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  • Originally posted by 1/4 of a millionaire fund View Post
    Stop losses generally cost people money in the long run at the best of times you should be grateful it's not included in the multibet especially in running when false odds are flipping around all the time.
    Yea, but still it's good to have it as an option. To use it or not - it's up to you.

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    • Jaysus, I just checked in and now we are botting instead of betting.

      Catastrophic week last week as indicated, but I have not lost this week, not profited but not lost. Took a lot on board and still say it is simple, back high, lay low.

      Simple it is, easy it's not, all the problems are in my behaviour, have tempered them and trying to be more mature (ironic for a 43 year old?), succeeding this week, but have had many false dawns.

      I will report back when the next seismic event happens, be it good or bad. Let's hope it's good. Seismic for me would be a day like tomorrow with multiple small trades of both profits and losses. A profitable outcome would be nice but, I wouldn't complain if I had multiple trades with a small overall loss.

      I'm not "learning to trade" as I believe 80% of people on this site know how to do the mechanics and the other 20% will learn fairly quickly, I learning to act like a trader, I hope.

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      • PC, don't let the off topic conversations distract you from your journey.

        I believe your task as stated in the first post is where you mind should be. I was hopping to see some updates of your struggle so we all can back you up to success (mentally I mean )

        Are you being able to keep discipline? Closing the week with no loss can be seen as a win... Taking in account what I've read from you and some of my own past experiences.

        Keep up the good work and stay focused in the task you've set. Don't trade thinking "if I bust no worries, there is always next month" ...and some more quid to deposit... I know I used to

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        • Originally posted by RManPT View Post
          Don't trade thinking "if I bust no worries, there is always next month" ...and some more quid to deposit... I know I used to
          Thanks mate, you summed it up perfectly.

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          • PC0845 i think if you back forts you get more leverage for your money. I think maybe you should try 1 tick offset and just hammer it when a big move is on

            I can send you my graphs set up via the cloud if you want, see how you get on??

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            • Originally posted by PC0845 View Post
              I'm not "learning to trade" as I believe 80% of people on this site know how to do the mechanics and the other 20% will learn fairly quickly, I learning to act like a trader, I hope.
              That's the thing - learning a strategy is the easy bit. Learning the technique of trading is easy. Learning to control yourself is the hardest bit. That's why I love trading. It's like training/fitness/weight control - what stops you is not some outside factor; it's you.

              Comment


              • i have cranked up my old bot ....

                17 bets -- 6 winners which gives +23 points so overall +12points to level stakes which includes a run of 6 straight losers.

                im testing it with £2 stakes and will keep cranking it up as im using a bank of 5%.

                i can set a profit target or stop at a number of winners or losers ... would love AGT to have this option

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                • Originally posted by dvwooly View Post
                  PC0845 i think if you back forts you get more leverage for your money. I think maybe you should try 1 tick offset and just hammer it when a big move is on

                  I can send you my graphs set up via the cloud if you want, see how you get on??
                  Please do, I also have multiple setup's but at the end of the day, it's about behaviour, I think.

                  Cloud em and I'll try, and vice versa of course if you'd to see any.

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                  • Originally posted by PC0845 View Post
                    Please do, I also have multiple setup's but at the end of the day, it's about behaviour, I think.

                    Cloud em and I'll try, and vice versa of course if you'd to see any.
                    send me a PM and i'll explain how i use them

                    Comment


                    • Originally posted by PC0845 View Post
                      Please do, I also have multiple setup's but at the end of the day, it's about behaviour, I think.

                      Cloud em and I'll try, and vice versa of course if you'd to see any.
                      That's the spirit , chop and change as often as possible. A couple of hours ago you were saying you understood the mechanics just needed to start acting like a trader

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                      • a bit harsh that!!

                        maybe he is just rying to find a style to suit him. i have a problem sitting waiting once i am in the market so i use 1 or 2 tick offset.

                        i just got involced in that last dundalk one at 3.6 and it went down to 3.0 ... if i has waited i would have won a decent whack but i just 1 tick offset all the way down the trend ... just the same as sitting and waiting but it suits me better

                        Comment


                        • Originally posted by 1/4 of a millionaire fund View Post
                          That's the spirit , chop and change as often as possible. A couple of hours ago you were saying you understood the mechanics just needed to start acting like a trader
                          Correct, I have about 15 different setups stored, but it doesn't mean I use em all, as with all charts they tell you what has happened, not what will happen.

                          Prices move, and the more I watch it, the more I think it is pretty useless to predict the direction, all I know is that a move usually happens after a mini period of inactivity, back it or lay it , take your choice, but if you are wrong, get out, and fast.

                          Regarding harshness, he is correct, if I am not willing to take others opinions on board, I shouldn't go on a forum and ask for them.
                          Fie away 25%, that's why we are here.
                          Last edited by PC0845; 30 November 2012, 09:46 PM. Reason: addendum re harshness

                          Comment


                          • Originally posted by dvwooly View Post
                            i just got involced in that last dundalk one at 3.6 and it went down to 3.0 ... if i has waited i would have won a decent whack but i just 1 tick offset all the way down the trend ... just the same as sitting and waiting but it suits me better
                            Ha ha, I just got involved in last in Dundalk, laid the fav @ 4.0, didn't move and I got a bad feeling so I scratched, 2 minutes later he is 5.3, that kinda sums it up.

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                            • Originally posted by PC0845 View Post
                              Correct, I have about 15 different setups stored, but it all I know is that a move usually happens after a mini period of inactivity, back it or lay it , take your choice, but if you are wrong, get out, and fast.
                              you can see all that on a chart that i have

                              i can't attach photos to the PM so if you PM me i'll send you my email address and i can explain how the charts work. I hope it will help you out and be able to have the probabilities on your side when you enter a trade.

                              nothing is 100% but if it is 56% in your favour you should win after commission

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                              • Originally posted by dvwooly View Post
                                a bit harsh that!!

                                maybe he is just rying to find a style to suit him. i have a problem sitting waiting once i am in the market so i use 1 or 2 tick offset.
                                I always find it's best to be blunt when there's money involved rather than giving someone a consoling pat on the back/chin up type post.

                                Fancy looking setups aren't going to win anyone money and switching strategies every other race aren't either. If what you do isn't working you spend time finding out why, not moving to the next fad. You'll soon start to see regular patterns occurring and learn more about how markets behave if you put that time in when things aren't going the way you want rather than when they are going your way.

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