Another topic made me curious to know what you think and I welcome all users to vote.
If you feel I have missed something out feel free to comment.
For those who have voted other. If you have a spare 30 secs would be greatfull to know what it is.
What is the hardest skill of sports trading
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SeaHorseRacing
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Last edited by SeaHorseRacing on Sun Mar 05, 2017 11:59 pm, edited 2 times in total.
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SeaHorseRacing
- Posts: 2896
- Joined: Fri May 20, 2016 7:06 pm
I can see your points. I guess I have listed them on my own previous experience,
From my experience, I used to get really irritated and annoyed when taking a loss. Your right Euler they are the same but from my perspective, I no longer have a physiological issue with accepting a loss. When I close out, its done. But sometimes i still close a little further than I should of, I have a mental stop, I am waiting for information to tell me to get out, but I just dont see it. Its definitely there but I cant see it.
Same with going in-play Dallas your right- Just trying to grasp on other peoples weak points.
Thanks for your input.
From my experience, I used to get really irritated and annoyed when taking a loss. Your right Euler they are the same but from my perspective, I no longer have a physiological issue with accepting a loss. When I close out, its done. But sometimes i still close a little further than I should of, I have a mental stop, I am waiting for information to tell me to get out, but I just dont see it. Its definitely there but I cant see it.
Same with going in-play Dallas your right- Just trying to grasp on other peoples weak points.
Thanks for your input.
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ruthlessimon
- Posts: 2160
- Joined: Wed Mar 23, 2016 3:54 pm
why isn't 'explaining what you do' on this list? i'm sure I saw an old post of peter's, explaining how he was a pornstar! 
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ShaunWhite
- Posts: 10559
- Joined: Sat Sep 03, 2016 3:42 am
For me SHR, at this stage it's - Not letting my profits run. I'm to keen to grab the green.
I keep taking bits of money out and by the time it's gone where I hoped it would, I've only got a few quid left in ! Probably the opposite when it's going wrong, not weakening my position soon enough.
Maybe I should change that to response to - Poor control of the strength of my position ? or Position modulation?
I need better control of the volume knob; when to turn the £'s down and when to crank it up to 11. mmmmm, maybe it's time to get the soldering iron out and build a confidence/position strength knob. I could end up with trading interface like a modular analog synth from the 70s.
A profit-to-pitch converter would be handy too so you could take your eyes of the ladder or leave the room. Sorry, I shouldn't post so late at night 
Peter, did I see you talking about audio feedback on one of your YouTube vids or am I imagining it?
I keep taking bits of money out and by the time it's gone where I hoped it would, I've only got a few quid left in ! Probably the opposite when it's going wrong, not weakening my position soon enough.
Maybe I should change that to response to - Poor control of the strength of my position ? or Position modulation?
I need better control of the volume knob; when to turn the £'s down and when to crank it up to 11. mmmmm, maybe it's time to get the soldering iron out and build a confidence/position strength knob. I could end up with trading interface like a modular analog synth from the 70s.
A profit-to-pitch converter would be handy too so you could take your eyes of the ladder or leave the room. Sorry, I shouldn't post so late at night Peter, did I see you talking about audio feedback on one of your YouTube vids or am I imagining it?
Many of those options are clearly linked to each other. You forgot to add another SHR - not to chase losers, especially adopting a system like Martingale
I think not accepting a loss is the biggest problem, especially those of us who gravitated from being a punter. Those who came here from an analytical background like Peter, seem better placed to accept a loss as part of trading, it's just considered part of the business. However, punters always expect a run for their money - to take a loss on an event before the race or match has even started, is a massive mental and emotional hurdle to overcome - this is what leads to blowing a bank by hoping the price will come your way during the event.
Invariably it doesn't, and you end up doing your bollocks - losing a £250 bank, just because you couldn't accept a £5 loss. It sounds crazy when you put it like that, but gamblers struggle with this more than anything when it comes to trading
I think not accepting a loss is the biggest problem, especially those of us who gravitated from being a punter. Those who came here from an analytical background like Peter, seem better placed to accept a loss as part of trading, it's just considered part of the business. However, punters always expect a run for their money - to take a loss on an event before the race or match has even started, is a massive mental and emotional hurdle to overcome - this is what leads to blowing a bank by hoping the price will come your way during the event.
Invariably it doesn't, and you end up doing your bollocks - losing a £250 bank, just because you couldn't accept a £5 loss. It sounds crazy when you put it like that, but gamblers struggle with this more than anything when it comes to trading
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SeaHorseRacing
- Posts: 2896
- Joined: Fri May 20, 2016 7:06 pm
Been there and done that Letiss. Back on Dec 01st I lost £8 on a Greyhound trade. 30 mins later I was
£400 down.
£400 down.