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  1. Yesterday
  2. Pippin

    Daily profit plan

    I can only speak from my experience as an "ex" pro poker player (I am new to trading); but the advice mirrors the sensible advice already given above. I cannot tell you the amount of times I have seen people lose hundreds, and even thousands of dollars chasing a measly $10 because it would mean hitting their preset target of say $100. Chasing losses is even worse as I'm sure you know. I played if the conditions were right to sit down and play. In other words, if I had an edge in the game, I would play, and I would continue to play as long as that edge existed, regardless if I was losing or winning.
  3. shreik

    Greetings from Russia

    I bet on the predictions of verified tipsters
  4. Last week
  5. zitlor

    Newbie's 6th month

    Thanks @Tomas I started with realistic expectations so I'm very pleased with the slow but steady progress I've made. I've no doubt I'll need the full 2 years I gave myself from the start if I'm ever to progress onto making real money in the big boys playground of UK horse racing. Time will tell but I've really enjoyed it thus far so I'm happy to patiently wait and see what happens.
  6. Tomas

    Newbie's 6th month

    So you have cracked it, congratulations! I think that more people would be interested on how you are doing in the future. Any future updates are still welcome
  7. Jay28

    Daily profit plan

    STOP! STOP! STOP! STOP! - Seriously stop right there! Goals and targets are a really really bad idea, goals just create emotion. This is because you are going to either excel or under achieving simply due to variance in the short term, this doesn't matter how good your strategy is... Ever professional trader know this! Trading and advantage play of any type, is NOT about short term goals, win and loses!!! It's about the long term! In the long term, variance will always even itself out due to the law of big number. If you focus on the short term you will let your emotions rule (due to winning or losing short term) and this will in turn cause you to make emotional errors and be a lot less focused and less successful than you could of been.... I would recommend...... Turn your balance off, don't even look at it. Trade to your best of your ability according to your strategies and Never break your given strategies rules. Do this for at least a thousand trades as a bare minimum and in that time just try not to lose money. Protect your bank at all costs..... if you do this, the profits will come to you....what those profits are, will then depend on your mindset and not the market.
  8. zitlor

    Newbie's 6th month

    This may be my final entry in this blog series as I'm unsure if I'm still a newbie at this stage though I've only yet completed 1/4 of my learn to trade journey as I gave myself 2 years at the beginning. It's taken 6 months to reach an overall profit from trading. That is I've now won back the small amount I lost in the first 2 months the few times I ventured out of training mode, some minor expenses, and the lifetime subscription to Geekstoy which I opted to pay for from the start.
  9. Tommy

    Greetings from Russia

    Hello Shreik, welcome to sports trading exposed forums 🙌 I hope you will enjoy your stay and share your progress and successes with us because if you persevere long enough they will come to you that is for sure 🙂 You mentioned betting background. Do you just place bets based on stats or are you doing matched betting?
  10. Earlier
  11. zitlor

    Daily profit plan

    I don't set any targets. I simply try to be as consistent as I can. If I have a winning streak I don't increase my stakes because I know my results will regress back to my mean in time and likewise if I have a losing streak I don't decrease my stakes because again I expect the results will go back to my average wins to losses ratio.
  12. Jay28

    Cross Matching

    It makes absolutely no sense to me, why does the software display a bet against inself like that??? There's a couple of good videos that Peter Webb did to explain cross matching, here:- and here:- However, I'm confused as this doesn't seem to relate to whats happening in the original picture. Sorry i'm not try to be awkward, i'm just trying to understand. All the best Jay.
  13. Tomas

    Early Odds Trading

    I have never did this early trading but I have seen other people doing it. So yes - everything is possible, as long as the price is moving up and down, there is a room for profit. Every trader has to find what suits him best. If you see a potential/edge in this area, go and do it.
  14. Tomas

    Daily profit plan

    Personally, I don't use plans or goals anymore. I just do my best in every market and I accept the result. Sometimes, pushing too hard to reach the goal does result in making too risky decisions. I only focus to act according to my rules in the market. If I act according to my rules, the result is usually good.
  15. Tomas

    Greetings from Russia

    Hello @shreik, thank you and welcome!
  16. Tomas

    Cross Matching

    It's because the software does display cross matched bets like this.
  17. shreik

    Early Odds Trading

    I have already seen a lot of charts for racing. Almost always at the start of the chart there is a sharp drop in the odds on all horses. This is very similar to the pattern - the market opens, bets on horses come in and prices fall relative to the original prices. Then the questions are: 1) Is it realistic then at the start to simply bet against the victory of the horse and then get a good profit on falling prices? 2) If the first is real, then how do you know when to open bidding for a race?
  18. shreik

