in case anybody is interested, I thought I'd mention how I've gotten around watching those pesky short-priced favourites vanishing into the distance with chunks of my tiny bank.
I've taken to laying the second or third favourite. If they drift, I find that it is relatively easy to make 25% of stake (when "greened up") if they don't, I break even, or trade to a small loss but don't spread the liability, since they rarely win. Of course the amount of money about means that this is no good to the "big hitters", but there again they'll be making far more on the favourite anyway.
Cheers, P.
Revisiting "Is Advice From Losing Traders Of Any Value?"
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lilgreenback
- Posts: 211
- Joined: Thu Apr 16, 2009 11:28 am
Hi There,
That's interesting thanks for the tip. Been trading either the second or 3rd Fav as it is not so frenetic at times which helps as you have a little more time to react to what is happening. I don't tend to have much faith in my-self on the Fav especially when you get to 5 mins before the off.
Though seeing the movement in the markets it is often easier to get matched. Though the stakes I use it is not a problem mostly.
Stay Lucky
LilGB
That's interesting thanks for the tip. Been trading either the second or 3rd Fav as it is not so frenetic at times which helps as you have a little more time to react to what is happening. I don't tend to have much faith in my-self on the Fav especially when you get to 5 mins before the off.
Though seeing the movement in the markets it is often easier to get matched. Though the stakes I use it is not a problem mostly.
Stay Lucky
LilGB