Scalability

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mintoze
Posts: 5
Joined: Thu Oct 28, 2010 11:40 am

As a novice trader autostaking with £2 tick size, my £ stake is inevitably 'lost' in the queue waiting to be matched on runners in all high quality races and even for runners with odds over 4 in low quality races.
Some guidance please, do I take the current price rather than offer a price; do I ignore all high quality races and runners placed over 4 in low quality races; or do I ignore autostaking and increase my £ stake - by how much? even though this may contravene my bank size management.
Thanks for any help in advance.
hgodden
Posts: 1759
Joined: Thu Apr 16, 2009 2:13 pm

I guess really at this time you're just gathering experience of the markets, so really I wouldnt worry too much about stake size or how much you're actually making at this time. Just keep getting experience and(wisely) use the minimum stakes as you are. When the time comes that you know what you're doing and you know what suits YOU (noone else can answer how you should trade / what kind of stake sizes would suit you) then you'll be able to answer each of these questions perfectly yourself :)
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CaerMyrddin
Posts: 1271
Joined: Mon Sep 07, 2009 10:47 am

Sorry mate, but he's not using minimum stakes, the £2 refer to the tick size ;)
hgodden
Posts: 1759
Joined: Thu Apr 16, 2009 2:13 pm

Haha okay, I never really read these posts properly ;)

In that case I'd wonder why you'd use tick sizes at all, I mean, why not just match whatever you're comfortable with to what the market allows you to use?
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