determined or delusional?

The sport of kings.
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Kai
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Joined: Tue Jan 20, 2015 12:21 pm

Okay you're absolutely right, I deserved that. After reading my post again I realize that I was way too negative and unfair to JG, so I will man up and apologize for that. The guy was just trying to give some advice and I basically attacked him for no real reason. No real excuse there other than my ego rearing it's ugly head, it got the better of me this time. I just got hella baited by that 50/50 comment, just like Ajdal did, except he expressed his thoughts in a normal manner unlike myself.

I still disagree with the 50/50 thing but I do agree that newbies should avoid scalping when starting out. I probably should have taken more time to elaborate what I meant about mechanics etc, instead of just making smart-arse comments.

to75ne I understand your reaction and I accept your insults :) Although I am glad that you somewhat agree that everyone's mechanics could be improved, because like I already said, I feel that it's an area much often overlooked by traders. I don't think that the things that I said about this subject were "garbage" but I do agree that the manner in which I have said those things can definitely be labelled as garbage. I'll admit that I did not know about Leon's posts about gaming mice, scripts etc, that's exactly the sort of stuff that I was referring too. Thanks for pointing it out, I will track down those posts.

Once again, my apologies to the offended, they are sincere. I did join the forum to learn how to be a better trader, but it doesn't hurt to try and be a better person, or to at least keep that ego in check, so thank you for calling me out on that.
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icarus121
Posts: 259
Joined: Mon Nov 16, 2009 10:07 pm

Jolly G has over the years layed a breadcrumb trail, and i for one wouldn't be halfway down the road without his input(mugs as well) and i'm sure i speak on behalf of many on here ...lurkers included!

Respect to you Kai for the man up .Would have been easier to hide behind the screen and slug away!You are well down the road by the sound of things!Fair enough.
Even you would have a job scalping HARRY CHAMPION in the 6.30 @ Windsor though! :lol:

Keeping all things positive on here benefits us ....after all it helps for a happy mindset when sat in front of screens day in day out.
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JollyGreen
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Credit to you Kai, apology accepted.
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RonObvious
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Joined: Mon Dec 09, 2013 4:12 pm

Just started back using Bet Angel again this week, have forgotten how interesting the forum was!

Kai, I'm interested to learn more about using gamer pads. I've seen other people hint at them before but I've never seen any vids anywhere on how they would be useful for trading.

Can you point me in the right direction?


As for the original question determined or delusional?, the fact that the original poster is breaking even most of the time is progress as far as I'm concerned. I had that problem when I started out, took me a good year of solid trading before I could break even and eradicate going IP and chasing losses on the ladder.
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Hambleden
Posts: 32
Joined: Mon Jul 07, 2014 10:12 am

Many thanks for your excellent advice Jollygreen: Take short cuts to learning i say! If you can't make scalping pay..that's good enough for me! I shall concentrate on trying to learn about swings and market moves. Your posts much appreciated! :)
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Kai
Posts: 7137
Joined: Tue Jan 20, 2015 12:21 pm

Hi Ron. Well I don't use a gamer pad myself but I did some digging on the forum and I found several threads that you might find informative, I certainly did. Afaik there are no videos on this subject, although I didn't really look very hard for them.

1. http://www.daytradingbias.com/?p=129808
2. viewtopic.php?p=28722#p28722
3. viewtopic.php?f=20&t=931
4. viewtopic.php?p=13756#p13756
5. viewtopic.php?p=2967#p2967
6. viewtopic.php?p=36584#p36584

My earlier comments (actually more of a rant) about mechanics were not necessarily about various gadgets or scripts, but more about having fast mechanics in general, of using mouse+keyboard with a bit of automatization to give you that extra edge when scalping. I realize now that it sounds a bit silly because I come from a different background, where I simply relied on my mechanics to win games and make money, that's why I approached the ladders from a mechanical side just like I would any other game. So naturally, scalping suited me much better than the big picture stuff. I was merely trying to point out that there is much more to the mechanical side of things, which from what I've read most people don't even realize, or they realize it but don't think it's as important, but I ended up sounding like an arrogant jackass. I mean, if you have ever seen a REALLY good greyhounds trader in action you will notice how his mechanics are much faster than your average trader, he needs to be fast if he is going to scalp several dogs at the same time in a very chaotic market.

