Trading is impossible now

The sport of kings.
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Ica73
Posts: 28
Joined: Wed Apr 15, 2009 7:31 pm

I think that scalping is going to death because market is manipulated by bot's... For example, If i lay or back 1000 without sense, the market go against me 10/10 times... no way. More are the stake and more the market will mouve against me...
steven1976
Posts: 1744
Joined: Tue Jan 19, 2010 6:28 am

It does the same to me for 4 pounds mate! I don't think money arrives like you think. If the market was controlled all by one person and you enter 1000 and try to.scalp, you show your card, so it moves away from you and holds you in a loosing position. Why would it give it back to you if only you and someone else (the market)?
Ica73
Posts: 28
Joined: Wed Apr 15, 2009 7:31 pm

In effect I think that this bot calculate the total of scalper position anche mouve the market against all... anyway, in the past my scalping was made follow a plan, a strategic enter, looking the volume.... now it is only scalping casual...
cybernet69

Ica73 wrote:In effect I think that this bot calculate the total of scalper position anche mouve the market against all... anyway, in the past my scalping was made follow a plan, a strategic enter, looking the volume.... now it is only scalping casual...
Correct analysis about the BOT. The same type of BOT is being run my several sports trading companies.
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3virgul14
Posts: 89
Joined: Wed May 26, 2010 8:28 am
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I take positions against these bots on tennis matches and dont let them get away without take a good hit..

Otherwise they can push the price against you even more than %5 or %10 at times
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Euler
Posts: 26457
Joined: Wed Nov 10, 2010 1:39 pm

If you have been in the market for any level of time at a decent level it is likely that somebody may be acting on your money in the market. They won't know that, but they may see a repeating pattern and act on it. So change your pattern or hide it.

No doubt there are other factors at hand as well.

Curiously I run a scalping bot most days and today was pretty favourable. Has ups and downs but today seemed pretty favourable.
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marksmeets302
Posts: 527
Joined: Thu Dec 10, 2009 4:37 pm

giulio2010 wrote: The decentralized market is already out there, it will take 5-6 years to gain market makers attention. The syndacate I have metioned is about providing liquidity for the sport market, NO creating a new exchange. There is a believe that over 10 milion people or more will use the decentralized market in few years so there are rooms for all sort of businesses. The great thing about it is that there are not owners-share holders or all that sht. It runned by reputation people all over the place. Almost like linux or Bitcoin to make an example. It will provide odds or prices for just about everything and the most accurate one. It will not compete with betfair though. Betfair will have some of their trusted customers for quite sometimes with an average of winners which will go lower and lower but the new generations are more oriented towards crypto currencys and decentralized market place.
Are you referring to augur?
(viewtopic.php?f=39&t=10710&p=91288&hilit=augur#p91288)
xitian
Posts: 457
Joined: Fri Jul 08, 2011 2:08 pm

The main issue I worry about preventing these decentralised distributed exchanges from taking off is the speed at which they can confirm a transaction as being complete. I mean with something like Bitcoin, doesn't that take several minutes? Although that might be fine for taking a punt on an event far in the future, I don't see how it can possibly be tradable. With Betfair you have one central exchange and matching system matching bets within milliseconds. I don't see how a distributed system can do that.
giulio2010
Posts: 962
Joined: Sun Sep 12, 2010 9:11 am

marksmeets302 wrote:Are you referring to augur?
Augur is probably the pioneer of the decentralized market. I have found out about augur here on this forum then when I have met my mentor again, not long ago, she mentioned it too and I have been shown a real good prospectives in regards. There are quite few projects out there financed by crowd fundings and some other cyber investors. Of course it's all complicated and slow today but eventually it will kick off. Transactions speed, trading platforms, secured cryptocurrency, and many more complicated staffs are big issues today, like everything it need time.
As an investiment is also hard to calculate a percetange of success as there is No history out there so it's all about believe in it and try to understand it as much as possible.
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Euler
Posts: 26457
Joined: Wed Nov 10, 2010 1:39 pm

I met Augur when I was in San Francisco. I do think this is the sort of technology, or something similar, that will blindside incumbents at some point. Early days.
Jukebox
Posts: 1576
Joined: Thu Sep 06, 2012 8:07 pm

When one considers how many punters manage to open a Betfair account only to then bet with the Sportsbook - I think we have a while yet.
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