Hello to all,
This is my first post guess we all have to start somewhere.
I have one question and it would be much appreciated if anyone could help me, If i closed a Trade say for e.g. 5 pounds across the board so my profit would be 5 pounds. ok i got that but lets say i want to go back in to the same Market which i have just closed, no matter what happens on my second trade do i still get the 5 pounds profit from the first, and my second question is how do i close the second trade.
Many thanks your help would be most welcome. Roland
Greening up
You close all your trades the same way it does not matter if its the 1st or 100th you have done in that market.
The profits or losses you make on each individual one are rolled on till the end of the event.
If you do a total of 3 trades
1st = £5
2nd = £3
3rd = -£6
Your total will be £2 profit when the market is settled after the event.
You might find this link helpful
viewtopic.php?f=47&t=11572
The profits or losses you make on each individual one are rolled on till the end of the event.
If you do a total of 3 trades
1st = £5
2nd = £3
3rd = -£6
Your total will be £2 profit when the market is settled after the event.
You might find this link helpful
viewtopic.php?f=47&t=11572
Thank you very Dallas for your reply very much appreciated and it answered my question to a T.
I was wondering if you could just help me with one other point, if you were a novice like my self for horse racing would you have it set on None, offset bet, offset bet with greening ETC
I am slowly getting my head around it but as i can see that it is easy to make profit, but it is so easy to loose money, thats why i am trying to learn the basics.
Thank you once again for your help.
I was wondering if you could just help me with one other point, if you were a novice like my self for horse racing would you have it set on None, offset bet, offset bet with greening ETC
I am slowly getting my head around it but as i can see that it is easy to make profit, but it is so easy to loose money, thats why i am trying to learn the basics.
Thank you once again for your help.
I assume you mean pre-race horse trading - If so it largely depends what type of pre-race trading your doing, ie if its 1-2 tick scalping or looking for longer term swing trading.
If its scalping because a lot of this technique comes down to speed and getting in at the right time then I would definitely use the "offset with greening" & maybe also a few ticks as a stop loss (you can always still intervene manually at any point) especially while your learning its one less thing to worry leaving you to just concentrate on finding the best entry points.
If swing trading its not as important but can still be used as a handy backup while you find your feet.
It does nt matter what level of trader you are these type of tools are there to help and make this job easier so if it benefits what your doing then use it.
If its scalping because a lot of this technique comes down to speed and getting in at the right time then I would definitely use the "offset with greening" & maybe also a few ticks as a stop loss (you can always still intervene manually at any point) especially while your learning its one less thing to worry leaving you to just concentrate on finding the best entry points.
If swing trading its not as important but can still be used as a handy backup while you find your feet.
It does nt matter what level of trader you are these type of tools are there to help and make this job easier so if it benefits what your doing then use it.