£25 a day - A beginner's journey

[ShaunWhite]

Isn't that the price you pay for removing emotion from the trading equation,

Bit of a facalcy that automated trading doesn't involve emotion and subjectivity, it's just different. Each day is a trust exercise with thousands of pounds, and if you guys loose you can get back in the saddle in 10minutes or next day, our losses can come after months of work which can be crushing, and the next trial might be weeks away, longer if you've binned the project and look for fresh fields. And worse, something you could rely on for months or years vanishes almost overnight. It's emotional, but in bullet time rather than going on tilt for an hour.

[Leehaw1972]

If you are going down that road, prepare yourself to lose lots of money. I mean thousands of pounds. That's the reality while your learning. You will think your winning and then all of a sudden a horse comes from the back of the field and bites you in the ass. That's the reality.

[ShaunWhite]

If you are going down that road, prepare yourself to lose lots of money. I mean thousands of pounds. That's the reality while your learning. You will think your winning and then all of a sudden a horse comes from the back of the field and bites you in the ass. That's the reality.

Sounds like staking too big before the edge has been proven. Horses will 'come from the back and win' as about often as their odds suggest and with close to 2000 horses a week running in the summer 1000/1 winners could land twice a week on average. But with money management and a decent strategy no single loss should be ever be especially significant.

Nobody should be losing thousands.

[Fugazi]

If you are going down that road, prepare yourself to lose lots of money. I mean thousands of pounds. That's the reality while your learning. You will think your winning and then all of a sudden a horse comes from the back of the field and bites you in the ass. That's the reality.

Sounds like staking too big before the edge has been proven. Horses will 'come from the back and win' as about often as their odds suggest and with close to 2000 horses a week running in the summer 1000/1 winners could land twice a week on average. But with money management and a decent strategy no single loss should be ever be especially significant.

Nobody should be losing thousands.

BUT

What about those horses that should be 20,000-1 ?

[ShaunWhite]

What about those horses that should be 20,000-1 ?

Touché
Hard enough to find backers at 1000 when it's 2000 let alone at 20,000 (ie dead behind a screen)

But you've highlighted a quirk. You've got 1000 but we don't have 1.001. XM isn't quite so involved above 100 with having the 1.01 bottom.