when i back a horse the odds go upand when i lay a horse the odds go down should you cut it off after a certain amount of ticks and go again or is there a way to read the charts losing all my cash
odds moving the wrong way
Hey everyone , seem to have this problem all the time
when i back a horse the odds go upand when i lay a horse the odds go down should you cut it off after a certain amount of ticks and go again or is there a way to read the charts losing all my cash
when i back a horse the odds go upand when i lay a horse the odds go down should you cut it off after a certain amount of ticks and go again or is there a way to read the charts losing all my cash
I smiled when I read the subject of your post, as when you think about it the market is never wrong. It just doesn't behave the way we think it should all the time! 
If you find the market moving against you, close your trade. You don't want a small loss to become a big loss. Logically, even if you use a coin flip to decide which direction to trade in, the market will go in your favour as often as not. If you get a few losses on the trot, it's easy to assume that you're making mistakes or that some entity is conspiring against you, when in fact it could just be due to randomness. If you don't believe me, try doing the opposite of what you're currently doing, ie back when you would currently lay and vice versa, and see what happens.
Jeff
If you find the market moving against you, close your trade. You don't want a small loss to become a big loss. Logically, even if you use a coin flip to decide which direction to trade in, the market will go in your favour as often as not. If you get a few losses on the trot, it's easy to assume that you're making mistakes or that some entity is conspiring against you, when in fact it could just be due to randomness. If you don't believe me, try doing the opposite of what you're currently doing, ie back when you would currently lay and vice versa, and see what happens.
Jeff
mdakiz71 wrote:Hey everyone , seem to have this problem all the time
when i back a horse the odds go upand when i lay a horse the odds go down should you cut it off after a certain amount of ticks and go again or is there a way to read the charts losing all my cash
What makes you think that?mdakiz71 wrote:Thanks Jeff will give it a try but I think I'm doing something wrong.
How would you describe your approach to trading? For example, are you a trend trader or a scalper?
Some do, but others just look at the ladder?mdakiz71 wrote: do traders read the charts before trading
It's a matter of personal preference, and it depends to a large extent on your trading style. For example, volatility generally decreases as the off approaches, so if you want to ride big trends you're probably best not waiting till a minute before the off! Personally, I try to avoid markets with gappy ladders, but I'm sure there are traders who do very well out of such markets. It just doesn't suit the way I trade.mdakiz71 wrote:is there a certain time before the race you start trading.
Jeff