In any case, any little mechanical edge is totally worth it in my opinion, I'm really glad that these links above confirm that as well. For example, I know a tennis trader who came up with a clever idea of using a very simple script that made his life a lot easier when he was trading, a simple quality of life improvement that ended up sometimes beating the 5 second delay which brought his profits to a whole new level.
Last edited by Kai on Tue Jun 23, 2015 1:19 am, edited 3 times in total.
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JollyGreen
Posts: 2047
Joined: Sat Mar 21, 2009 10:06 am

Hi to all

Thank you for the support in this matter. As you know I offer my advice for free based on experience using Betfair since late 2001. I have worked with, met and stayed friends with hundreds of traders. I will never give advice I feel is incorrect, not even to make a point or to move things along.

This is important. Kai apologised, he may have been having a bad day and he jumped in with a reply which was slightly barbed. We have all done it, I know I have and it takes a decent person to step up and apologise so Kai earns my respect for that.

Please do not give him a hard time or turn it into an ongoing feud. Most people on here are trying to learn about trading and we all need to forgive and enjoy each other's company....figuratively speaking in an on-line world. I have seen this on other forums and they just descend into fight after fight to the point where nobody bothers any more.

We have a great community here so let's keep it going.

Thanks again

JG
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Kai
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Joined: Tue Jan 20, 2015 12:21 pm

Thank you JG for not taking it personally, a lesser man surely would, so you have my utmost respect for that. I know when I'm completely in the wrong, I definitely did not mean to cause any feuds or stir up pointless arguments.
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RonObvious
Posts: 198
Joined: Mon Dec 09, 2013 4:12 pm

Thats great Kai,

Thanks for taking the time to find the links :)
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to75ne
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Joined: Wed Apr 22, 2009 5:37 pm

i did not intend to start a feud just point out a few (percieved) "injustices".

finished :)
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oliver123
Posts: 174
Joined: Thu Sep 24, 2009 9:25 am

Hello Dan,

Well I can echo your sentiments; I have been in those loss positions more times than I care to remember. I have been using BA for about 8 years and am now using BAPro. I did Peter's one-day course recently which helped my trading. My advice to you is practice, practice, practice. I also think to gain confidence I would asdvise that you do scalping for one or two pips only and get the confidence of winning regularly. Yesterday, for example, I was scalping one pips and making, say, £4 - £5 per trade, and then moving on to the next race. Discipline is everything. I could have continued trading and try to exceed this money but kept reminding myself about the greed aspect.
So, in a nutshell, trade to win small amounts often and build your confidence!
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marko236
Posts: 737
Joined: Fri Jul 12, 2013 11:54 am

Back to scalping :P

There was a debate on scalping being a 50/50, i don't get why Kai says it isn't?

When you scalp you offer money it then gets taken and you try to get rid of it for 1 tick which means you have a 50% chance of this happening but you also have a 50% chance of the market going against you for at least 1 tick or more.

Am i missing something here? can someone explain what Kai means.

Let world war trade begin :lol:
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Archangel
Posts: 2008
Joined: Thu Jun 27, 2013 3:03 pm

When do scalpers typically enter the market. I see the price activity as being much more stable furthur out,. and the closer to the off time much more volatile, where scalping would be more difficult. Is this correct ?
I typically swing trade, look for bigger moves. But if price activuty is within a small range, which it is typically...i would also be trading within these ranges... is that considered "scalping" ?
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gutuami
Posts: 1858
Joined: Wed Apr 15, 2009 4:06 pm

scalping is one tick swing trade :lol:
It reminds me of paradox of the heap. A typical formulation {wikipedia...} involves a heap of sand, from which grains are individually removed. Under the assumption that removing a single grain does not turn a heap into a non-heap, the paradox is to consider what happens when the process is repeated enough times: is a single remaining grain still a heap? (Or are even no grains at all a heap?) If not, when did it change from a heap to a non-heap?
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