Newbie video guide
Instead of producing a video of you trading, why not invite newbies to record videos, send them in, and do a video outlining where they're going right and going wrong?
Jeff
Jeff
Euler wrote:We are looking for some ideas on what sort of videos we should produce to get newbies up and running as quickly as possible. We want to be open minded so have popped this thread up to ask for some suggestions.
Hi Peter,
First of all, thanks to you and the team at BA that've produced excellent videos demonstrating the effective use of the software and basic trading techniques. The collection of videos on http://www.betangel.tv/ are a fantastic guide for newbies to get started quickly.
It would be good to have a video on trading the FTSE 20 mins (Financials - Todays Markets).
I've done my best to sum up some of the key characteristics of the market below:
Thanks,
Switesh
First of all, thanks to you and the team at BA that've produced excellent videos demonstrating the effective use of the software and basic trading techniques. The collection of videos on http://www.betangel.tv/ are a fantastic guide for newbies to get started quickly.
It would be good to have a video on trading the FTSE 20 mins (Financials - Todays Markets).
I've done my best to sum up some of the key characteristics of the market below:
- These markets are slightly ill-liquid like the Greyhound markets
The volatility is extremely high (which would mean a larger degree of risk as well as reward)
No underlying fundamentals to be considered such as player/horse form, ground conditions/going report or even weather forecast
Reasonably easy to play the market because it has only 2 outcomes, it will end either above, or below, the time-stamped price within 20 mins
As the markets go in-play the odds available will be roughly 1.9 to Back and 2.1 to Lay, however as the play progresses the odds will shift dramatically during different time intervals (e.g. first five mins may experience a different level of volatility compared to the last five mins), and it is during such periods where a trader will find an opportunity to Back for > 2 or Lay for < 2
The chances of being correct are presumably 50%, however, you don't necessarily have to be correct to profit from it. You can undertake several small trades in order to profit from the non-trending price fluctuations / volatility
Live price feed can be obtained from several sources on the internet (or an app called 'FTSE' on the iPhone app store available for $3 will provide streaming prices)
- Probability of an outcome
Risk reward ratio
How to find opportunity (in either price value or change in market conditions)
Volatility (which is often mis-perceived as a bad thing)
Liquidity
Staking (Using small stakes is fine, however using significantly above average stakes, may be ok in the horse racing pre-off markets to influence the trend in your favor, but is more than likely to cause self-inflicted damage in the FTSE 20 mins market)
Trading strategies to consider (This market is would be death to scalpers, less suited to directional swing traders, but may be ok for range bound traders
Thanks,
Switesh
How about a video on "how to develop a strategy". So a simple initial idea, then how to automate the idea to collect some data, then how to analyse the data to refine the strategy etc. etc.
Collecting the data seems to me to be a key piece of the jigsaw - I think I am pretty good at collecting data for horse racing, but I would appreciate some fresh ideas on football and other sports.
Collecting the data seems to me to be a key piece of the jigsaw - I think I am pretty good at collecting data for horse racing, but I would appreciate some fresh ideas on football and other sports.
I actually was thinking of something to get newbies started quickly rather than out and out strategies. Something to get people pointing in the right direction quickly. There are so many strategies and opportunties it's impossible to cover quickly. Better to teach something basic and let people build out.
This was actually one of the first markets I ever modelled completely. It's easy to get the model right the joker in the pack is volatility, you only really know that value after it's happened.It would be good to have a video on trading the FTSE 20 mins (Financials - Todays Markets).
Perhaps I'm in the minority on this but I feel that the videos already available on BetAngel TV and YouTube are perfect for giving new traders a hint as to what to look for and how to time entry points, etc...
That eureka moment where it finally starts to click is implicit in the fact that the real learning and progress is made during that first 3/6/9/12 months' worth of interaction with the market(s). Any worthwhile strategy surely has to come from one's own mistakes and experiences. 'He who cuts the wood warms himself twice', as the proverb goes.
That eureka moment where it finally starts to click is implicit in the fact that the real learning and progress is made during that first 3/6/9/12 months' worth of interaction with the market(s). Any worthwhile strategy surely has to come from one's own mistakes and experiences. 'He who cuts the wood warms himself twice', as the proverb goes.
..and measure twice, cut once!mdh2k11 wrote:Perhaps I'm in the minority on this but I feel that the videos already available on BetAngel TV and YouTube are perfect for giving new traders a hint as to what to look for and how to time entry points, etc...
That eureka moment where it finally starts to click is implicit in the fact that the real learning and progress is made during that first 3/6/9/12 months' worth of interaction with the market(s). Any worthwhile strategy surely has to come from one's own mistakes and experiences. 'He who cuts the wood warms himself twice', as the proverb goes.
