Trading What I see !?

[Tetras]

Would you say the same at 5.8 ?

It is often a stronger position than 6.8, but it's difficult to say so definitively because it really depends on the market and the strength of the field. Backing so close to a crossover is not something I'd want to do without very good reason though.

Blimey you lot know an awful lot.

It's not that I know a lot, it's just punting logic really If you're expecting back or lay strength in the market, you need to know why. If I'm a punter, why would I back a drifter at 5.8? Value is always relative to the strength of the field and to the race itself. It's often harder to define value when there's little form, for example, which is why the market behaves differently in these races.

[mjbell]

Hi goat think your reading to much in to this trading lark, making loss after loss its not that difficult to learn. What is difficult is having the patience not to gamble, take unnessary risks to make more money and end up loosing on a trade ie ,letting it go in play etc, unless you know its likely to go in your favour.

[mjbell]

so are you swing trading ?

[goat68]

so are you swing trading ?

Hi, you're most likely right, over thinking...
Yes, swing trades

[goat68]

so are you swing trading ?

I'm actually thinking Swing trading doesn't suit my personality, so I'm going to give scalping or combo, a go..

[goat68]

Hi goat think your reading to much in to this trading lark, making loss after loss its not that difficult to learn. What is difficult is having the patience not to gamble, take unnessary risks to make more money and end up loosing on a trade ie ,letting it go in play etc, unless you know its likely to go in your favour.

You are taking the Mick about not being difficult aren't you?
To me it seems impossible to avoid large losses, just scalped/combo 6 markets, and won the first 5, then gave it all back on the 6th, no unnecessary risks, no I play, no gambling,....
I've watched Peters video on mind with the spreadsheet with the green,red,grey blobs and illustrating variance affect on behaviour, but the one thing that video assumes is win=loss, for me on average loss is 1.5x win

[goat68]

Another losing day...

[goat68]

Did one last Swing which saved the day.
Also realized I tried to scalp a low odds horse in a Mdn, which was my big loss, so that was a stupid thing to do...no wonder it was so volatile!

[smallplayer]

Hi goat think your reading to much in to this trading lark, making loss after loss its not that difficult to learn. What is difficult is having the patience not to gamble, take unnessary risks to make more money and end up loosing on a trade ie ,letting it go in play etc, unless you know its likely to go in your favour.

You are taking the Mick about not being difficult aren't you?
To me it seems impossible to avoid large losses, just scalped/combo 6 markets, and won the first 5, then gave it all back on the 6th, no unnecessary risks, no I play, no gambling,....
I've watched Peters video on mind with the spreadsheet with the green,red,grey blobs and illustrating variance affect on behaviour, but the one thing that video assumes is win=loss, for me on average loss is 1.5x win

You are probably trading the fast moving favs all the time instead of the slower moving 2nd and 3rd favs. The favs are for experienced traders only I think. Realistically, a newbie would need balls of steel to trade favs.

[goat68]

Hi goat think your reading to much in to this trading lark, making loss after loss its not that difficult to learn. What is difficult is having the patience not to gamble, take unnessary risks to make more money and end up loosing on a trade ie ,letting it go in play etc, unless you know its likely to go in your favour.

You are taking the Mick about not being difficult aren't you?
To me it seems impossible to avoid large losses, just scalped/combo 6 markets, and won the first 5, then gave it all back on the 6th, no unnecessary risks, no I play, no gambling,....
I've watched Peters video on mind with the spreadsheet with the green,red,grey blobs and illustrating variance affect on behaviour, but the one thing that video assumes is win=loss, for me on average loss is 1.5x win

You are probably trading the fast moving favs all the time instead of the slower moving 2nd and 3rd favs. The favs are for experienced traders only I think. Realistically, a newbie would need balls of steel to trade favs.

Thank you for the tip

[Tetras]

Did one last Swing which saved the day.
Also realized I tried to scalp a low odds horse in a Mdn, which was my big loss, so that was a stupid thing to do...no wonder it was so volatile!

I'd consider scalping high risk in almost all the markets I traded today, if you scalped them all and made a profit that's pretty good!

[goat68]

I've stopped for today, losing scalp after losing scalp, market is beating me up...
I do like the way most of the trading guides say never give up.... I guess that may work to a point, that being when you run out of money!!

[goat68]

Please tell me if I'm wrong but I would say the markets the last few months are behaving very different to the markets you see in Peters and everyone else's videos from the last year or two...? They seem far more volatile now?

[goat68]

I think I am realising scalping is not for me, as I am too affected by the volatile market beating me up...
However I am poor at anticipating Swing moves...
Hmmmm

[goat68]

I've been watching some of Tomas's videos, and he is slick! A real trading shark! It does make me think with the likes of him, Peter and all the other top few %, it is no wonder I haven't got a chance, which is basically what Tomas states in his Psychology chapter, the top few percent spoon of all the money from the others to make themselves a living!