How much would you give away on here?

[stueytrader]

Saying you are operating successfully in your trading - how much of your operation or process would you offer up freely on here (or similar forum)?

And what are the benefits potentially to discussion?

Just interested to know other's views, as we always operate on a strange mix of selfishness/sharing in terms of our own trading success and discussion thereof.

[Kai]

I think it entirely depends on your level of understanding and experience overall, if it's at a sufficient level then I'm sure you'll notice that a number of posters here and elsewhere are quite open about their trading already and there are no real secrets there, it's more like an open secret instead.

For the unexperienced or unprofitable majority everything can appear mysterious and cryptic like it contains a secret sauce or a hidden indicator or something, while in reality it's been well documented roughly which trading concepts work and which don't, so for the most part people apply the same few successful concepts on different markets in different ways and at different scales.

Ultimately it comes down to you as a trader to decide which markets you like to trade and how, you choose your own variance, depending on your comfort zones and the skillsets you've built through your experience.

[decomez6]

Give away what you can afford to loose

[LinusP]

Opened source my python API wrapper and have recently open sourced a fully functional trading framework, benefits have included:

- Regular communication with betfair, API and premium team
- Opportunities with new API features (streaming/gps/inplay feeds etc.)
- 1k+ member slack group
- Regular PR's / improvements to the code base
- Worked with numerous syndicates and other professionals who have found me because of the above

The final point has been the most valuable and taken me from hobby to pro, without open sourcing I would never be where I am now.

[jamesg46]

Personally I think Kai has summed it up nicely. I've had tonnes of great advice from this forum be it a direct response to my question or something I've picked up from other peoples questions.

As for how much are people willing to give away... well personally speaking everything In regards to pre off trading I've had from Peter, but that doesn't mean I can or ever will be able to operate at the level he does but at the same time I wouldn't of ever got this far if it weren't for Peter... obviously there is the others too that I picked up great advice from but I feel like Peter always went the extra mile to help me... probably wasn't just for me but more likely for the benefit of all but I had some great times on Twitter, times where it almost felt like I was getting a one on one lesson throughout a whole session.

The question you asked has me thinking now & I'm wondering if the trading eco system has to function in a way where it's beneficial to share knowledge?

[xtrader16]

I've given away quite a bit of information on here, more out of personal frustration and failure than anything else. Sometimes I wonder if Peter showed me exaclty what it was he does would I still fk it up. There cannot be much more to trading that I dont know (in fundamentals) but for some reason I still make more losses than profits. Maybe this just isnt for me or go back to In Play trading where I was profitable but risks are too high.

I created a slack room and asked people if they wanted to buddy up, the problem was I was light years ahead of everybody and I learnt nothing. - no offence like. I am actually thinking of starting my own You Tube channel this week and will be putting all my good and bad trades on there for people to see.

[jamesg46]

I've given away quite a bit of information on here, more out of personal frustration and failure than anything else. Sometimes I wonder if Peter showed me exaclty what it was he does would I still fk it up. There cannot be much more to trading that I dont know but for some reason I still make more losses than profits. Maybe this just isnt for me or go back to In Play trading where I was profitable but risks are too high.

I created a slack room and asked people if they wanted to buddy up, the problem was I was light years ahead of everybody and I learnt nothing. - no offence like. I am actually thinking of starting my own You Tube channel this week and will be putting all my good and bad trades on there for people to see.

https://youtu.be/RbHhD5PylAo

[jamesg46]

Learning how to trade is very unconventional in comparison to the process of Learning any other skill, trade or career in general.

I think the process of becoming a pilot highlights this best. After all the theory and hours in a simulator (not doing the process justice) you then have to spend hundreds (maybe more) of hours racking up experience in the co pilots seat.

As traders we get the opportunity to do some courses or watch some YouTube videos but the dark reality is, we don't really know how competent that instructor is themselves. We spend some time in a simulator putting into practice the information we've seen and then we take off on our very own journey. The sad reality is that most people haven't fully understood their objective or had the sufficient education & therefore the only way to learn is from your own mistakes.

Just be thankful your P&L isn't a plane but in all honesty, you have to realise you're the pilot and nobody but yourself can stop you from crashing back down to earth.

Credit to paspuggie, I stole this "chart" from your twitter.

[xtrader16]

I watched that video and there is ALOT of truth in there. My issue isn't with risk, far from it. It is not being able to see the support and resistance over short periods of time and not being able to pivot when things change. I also look to lay the market 80% of the time instread of backing to open a position. This is something I am working on but learnt behaviours are hard to change.

[jamesg46]

I watched that video and there is ALOT of truth in there. My issue isn't with risk, far from it. It is not being able to see the support and resistance over short periods of time and not being able to pivot when things change. I also look to lay the market 80% of the time instread of backing to open a position. This is something I am working on but learnt behaviours are hard to change.

I posted it because strangely it answers your question... when Peter gave someone very clear instructions and they still managed to make a loss. I watched it last night when he posted it on twitter so it was fresh in my mind when I saw your comment.

[Realrocknrolla]

I'd like to give something away that I learned from Peter..

" When you hear that rustle in the bush, it's not going to bloody eat you"

[xtrader16]

I'd like to give something away that I learned from Peter..

" When you hear that rustle in the bush, it's not going to bloody eat you"

Except for the time it does. - If you control your risk you should never be scared of losing money in the market. Over staking is a real issue but then again we are here to make money and under staking can be just as bad when you are right.

Lets assume we have a £1000 account what skate would you use on a Horse that is 2.4 in the market? I'd say £250.

[Realrocknrolla]

I'd like to give something away that I learned from Peter..

" When you hear that rustle in the bush, it's not going to bloody eat you"

Except for the time it does. - If you control your risk you should never be scared of losing money in the market. Over staking is a real issue but then again we are here to make money and under staking can be just as bad when you are right.

Lets assume we have a £1000 account what skate would you use on a Horse that is 2.4 in the market? I'd say £250.

Completely boils down to what type of trade I want to execute.

[ShaunWhite]

I'd like to give something away that I learned from Peter..

" When you hear that rustle in the bush, it's not going to bloody eat you"

Except for the time it does. - If you control your risk you should never be scared of losing money in the market. Over staking is a real issue but then again we are here to make money and under staking can be just as bad when you are right.

Lets assume we have a £1000 account what skate would you use on a Horse that is 2.4 in the market? I'd say £250.

Completely boils down to what type of trade I want to execute.

+1 it's about risk. How many ticks could you lose. So you can stake bigger on a slow moving market than one that might suddenly leave you 10 ticks down. And it's confidence too, stake isn't one number it could be that you select £50 as a preset and then continually add to or reduce your position. It's not the same liability for the duration of the market, Peter doesn't open and close he just adjusts to what he's seeing in the moment.

With a grand in the bank, and not being confident about making money, I'd probably be looking at max losses of about a tenner.

[ShaunWhite]

.... And I'd never have a total exposure of more then 500. One day the worse might/will happen. You'll lose the lot in an outage and if you've only exposed 1/2 then you are still in business after a crash. If you were risk averse then you might want to limit your worst case risk to 1/3.

Genrrally though bank size isn't relevant as that's only a part of what you might be considering as your max investment, so your bank is just your float not the whole of your capital.