being very new to trading i would be very interested to know what you think the best piece of advice you have been given regards you trading practice.
mine is only concentrate on the favorite, until i am more confident in my trading
Paddy
best piece of advice you have been given
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- Posts: 37
- Joined: Tue Oct 27, 2009 6:19 pm
Not that this advice is given to me but it fits your advice....
How about: do not concentrate on the favorite alone because prices interact with eachoter. You have to keep an eye on what all other horses are doing.
How about: do not concentrate on the favorite alone because prices interact with eachoter. You have to keep an eye on what all other horses are doing.
Yeah, mine is don't trade inplay.
I was backing a layng smooth yesterday on a horse when all of a sudden it appears I clicked lay when inplay on a horse (non favorite) and it came through to win, lost £43 smackers as I couldn't get out quick enough and more shocked as to what was happening
If I had kept the back bet it would have probably won about £250
Oh well back to square one with NO inplay trading
Dave
I was backing a layng smooth yesterday on a horse when all of a sudden it appears I clicked lay when inplay on a horse (non favorite) and it came through to win, lost £43 smackers as I couldn't get out quick enough and more shocked as to what was happening
If I had kept the back bet it would have probably won about £250
Oh well back to square one with NO inplay trading
Dave
Trade with minimum stakes (£2) while learning. At end of trading compare profit and loss in percentage terms to your bank.
eg trade 10 races with a starting bank of £20. Total profit of £2 over the ten races is actually a 10%profit for the day. Plus when trades go bad and they will. The damage is not so bad.
Dont be over ambitious and stay disciplined.
eg trade 10 races with a starting bank of £20. Total profit of £2 over the ten races is actually a 10%profit for the day. Plus when trades go bad and they will. The damage is not so bad.
Dont be over ambitious and stay disciplined.
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- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
Probably the worst piece of advice I could imagine. Not sure trying to get your kicks from trading is the way to go, probably lead to all sorts of bad habits or a heart attack
How's the trading and the fun going, btw?
- wearthefoxhat
- Posts: 3248
- Joined: Sun Feb 18, 2018 9:55 am
"Someday chicken, someday feathers" (Sums up the peaks/troughs of trading overall)
If your vegan; "Someday tofu, someday tough luck"
If your vegan; "Someday tofu, someday tough luck"