I agree. What sort of strike rate would you say you had TraderPat in terms of Win/lose/draw?Trader Pat wrote: ↑Thu Jul 01, 2021 8:36 pmNobody has said you can make £150 on every race. Every so often a set up like that will come along and you raise your stakes to take full advantage of it but most races aren't so clear cut and you're reducing your stakes because you're not as confident in what you see, they make up the majority of the races you trade. In those you're just trying not to do anything stupid and you're keeping your powder dry until a decent opportunity comes along.xtrader16 wrote: ↑Thu Jul 01, 2021 8:17 pmA one off video proves it was done on that particular race. It doesnt mean that somebody can make £150 on every race. Im not saying, and never have done, that people don't make money trading Horse Racing. My original point was how do they find the consistency to do it 9/10 races and what are the metrics they are using. I know they are never going to share them, why would they but through the forum Im sure we could try to find them ourselves but it seems nobody want to try.
Anybody like to discuss this?
Trading/life in it's simplest form is just a trade off of evaluative judgements... you're/should be watching the watcher & trading their bad judgements, which in a nutshell is called value.
What people make is irrelevant to you or I, it's a measure of their skill against yours,.mine & the rest of the participants. Each individual persons return will fluctuate depending what's on offer, which gives that wonderful strike rate we all obsess over.
What people make is irrelevant to you or I, it's a measure of their skill against yours,.mine & the rest of the participants. Each individual persons return will fluctuate depending what's on offer, which gives that wonderful strike rate we all obsess over.
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Trader Pat
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James is right you don't want to spend too much time thinking about strike rate, not yet anyway. It depends on what types of markets you're trading, what your strategy is, how aggressive you're being etc...
My strike rate on racing markets is lower now than it used to be. I used to only trade markets that I could scalp so had a SR in the mid 80's, but then tried to swing trade everything so that dropped to low 60's. I have a more balanced approach now so it's somewhere in the middle.
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ShaunWhite
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It's just whatever it is, everyone has to find their own style. The only number that matters is your bottom line.xtrader16 wrote: ↑Thu Jul 01, 2021 8:24 pmGood point made by Euler. What sort of strike rate would somebody expect to make in horse racing between max loss and profit. - Say 10 races 5 winners +2% - 2 at Scratch - and 3 losses at 2% ? -- or 8 x 2% win and no losses. You cant win them all of course but what strike rate would a £200 a day professional have.
Key thing from Peters comments and vids is that it's little and often with no real distinction between scalping or swinging etc, just play what you see. Nick a few easy ticks, move that breakeven line away, and then playing with other peoples' money takes the pressure off.
Thing about advice in general is it's such a dirt cheap commodity that it's being taken for granted, in reality it only takes a few moments to give it but can take years to truly apply it, which is normal as the advice is often based on years of experience, and ironically it's only mostly valued by those who don't need it anyway. Such is psychology, people have a real problem with free advice, they would rather pay for it in order to take it seriously as that way they attach some apparent value to it. But text is a poor medium to convey advice, and video isn't much better, it's far from a real conversation although it's probably the best you can get.
If this were a forum full of lawyers and not traders, then I'm sure advice would be valued very differently. So advice can only go so far and you shouldn't blindly accept everything you see or hear either, I think best way to do it is to make your own mistakes and learn that way, as that way you have your ultimate proof, but not everyone has the time to take the scenic route or the mental fortitude. You can be clever and build on the work of others, but still have to go through the whole journey and make all of the same mistakes.
That being said, people don't always need or want advice even though they appear to be asking for it, sometimes they just need to vent or need a bit of encouragement or a sympathetic ear, and I sympathize with OP and understand his frustration.
At the end of the day it's only one market and the ego has to be reminded of that sometimes, plenty other markets out there to find your niche, the exchange offers enough variety to suit most of us, and many good traders are useless at certain markets etc. Besides, a seemingly tough market can always be revisited later once your skillset is better equipped to deal with it.