    Daily profit plan

    Вопрос к Томасу и другим участникам. Вы ставите перед собой цель - заработать так много и остановиться? Например, у нас есть план по увеличению банка на 50 долларов США на 4%, ежедневный план заработка на 2 доллара. В среднем, есть 20 гонок в день, что означает, что на каждую гонку вам нужно зарабатывать 10 центов. И как только торговля на гонке приносит 10 центов или более, вы можете сразу же хеджировать прибыль и переходить к другой гонке. Имеет ли это смысл в такой финансовой стратегии или лучше всего использовать каждую гонку? Тогда в какой момент лучше остановиться на каждой гонке и вообще на торговой сессии? ------------ Question to Thomas and other participants. Do you set a goal - to earn so much and stop? For example, we have a plan to increase the bank by $ 50 by 4%, a daily earnings plan by $ 2. On average, there are 20 races per day, which means that for each race you need to earn 10 cents. And as soon as trading on a race earns 10 cents or more, you can immediately hedge profits and move on to another race. Does this make sense in such a financial strategy or is it best to use every race? Then at what point is it better to stop at each race and generally at the trading session?
  19. shreik

    Greetings from Russia

    Hello! I apologize in advance for my English - Google translator is my best friend so far ... I am from Russia, on the forum you have here so far only one member has seen from our country. But there are many from Ukraine and Belarus. I’m not a stranger to betting - for almost two years now it has been working quite well with bookmakers. But I decided to try scalping and generally trade on the betting exchange. Some experience already exists in this matter. He studied some materials from Kaan Bera - it is very difficult to understand. There is also a major scalping video training from another author. But with Thomas everything looks much easier and more accessible. So I'm starting to get used to it! Thomas, separately you respect for the challenge where you increased your bank 50 times in a month !!! It is very cool!
  20. shreik

    shreik

  21. Jay28

    Cross Matching

    I'm not so sure, I can't understand why cross matching would of occurred in the picture, my reasons being:- 1. At these odds and only 2 possible selections as shown (if this is a tennis match then 2 players) the book would not of gone under 100% on the back side or over 100% on the lay side which has to happen to trigger cross matching, also, it would take a huge bet to bust the over-round which isn't shown in the picture. 2. To my understanding cross matching does not match with itself like this. It fulfils a bet when the over-round of 100% is broken by doing the opposite bet across all other selections. i.e. part of a huge back bet on selection 1 placed at 1.9 would become a lay bet of selection 2 at 2.1 as this is essentially the same thing. I would love for you to explain why you think cross matching has occurred here because if it has, my understanding of cross-matching is incorrect! All the best Jay.
  22. Tomas

    Cross Matching

    I do that as well, but the true reason is cross matching.
  23. Jay28

    Cross Matching

    HI Guys, I often match my own bet in a gap in the market exactly like what you are seeing . My reason is simply, to qualify for Betfair video - Could this be the reason? All the best Jay.
  24. Jay28

    Jay28

  25. Sardo

    Sardo's pre-race trading bonanza

    Lots of trading today. I don't know what happened with the -2.05. I don't remember losing that money trading, sure I would have noticed, when I checked my P/L at 16:00 I saw it and wondered how that got there. Perhaps it was an un-hedged positions than went in-play. When trading starts to get volatile towards the end of pre-race I close the ladder and move on to the next one. Apart from that, it went well today, shame to end the day with a loss.
  26. Sardo

    Sardo's pre-race trading bonanza

    Agreed. My approach has been to trade the UK horse-racing well in advance of in-play. By ten minutes to go things are getting too hot for me and I am off. Thanks for the welcome, I shall take you up on your offer of help = )
  27. zitlor

    Sardo's pre-race trading bonanza

    Hello and welcome @Sardo I started as a complete novice to order flow trading last June and for the first 2 months stuck largely to practice mode as I was rubbish. I switched to real trading in the 3rd month as I started breaking even. I found patience and discipline were the key to improvement - not pressing the button until the set up I was looking for manifested itself. I thought the low liquidity market of US horse racing very helpful then as it moved more slowly than greyhounds and this gave me a chance to study how markets moved without feeling so panicky. US horses also has the advantage of video without placing a real bet. I was then able to start trading greyhounds regularly and have been making a small but steadily increasing profit ever since. It's now almost 6 months and I'm still on quiet small stakes and have barely touched my ultimate destination of UK horses yet as I feel low liquidity markets are easier to learn on once you get used to them. I'm taking a conservative approach but it's saving me blowing my bank as so many newbies do. Anyway good luck if you've any questions that I can answer I'll try to help.
  28. SomeBloke

    Sardo's pre-race trading bonanza

    That's pretty much how I trade at the moment, just taking a few ticks at a time, when I'm more than 50% confident that the market will move in a certain direction. Whether you scalp or swing trade, there is always the chance that someone will drop a big bet into the market, and move the price 10+ ticks up or down. Sometimes this goes in your favour, sometimes not.
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