The biggest Edge??

[SeaHorseRacing]

Seahorse why would i lie to you?...i have definately been scalping a year just cause im shit at it doesnt mean ive only been doing it 2 weeks..........seeing as Marko mentioned Caan...it is his videos that i purchased and ive spoken to him several times over the last year about everything.....ive spent hours watching markets and everything i do is what ive been told....youve summed it up im too slow.....surely this forum is for helping people then itll be up to me to decide if i have a future in trading or not....You say in the early days you lost £500 -£1000, ive never done that so does that mean im better than you, no it doesnt....Would you be able to post a video of one of the races tonight to give me pointers as ive only ever watched videos that were pre recorded...i`ll give you the race to trade if youre not doing anything...how about the 20.15 at Market Rasens which is a handicap with a 4.5 fav, if you cant it doesnt matter

I have purchased Caan Berrys video pack. The trading you are showing does not reflect that at all. Dont take my comments personally, I am here to help you. The best way to do this is to tell you honestly. If I said not bad do this... do that.. you wont get anywhere. Its clear, the advice your getting is not giving you the kick up the ass you need to get where you want to be. Imo A VERY HONEST imo. If you are here after one year and theses are your results. It will take you 10 years to make it or you dont have the ability to do it.

You have to change something drastically. Keep reading that sentence over and over. Finding more strategies. searching this forum asking these questions about finding edges is NOT going to make you better. You have to change something drastically.

You are doing the same thing over and over expecting different results.

I believe anyone can learn to trade with reason. Simply fact is, you are neglecting yourself. You are wasting all your time on market knowledge learning. The errors I see are in your brain. Find a strategy, whether thats is Caans videos or Peters course. Ignore all the other crap, using there methods. Improving yourself will get you results.
Use their approach and adapt your mentality and discipline.

Looking at your video you posted. Although I do believe your were using an incorrect strategy- this is because of your either inexperience(unlikely if been a year) or too much conflicting knowledge.
However ignoring that, you have serious emotional and behavoural issues within your trading.
- you opened a trade immediately without any discipline! why?
-you were nervy/hesitant why?
-completely un sellf aware
Just because you took the loss or followed the book doesnt mean that you will win. Go back watch all Caans videos. Dig deeper on every video.

Have a look does he enter the market of a trade as soon as the video starts?
What time does he start trading?
Are you covering all the variables?

Once you uncover them, set yourself some rules and NEVER VIOLATE THEM.

You should be taken notes on every trade you do.

Read: Trading in the zone. If you have read it then I dont think your understanding it well enough.

Record all your trades,

You have to be truly honest with yourself. Stop trying to justify your excuses. I never said you were shit.
I wont be scalping the 8.15, why? because the racing is so weak if I scalp tonight I will probably lose money. I wont trade anymore tonight because the racing is too weak.

[SeaHorseRacing]

I will set you a challenge. To prove to you that you are the problem and not a lack of knowledge. Again dont take it personally. Its just the way your brain is wired. You can change. I promise


I challenge you to do this:

For the next seven days-

Using your already conflicting knowledge on how to trade do the following only.

RULES TO FOLLOW:

Open a market- If the market has less than 5 mins until post time- skip

The favorite of the market at 5 mins must be bigger than 4.00-if not skip-

The market must be a handicap- if not skip

Watch the market- DO NOT OPEN A TRADE UTIL the last 1 minute-

If there is less than £350,000 matched on this market with 1 minute to go- skip

If they are loading in the stalls- stop trading- if they are lining up to the starting line- stop trading.


Follow these races and rules scalping the same way in the video you uploaded for 7 days.

Scalp it in the exact way. using your Knowledge to scalp.

Firstly. If you follow these rules 100% I believe your make some sort of profit, also. I reckon you cannot follow these rules! Why? because the way your brain is wired.


I challenge you to do this. Never violate these rules. If you do dont discard the trade on your results.

Make sure you note down after the trade if you have broken this rule.

