'position in queue' feature

[rjay1000]

Hi - 'total newbie, maybe a really daft question, but is there a PIQ (position in queue ) feature on either the grid or ladder interface. Is it not very helpful to see where your bet is in the queue waiting to be matched? I noticed on another suite of trading software that they make a big issue of PIQ - is it possible to see graphically on Bet angel trader where your bet will sit in the queue to be matched?

[ShaunWhite]

PIQ can only ever be a guess, you can make a rough estimate based on the money matched but what about trades ahead of yours that are withdrawn?

There's no point having a feature unless it's accurate info imo.

[Dallas]

I agree with shaun, its more of a gimmick rather than of any real value, especially since Betfair introduced XM its made it impossible to show a PIQ with any useful accuracy

[rjay1000]

Thanks to Shaun & Dallas - 'appreciate you both taking the time... i find it all a bit confusing at the moment, maybe it's the same for everyone initially? 'must admit though, 'starting to feel thicker than usual.... I'm looking at all this info everyday, and wondering if there's ever a light bulb moment. Any comments would be vastly welcome..

[Dallas]

http://www.betangel.com/forum/viewtopic ... 17&t=14317

[Euler]

We have looked at and tested all the algorithms that people have used for a position in queue and found them to be lacking. You encounter the same sort of problem you do in practice mode or a derivative of.

[LeTiss]

PIQ has never been accurate. I always make a note myself when entering a trade, as to what has been matched on that selection and how much was in front of me. However, you never know how much gets cancelled, and XM has just made it impossible for BA to include as an accurate piece of equipment

[ShaunWhite]

Thanks to Shaun & Dallas - 'appreciate you both taking the time... i find it all a bit confusing at the moment, maybe it's the same for everyone initially? 'must admit though, 'starting to feel thicker than usual.... I'm looking at all this info everyday, and wondering if there's ever a light bulb moment. Any comments would be vastly welcome..

I'm absolutely not making any judgements about you (as I see you've been a member since 2012) but as a general observation, most(?) people drawn to trading and most people in general, have previously had jobs that don't take a lot of learning or training, maybe some sort of collage qualification or a short apprenticship. Afterall why would a vet or a barrister or a surgeon want to sit at home and grind out less in a week than their daily or hourly rate?

But learning to trade is for most regular people a long process that requires dedication, discipline, self-study and practice, for months and months and months if not years in some cases. Even then only 5% reach the grade. It's harder in that respect than the professions I mentioned.

So, when I see comments like "i find it all a bit confusing at the moment"...."same for everyone initially?" ..."I'm looking at all this info everyday"...and "if there's ever a light bulb moment" (and you're not the first/last to say those things) I worry that people are massively underestimating the size of the project they're taken on and the very small chance of it succeeding.

Would they make these comments if they were a year into a docterate or a PhD ? Euler, LeTiss, Dallas (and many others) have put more effort into getting where they are than your average GP or lawyer, if they make it look easy, then that's testiment to their skills, not how simple the job at hand is.

Have a study/progress plan that spans at least a year fulltime (1500hrs), all technical and psychological aspects, take it slowly step by step, don't move on until you've passed each milestones, and you might, might make it.

I'm no expert though, I'm only about 6 months (time spent not time elapsed) into my learning and so far rate my chances at no better than 50/50.

[ruthlessimon]

But learning to trade is for most regular people a long process that requires dedication, discipline, self-study and practice, for months and months and months if not years in some cases. Even then only 5% reach the grade. I worry that people are massively underestimating the size of the project they're taken on and the very small chance of it succeeding. I'm no expert though, I'm only about 6 months (time spent not time elapsed) into my learning and so far rate my chances at no better than 50/50.

Great post

[ShaunWhite]

But learning to trade is ...

Great post

Sorry, I missed you out of the list of notables

[ShaunWhite]

I've decided that learning to trade is most like learning to play the guitar by watching youtube.
It's basically just wiggling your fingers and it looks easy when done by a pro but.....it takes years to get good and hurts like hell when you're a beginner.

[Bluesky]

But learning to trade is for most regular people a long process that requires dedication, discipline, self-study and practice, for months and months and months if not years in some cases. Even then only 5% reach the grade. I worry that people are massively underestimating the size of the project they're taken on and the very small chance of it succeeding. I'm no expert though, I'm only about 6 months (time spent not time elapsed) into my learning and so far rate my chances at no better than 50/50.

Great post

+1

[ruthlessimon]

Sorry, I missed you out of the list of notables

lol, I spend more time watching videos of races, than the live markets themselves. The only active notables in my mind are Euler & Dallas

[rjay1000]

Thanks again guys - impressive responses. Interesting link re 'light bulb' moments. Well worth a read for any Newbie. I'm particularly impressed that people share and try to help... and Eular, thanks for taking the time, Bet Angel looks brilliant... just got to learn how to use it, so ploughing through your vids, (they're brilliant too)

[glen10]

only been full time myself for four months now, i find having structure to my day along with lots of self discipline is the way for me. im at the computer from 8am, reading, watching videos, just learning and trying things right up till the start of racing. then ill put into practice or trial things all day and a lot of the time go through the evening cards as well, learning, learning and learning! just dont be in a rush to make big bucks yet, i collected over 8 months of stats for a strategy that i only put into play with real money 3 weeks ago!!! dont get down if something doesnt work, find out why and keep moving forward even if you seem to move backwards a lot, if you see what i mean! i also seem to have developed a craving for stats!!!! anyhow, good luck with your trading and just keep learning and developing.