And logically speaking, if you can't win a single tick consistently (scalping), then maybe you shouldn't be able to consistently win 20 ticks in one swing. You gotta start somewhere, no real shortcuts to consistency, many traders started from scalping as finding the safest scalping positions can often be the safest swing positions as well, if you take a moment to think about it.
I feel that logic is something that can easily get lost in such emotionally driven markets.
If this were a forum full of lawyers and not traders, then I'm sure advice would be valued very differently. So advice can only go so far and you shouldn't blindly accept everything you see or hear either, I think best way to do it is to make your own mistakes and learn that way, as that way you have your ultimate proof, but not everyone has the time to take the scenic route or the mental fortitude. You can be clever and build on the work of others, but still have to go through the whole journey and make all of the same mistakes.
That being said, people don't always need or want advice even though they appear to be asking for it, sometimes they just need to vent or need a bit of encouragement or a sympathetic ear, and I sympathize with OP and understand his frustration.
At the end of the day it's only one market and the ego has to be reminded of that sometimes, plenty other markets out there to find your niche, the exchange offers enough variety to suit most of us, and many good traders are useless at certain markets etc. Besides, a seemingly tough market can always be revisited later once your skillset is better equipped to deal with it.
And logically speaking, if you can't win a single tick consistently (scalping), then maybe you shouldn't be able to consistently win 20 ticks in one swing. You gotta start somewhere, no real shortcuts to consistency, many traders started from scalping as finding the safest scalping positions can often be the safest swing positions as well, if you take a moment to think about it.
I feel that logic is something that can easily get lost in such emotionally driven markets.
I have no idea why that post isn't stickiedgazuty wrote: ↑Sat Jul 03, 2021 3:55 amI've also put out some of what i know - viewtopic.php?f=17&t=23699
Probably his Magnum Opus in more ways than one 
Hi xtrader16,
Interesting thread. I won't attempt to give you any trading advice, as I'm not a profitable trader, but just wanted to comment to highlight the importance of using clear and precise terminology when asking a question.
On page 5 of this thread you said 'I will challenge anybody to make £150 for 3 consecutive days with a £500 account. It cannot be done. I doubt anybody will prove me wrong'.
Then on page 6 you said '£150 in a day with a £500 bank risking say 5% per race max thats ...fingers and thumbs.....£25 max to make £150 profit.'.
Moving the goalposts somewhat there by introducing the 5% risk- clearly the latter would be extremely difficult cf. the former, given you might average a small return of eg 2% on initial stake/liability per trade, as others have alluded to. So I would agree with you in that sense, but of course others with much larger banks can use much larger stakes, whilst still staking sensibly as a % of bank.
Personally, I stake 20% of my bank per trade as profit/liability (maybe others might think that too high but that's a separate question), but of course the risk is only a % of that (notwithstanding a betfair outage etc which would put the entire stake at risk).
Good luck,
Maturin
Interesting thread. I won't attempt to give you any trading advice, as I'm not a profitable trader, but just wanted to comment to highlight the importance of using clear and precise terminology when asking a question.
On page 5 of this thread you said 'I will challenge anybody to make £150 for 3 consecutive days with a £500 account. It cannot be done. I doubt anybody will prove me wrong'.
Then on page 6 you said '£150 in a day with a £500 bank risking say 5% per race max thats ...fingers and thumbs.....£25 max to make £150 profit.'.
Moving the goalposts somewhat there by introducing the 5% risk- clearly the latter would be extremely difficult cf. the former, given you might average a small return of eg 2% on initial stake/liability per trade, as others have alluded to. So I would agree with you in that sense, but of course others with much larger banks can use much larger stakes, whilst still staking sensibly as a % of bank.
Personally, I stake 20% of my bank per trade as profit/liability (maybe others might think that too high but that's a separate question), but of course the risk is only a % of that (notwithstanding a betfair outage etc which would put the entire stake at risk).
Good luck,
Maturin
I think it might've been a joke