[davangel]

Seahorse...i aint making excuses and im very in control of my emotions or i wouldve told you to F**k off lol...Caan told me you can trade any market and until you actually look at it you cant write one off so the 8.15 might have been the best market today to trade!

everything you guys have said in this status i have taken on board.......and youre comment "ive got to look at different strategies" is the one which iII take on board most

i say i am shit because im not gonna lie to myself, i need to improve my technique massively

I looked at the recorded market for about 2 mins before i entered and started recording, ive watched everyone of Caans videos loads of times, (i paid £147 for them so im getting my moneys worth lol) and he enters at various different times

i could record you another video where i actually won as thats what happens with my trading but in the long run im consistantly losing as my technique is crap like you say as 1000s of other would be traders are as well..

Caan Berry told me to start with he was consistantly losing until the penny dropped, when it dropped he still wasnt there but was on the right track, i started this thread because i was convinced there was an ultimate edge that top traders had that anybody could use and make money with ......now i know there isnt i have to start looking at my own style of trading and improve or in another year i`ll still be the same....SHIT

[davangel]

Open a market- If the market has less than 5 mins until post time- skip

The favorite of the market at 5 mins must be bigger than 4.00-if not skip-

The market must be a handicap- if not skip

Watch the market- DO NOT OPEN A TRADE UTIL the last 1 minute-

If there is less than £350,000 matched on this market with 1 minute to go- skip

If they are loading in the stalls- stop trading- if they are lining up to the starting line- stop trading.


Ok so by the first point you mean i have to be looking at a market for over 5 mins before i even think about trading on it..correct, i understand the other points

[RentonT]

Seahorse - I feel the same frustration.

I do worry and hope nobody tells you to jump off a cliff tho Dav. Don't believe everything you read, I mean not trading the fav until you are more experienced... FOOK ME!!! That is a horrendous statement. I wouldn't offer advice like that but if I had to I would say only trade the fav until your more experienced haha. The main thing is you are keen so that is a good. You have a lot to learn but ultimately you 'will' and 'have to' learn on your own from your own experience.

One thing I used to do which I found really helpful was to open a market but not trade it, not even practice mode trading. Just view the activity of the market. And talk out loud about what you see and what you think and what's happening. I would do this a lot if I was you. Because you need not to be swayed by any open positions. Look at the market objectively and try and pick up that vital experience you so desperately need to form your own trading views and strategies.

You need to look at how the market behaves and most importantly the price action, get used to the price action and take in to account as many factors as you can that you notice when certain things are happening.

Time before off
Volume
Increase in volume through time
number of runners
prices on the runners
ranges
support and resistance levels
price points
live pictures
graphs

You need to build up your own expertise and you will notice patterns that repeat themselves and then you will be more confident to execute trades. It isn't completely straightforward as you will see things that maybe don't fit the patterns you find but that's because there are so many influencing factors. But at these times you add the extra experience to the knowledge bank (and when your trading you manage your position properly so it shouldn't be a problem).

I would reverse the ladder too but I don't know how to say why you should because I reversed them from day 1 - but looking at your video it just looks weird to me but obviously this is personal preference. I think it does make a significant difference though.

BOTTOM LINE is you need to get a much much better "feel" for how the market behaves and be comfortable with it.

In theory you should have positive reasons for entering a trade where you are. Why are you backing/laying there? And as time goes by "am I right", "yes/no", "now I do this" etc ... obviously all this can happen and has to happen quickly but there has to be METHOD to your trading that you try and follow as best you can.

The hardest thing to do at your stage with the information overload and your eagerness to succeed is to SIMPLIFY everything, but you have to try and simplify things and take it all step by step.

