Today's Horse Racing

[ShaunWhite]

...and another one

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[Dallas]

Once you identify the money runner the rest is easy

.....and it won!

[Naffman]

Are these builders still in the bookies Shaun?

[ShaunWhite]

Are these builders still in the bookies Shaun?

lol doesn't look like it, 2:00 didn't show the same pattern.

I thought it was worth a mention cos a lot of traders have never even been in a bookies. They think the whole thing is driven by the prawn sandwich brigade on their computers.

[Niko]

That does lead nicely into a question I had about the market. If the market is formed by punters and then a load of traders come in and start trying to make money how can the punters keep the market on track?? Who is now reacting to who??

[spreadbetting]

Traders are always reacting to punters money, in general they're not clued up enough to have an opinion of their own and certainly not one they're prepared to risk their money on.

[ShaunWhite]

I think it's formed by the bookies and usually kept sensible by the value seekers. There's a limitted amount of people and funds in each category, bookies, punters, arbers, value seekers, traders etc and that's why it's so interesting to see how the battles unfold.

[Trading96]

Traders are always reacting to punters money, in general they're not clued up enough to have an opinion of their own and certainly not one they're prepared to risk their money on.

Traders start off by reacting to punters money generally, but then it becomes traders reacting to traders money to keep the move going, until it becomes so short or long that sharp money opposes it and the traders all pull their cash out.

[ShaunWhite]

..and when the punters dry up.....nobody has a clue where it should go ->
(14:35 Extr)

[Niko]

Was my point!! Was looking at the gaps in the dogs last night and when a move is on and then a sudden 50 or 100 comes in it stops and can reverse. Can't think that's punters??

[spreadbetting]

How would traders playing against each other work? Where 's the money to leech so they get paid? There are many reasons why markets move but they aren't trader driven, individual traders may well create 'noise' within the markets getting in and out but they certainly don't dictate the overall directions

[ShaunWhite]

A good deal of that noise is caused by Dallas and his battle bots. He's creating a virtual robot wars

[LinusP]

How would traders playing against each other work? Where 's the money to leech so they get paid? There are many reasons why markets move but they aren't trader driven, individual traders may well create 'noise' within the markets getting in and out but they certainly don't dictate the overall directions

Your assuming that all traders are profitable..

[spreadbetting]

I'd be surprised if the unprofitable traders are playing with stakes large enough to influence the markets on a long term basis.

[Trading96]

I'd be surprised if the unprofitable traders are playing with stakes large enough to influence the markets on a long term basis.

Presumably you have to apply that to punters as well,... There is a big range where it makes sense not to back or lay outright (due to commission) so at these prices it has to be traders influencing the market. (or it's punters taking unprofitable long run positions).