Hi everybody
recently i have been scalping the correct scores on the ladder interface with some decent success.
my question is, if im scalping the 0-0 score line and i enter a back trade at say 8 and as the game goes on the odds drop giving me some potential trade profit, what would happen if i put a stop loss in a tick above the current odds and a goal is scored and the market is suspended?
would i automatically lose any trade profit or would BA stop the loss at my stop loss?
Paul.
Football trading on the ladder
2 things
1) when the market suspends after an event (goal or sending off) all bets are cancelled and the market readjusts itself. The stop loss would be ineffective as the odds are decaying (going down). As soon as the there is a goal you lose all your profit (and stake if you haven't got a positive position)
2) If you are crazy enough to use a stop loss in this way, 1 tick would be 2 tight, you would constantly be "stopped out" due to natural market progression.
Be careful scalping correct scores, there is no room for error. Try the unders/ over markets. Plenty of liquidity to "get out". Always leave a goal buffer. so 1.5 if 0 - 0, 2.5 if 1 goal etc. If you get caught there is always another opportunity to get out.
1) when the market suspends after an event (goal or sending off) all bets are cancelled and the market readjusts itself. The stop loss would be ineffective as the odds are decaying (going down). As soon as the there is a goal you lose all your profit (and stake if you haven't got a positive position)
2) If you are crazy enough to use a stop loss in this way, 1 tick would be 2 tight, you would constantly be "stopped out" due to natural market progression.
Be careful scalping correct scores, there is no room for error. Try the unders/ over markets. Plenty of liquidity to "get out". Always leave a goal buffer. so 1.5 if 0 - 0, 2.5 if 1 goal etc. If you get caught there is always another opportunity to get out.