LEARN HOW THE MARKET BEHAVES AND GET USED TO IT

BUILD UP EXPERIENCE NOW... NOT THEORETICAL KNOWLEDGE

[davangel]

Thanks again Seahorse youve been a big help....i work shifts so itll take me more than 7 days to do this as i dont trade after a 12 hour shift only on my days off

do you know how to pin the betfair live video to the ladder cheers

[davangel]

I do worry and hope nobody tells you to jump off a cliff tho Dav. Don't believe everything you read, I mean not trading the fav until you are more experienced... FOOK ME!!! That is a horrendous statement. I wouldn't offer advice like that but if I had to I would say only trade the fav until your more experienced haha. The main thing is you are keen so that is a good. You have a lot to learn but ultimately you 'will' and 'have to' learn on your own from your own experience.

One thing I used to do which I found really helpful was to open a market but not trade it, not even practice mode trading. Just view the activity of the market. And talk out loud about what you see and what you think and what's happening. I would do this a lot if I was you. Because you need not to be swayed by any open positions. Look at the market objectively and try and pick up that vital experience you so desperately need to form your own trading views and strategies.

You need to look at how the market behaves and most importantly the price action, get used to the price action and take in to account as many factors as you can that you notice when certain things are happening.

Time before off
Volume
Increase in volume through time
number of runners
prices on the runners
ranges
support and resistance levels
price points
live pictures
graphs

You need to build up your own expertise and you will notice patterns that repeat themselves and then you will be more confident to execute trades. It isn't completely straightforward as you will see things that maybe don't fit the patterns you find but that's because there are so many influencing factors. But at these times you add the extra experience to the knowledge bank (and when your trading you manage your position properly so it shouldn't be a problem).

I would reverse the ladder too but I don't know how to say why you should because I reversed them from day 1 - but looking at your video it just looks weird to me but obviously this is personal preference. I think it does make a significant difference though.

BOTTOM LINE is you need to get a much much better "feel" for how the market behaves and be comfortable with it.

In theory you should have positive reasons for entering a trade where you are. Why are you backing/laying there? And as time goes by "am I right", "yes/no", "now I do this" etc ... obviously all this can happen and has to happen quickly but there has to be METHOD to your trading that you try and follow as best you can.

The hardest thing to do at your stage with the information overload and your eagerness to succeed is to SIMPLIFY everything, but you have to try and simplify things and take it all step by step.

LEARN HOW THE MARKET BEHAVES AND GET USED TO IT

BUILD UP EXPERIENCE NOW... NOT THEORETICAL KNOWLEDGE[/quote]


Thanks Renton.....i was told not to trade favs at odds on, say 1.8 or less and concentrate on the 2nd and 3rd in the same market as its easier to spot what they are doing and one or both are likely to drift, obviously ive been given false info.

My brain is overloaded on different opinions, some people say "dont trade irish racing" some say "bullshit irish racing offers up ideal chances to trade" some people say best time to trade is from 5 mins but get out at 1 min as bots and bookies will be offloading and others say wait until the last minute as the market offers good positions then

I honestly believe that its been my strategy thats been holding me back and that scalping day in day out has been the wrong thing for me to do....im gonna take a rest for a couple of days as im working and have a rethink about my whole trading style.....thanks for your help

[RentonT]

Yea you really need to focus on understanding the various ways the market behaves.

There are so many ways to trade the markets and your limiting yourself. For instance markets with a strong favourite can be great to trade but you wouldn't be involved. Silly.

If you do what I said you can do it across all markets and find which markets YOU like.

You need to know what your doing when your trading. By this I mean why you are doing something. I may be wrong but I just get a real sense of you don't know what your doing, what you are looking at, why you are doing it. And certainly you aren't confident in what your doing.

Here's my shit attempt at an example.
Why do you cross the road?
Is it a nice road to cross?
Are you sure you want to cross this road and here? Are you on a bend?
Surely you looked both ways, and have picked the right time?
Then when you begin to cross you must be looking still and using your ears to see you were right. If something changes and a motorcycle comes along out of nowhere you quickly manage your position and don't die.

Ideally you want to find a nice zebra crossing or traffic light men to have an increased chance of successfully completing your objective.

But don't cross the road madly without having some idea of what your doing. And don't cross the road purely on someones say so, by all means use their advice to help but you have to learn to become an expert road crosser by yourself.

