I don't get it

[Euler]

In my experience of teaching others, it's often your own psychology that gets in the way.

I was terrible at trading short term on financials, but by the time I started Betfair trading, I'd got rid of all my bad habits.

But I was the total opposite, I made a career trading financial markets, and cant make a penny doing this, I just cant work it out, its driving me mad!

I think the lack of liquidity is somthing that messes with me, I can put a stop in at X price but that doesnt mean it'll be filled, at times its like trading on some random Chinese crypto exchange...

We all have bad days when seemingly nothing goes right.


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Generally a tough day today. Hate it when the weather sets in etc at this time of year.

[jamesedwards]

Trust me i'm trying to, I'm trying to get filled at favourable prices (4.0 to 2.0), to keep my liability in check but I keep getting trapped in bad trades, the market then moves so fast in the closing stages of the race that greeing up or trying to trade out of your position just seems like random buttom mashing!

I'm pretty close to giving up really, I feel like I've wasted two years just playing some kind of random game....

Greening up in-running on horses is best avoided. You need to beat the 1 second delay where possible or the whole thing becomes much harder.

Try one of the following:
> When placing value trades into the market, use stakes you are comfortable losing in full and let them ride.
> When identifying a negative signal and placing a lay trade into the market, put up a simultaneous back trade at X ticks above.
> When identifying a positive signal and placing a back trade into the market, put up a simultaneous lay trade at X ticks below.

[Goobs]

Trust me i'm trying to, I'm trying to get filled at favourable prices (4.0 to 2.0), to keep my liability in check but I keep getting trapped in bad trades, the market then moves so fast in the closing stages of the race that greeing up or trying to trade out of your position just seems like random buttom mashing!

I'm pretty close to giving up really, I feel like I've wasted two years just playing some kind of random game....

Trying to trade in-play?

I have been for the past 3 months now....zero clue so far!

I purchased the course from Trader Carl as he seemed to know how to make serious money doing this.........course was an utter waste of time, just videos of him trading and not really explainng why or what he was doing.

[Euler]

Is there no theory in it? No structure?

[jamesedwards]

Trust me i'm trying to, I'm trying to get filled at favourable prices (4.0 to 2.0), to keep my liability in check but I keep getting trapped in bad trades, the market then moves so fast in the closing stages of the race that greeing up or trying to trade out of your position just seems like random buttom mashing!

I'm pretty close to giving up really, I feel like I've wasted two years just playing some kind of random game....

Trying to trade in-play?

I have been for the past 3 months now....zero clue so far!

I purchased the course from Trader Carl as he seemed to know how to make serious money doing this.........course was an utter waste of time, just videos of him trading and not really explainng why or what he was doing.

email me your telegram ID.

[Goobs]

Trust me i'm trying to, I'm trying to get filled at favourable prices (4.0 to 2.0), to keep my liability in check but I keep getting trapped in bad trades, the market then moves so fast in the closing stages of the race that greeing up or trying to trade out of your position just seems like random buttom mashing!

I'm pretty close to giving up really, I feel like I've wasted two years just playing some kind of random game....

Greening up in-running on horses is best avoided. You need to beat the 1 second delay where possible or the whole thing becomes much harder.

Try one of the following:
> When placing value trades into the market, use stakes you are comfortable losing in full and let them ride.
> When identifying a negative signal and placing a lay trade into the market, put up a simultaneous back trade at X ticks above.
> When identifying a positive signal and placing a back trade into the market, put up a simultaneous lay trade at X ticks below.

Yes that's what I've been doing, I'm trying to only lay around 4.0-2.0 at around 4 I should be right about 75% of the time, and I'm also greening up at 25 ticks to further increase my strike rate, but this does reduce your profit quite a bit, still not sure if thats a correct approch?

I've found using the in-play tool much easier to see all runners vs using the ladders, thats another major differance going from financlais to this is the lograthmic price scale! That one took me ages to wrap my head around!

I just managed to get 4 lays in on the fav at Ayr

[Goobs]

Is there no theory in it? No structure?

Exactly that, it's just lots of videos of him trading in real time, which is great to see what he's doing, but if you dont know why or how its a bit pointless, he doesn't really speak of any money management how to size risk, doesnt even mention prices once.... so without some bones on the videos they are pretty useless to me!

[Euler]

My experience of inplay trading is that you have three different phases, all act very differently.

The start, middle and end are all seperate markets and strategies. You can't carry a strategy between those phases.

But also that definition of start, end is different according to the race type and distance.