I bet Peter could crosses the road in his sleep but even he wouldn't really try it. But he definitely has a superb feel for roads and crosses them without really thinking.

Right that's enough for me. I'm going to open a bottle of red wine and get ready for Gary Lineker in his pants.

Peace out

[RentonT]

My brain is overloaded on different opinions, some people say "dont trade irish racing" some say "bullshit irish racing offers up ideal chances to trade" some people say best time to trade is from 5 mins but get out at 1 min as bots and bookies will be offloading and others say wait until the last minute as the market offers good positions then

EXACTLY!!!!!!! There are loads of different ways to succeed so YOU HAVE TO FIND YOUR OWN

[SeaHorseRacing]

I am hoping to get the penny to drop on you with this thread.

Just for the moment forget what conflicting traders are saying to you. Ignore it.

Just because you accepted the loss. Just because you never told me to f off. This however does not mean you are controlling your emotions. You are controlling only the emotions you are aware of. I am really really going out of my way to help you, please listen to me.

Your technique is not your problem!!! Look you know how to scratch a trade. You tried to scratch your trades. Why was your technique poor? because of your complete ignorance to self awareness. Your trading is poor from a lack of focus and emotions which has caused you to get conflicting advice.

You are in this position because of emotional issues. Every step or set back over the last year has caused some sort of emotional pain(not progressing at trading) this has made you push harder and find out more about the markets.

You purchased Caans videos, after not getting the improvement you have then gone to another trader for advice. You are continuing to do this process. Firstly: some traders trade completely different. You have short term type of traders and longer term type of traders.
You have scalpers and you have swing traders.
They may do all of them however Im pretty sure their strategies maybe biased or favor one.

Let me explain. If someone is a scalper and there advising you to trade in last few minutes. then a swing trader type of trader is certainly going to give you contradicting advice. This does not mean it is wrong or right.

What might be happening to you is your trying to take a long term traders advice into a short term system.

Which has now led to you seeking too much advice which is now conflicting and fighting with you inside.

So what you need to do is remember, you cannot implement a swing traders strategy on a scalpers personality.

Yes Caan is right to some degree. BUT for me I know how I trade and how I TICK I know that with my rules YOU HAVE TO HAVE RULES! tonights racing does not enable me to profit.

You have to have rules to your personality. My personality has made me create rules which makes this race un trade able and unprofitable to me. For someone who finds going in play a problem will have to have different rules to me, this may enable this person to profit from any race as Caan has said. But for me I have rules, I have to follow these rules to be profitable right? Yes the 8.15 can be profitable for any trader but for me my profitable rules has ruled this race out.

You are fantasizing about winning every race because Caan said he can, but he doesnt have as many emotional issues you have. Or less. The point is they are different. Look. Someone who has trouble going in play will busts banks all the time. Yet someone like you are losing slowly and painfully. It all evens out.

STOP CONCENTRATING ON EVERYBODY ELSE. LEARN ABOUT YOURSELF.
I know its frustrating, but thats the truth. you just want to open a race and trade it. Its not going to happen for you.

Yes, you know what, I could have traded the race and made a profit, however- I am not Caan Berry and neither are you. Just because he thinks he can make a profit on every race doesnt mean you will. He is at expert status. You need to find an edge. Your edge is finding out about who you really are and changing the bad habits.

If you have paid for Caans videos, ignore everyone else advice on strategies and build one for you around it

Look were all wired in the brain differently, we all have different family's, different educations, different lifestyles, different upbringings etc which means were all different.

You need to accept this. I understand you just want to be very good at trading and make sure your not missing out. BUT- your brain is wired differently I am afraid.

I will say it again, your looking to find more information about the markets because of your lack of progress or success. But I and other people are telling you things you cant see or are not able to see. You have not progressed because you have severe emotional issues within the market. Or shall I say. When you open a market severe emotional issues take over you. I dont know them either Im not you.

Face it, you wont trade like Caan Berry or Peter Webb. why? because they trade to the best of their ability/personality and more importantly they trade with their natural abilities and what suits them

Think about this? You say you can take a loss and you never let a trade go in play. Right- most traders seem to suffer from this weakness. BUT- you dont. That makes you different! you have other weaknesses and it is not about lack of knowledge!!

Follow a proven strategie and if you lose, go back to your recording and concentrate on everything that made you click or not click a button. You will find it I promise.

Follow the plan I set for one week.

[SeaHorseRacing]

Yea you really need to focus on understanding the various ways the market behaves.

There are so many ways to trade the markets and your limiting yourself. For instance markets with a strong favourite can be great to trade but you wouldn't be involved. Silly.

If you do what I said you can do it across all markets and find which markets YOU like.

You need to know what your doing when your trading. By this I mean why you are doing something. I may be wrong but I just get a real sense of you don't know what your doing, what you are looking at, why you are doing it. And certainly you aren't confident in what your doing.

Here's my shit attempt at an example.
Why do you cross the road?
Is it a nice road to cross?
Are you sure you want to cross this road and here? Are you on a bend?
Surely you looked both ways, and have picked the right time?
Then when you begin to cross you must be looking still and using your ears to see you were right. If something changes and a motorcycle comes along out of nowhere you quickly manage your position and don't die.

Ideally you want to find a nice zebra crossing or traffic light men to have an increased chance of successfully completing your objective.

But don't cross the road madly without having some idea of what your doing. And don't cross the road purely on someones say so, by all means use their advice to help but you have to learn to become an expert road crosser by yourself.

I bet Peter could crosses the road in his sleep but even he wouldn't really try it. But he definitely has a superb feel for roads and crosses them without really thinking.

Right that's enough for me. I'm going to open a bottle of red wine and get ready for Gary Lineker in his pants.

Peace out

Its spelt out for you on this quote.

Great advice

[SeaHorseRacing]

If you are really serious about trading, invest in some racing coverage on sky or more screen space. About pinning the live video I have no idea I use the tv and if not on one of my four screens.

[davangel]

Seahorse ive wrote down your key points and will be trialing them, that last comment you wrote is one of the best comments ive ever read and i agree most of them points are what i need to do if im to improve...Renton i love your scenario and you are right, at the moment i am confused and look at the markets in the sameway over and over again and get nowhere

Thanks again guys you dont know how much i appreciate your advice

Enjoy your wine Renton and hope both of you have a good day tomorrow

PS...do any of you know how to pin the betfair video to ladder screen

[davangel]

Sorry Seahorse we mustve posted at the same time........i just have a laptop just now and i wont invest in multiple screens and Racing TV coverage until i improve my skills and i can justify the outlay....No point in buying a Ferarri they say until you can drive!!

[SeaHorseRacing]

Sorry Seahorse we mustve posted at the same time........i just have a laptop just now and i wont invest in multiple screens and Racing TV coverage until i improve my skills and i can justify the outlay....No point in buying a Ferarri they say until you can drive!!

I would like to make another note from my experience in the last year. I feel it could help you and others.
When I got into trading, I used to be obsessed with getting back up in case the laptop broke or the internet went. I traded a lot in my bedroom and got obsessed with having racing screen pictures there. The point is I was worrying about problems that didnt need to exist.

For now the tv pictures is not a problem for you, let me tell you why.

You have so many multi tasking skills to learn that just trading and trying to observe the whole market is too difficult to do with having to waste time opening that up.

Your breaking your focus too.

I remember coming on the forum and someone saying oh, fancypants won by 50 lengths. I was so hooked up in my trade and I couldn't absorb that information. I had no idea who was racing lol even after I just traded it.lol

The tv pictures for you is the same. At the moment I think your wasting your time, your removing a skill from using the effort to open that picture up. And if something drastic does happen. Horse breaks lose etc Your so into your trade and learning new skills you wont actually take advantage of it anyway.

Just for the moment, close out your trade before the off.