Fairly new to trading, need a bit of help with scalping.

[Leftylewis7]

Hi guy's , i'v had geeks toy for a couple of months now but never really got into it, but i'v got the trading bug back and i'v decided to primarily trade and football and horse racing.
With football i'v been trading on the under/over markets and had a couple of small profits as im starting off with £2 stakes.
But with horse racing I'm just too afraid to trade on large price swings, I'v decided too stick to scapling with £5 stakes too start.
I was just wondering, if you guy's would be able to give me a couple of little tips on the scapling , I was gunna stick to 1tick scapling, but Is tha even the right gap to scalp or ???
This is my first post of hopefully hundreds, And I'm really looking foward to discussing loads of trading stuff with you guy's in the future.
Thanks a lot for reading guy's
Gareth.

[wagonmastergeneral]

Hi guy's , I was gunna stick to 1tick scapling, but Is tha even the right gap to scalp or ?

to start off with yes, probably best to stick to one tick. Some people do more so you can always graduate to 2 or 3 later on.

A tip to start off would be to keep your patience and watch the price being traded on a particular horse for a few minutes. Back first when you think the price is too high (expect to get this wrong plenty) and then lay one tick below. £2 stake.

good luck

[Leftylewis7]

Thanks a lot for the reply/advice mate
cool thas ok then, yeh I was scapling earlier and found it a lot easier with 1tick scapling with a lower stake, do you trade a lot or ??
Gareth.

[devomark2]

have you tried scalping using the tick offset set on 1,i use it quite a bit on horses, footy,dogs,and do ok,just be ready though when a market quickly turns on you and goes through you,leaving your offset bet unmatched,just get out as fast as you can taking a small hedged loss,and keep chipping away,using the tick offset can be a bit daunting when trading the fav as the price is usually in the small increment range 0.01-0.02 and can move fast,maybe try the 2nd fav or 3rd,give it a go with £2 trades looking for patterns unfolding,best of luck.

[Leftylewis7]

Thanks for the reply mate, yeh im gunna try it out hopefully tomorow, cause the racing been awful the past couple of days , do you mean in-play footy or???, whats the money in the dogs like, lots matched or ??
Gareth.

[devomark2]

yeah in play footy, pre match footy,and as for the dogs,when the markets have good liquidity i use the offset,but if there is not much money i dont use it,i just put a bet as far away from the last traded price(example)last traded price 5.00 i put a bet in at 6.00 or 6.50 or 8.00 if available on the back side,if that gets matched you know you have a good chance of getting a bet matched (laid) at 5.00,have a look and see how the dog markets behave,start small and if you can get the hang of them they get more and more manageable,not to say i dont get my arse smacked occassionly,especially when chassing losses or getting greedy,or even worse the SUSPENDED sign comes up and you have backed or laid,and havent equalised your trade,then you have to hope the dog loses or wins depending on your situation,so my advice is green up or red up in time.:Naughty

[JohnR]

Hello,

I am still a newbie but I have a question regarding the 1 tick profit.

Example:

We lay a horse @ 3.2 looking to back at 3.25

Current back price is 3.15 when we lay at 3.2 so in reality we need the price to move up by two ticks to make a one tick profit is that correct?

If so, we need a high success rate in order for this to be a profitable technique (in other words, we need the price to move in the right direction by two ticks more than it will go in the wrong direction by one tick)

[shadowninja]

If the price is 3.15-3.2 and you put your lay offer at 3.15 which is the matched you can close at 3.2 for 1 tick. If you take the market price (3.2) then you will have to back at 3.25 to make a tick's profit.

[Caan Berry]

Current back price is 3.15 when we lay at 3.2 so in reality we need the price to move up by two ticks to make a one tick profit is that correct?

If so, we need a high success rate in order for this to be a profitable technique (in other words, we need the price to move in the right direction by two ticks more than it will go in the wrong direction by one tick)

If you was to lay at 3.2 yes. However you dont have to take the available price. you can offer a price at 3.15..... you may have to wait for it to get matched though.

[Nikol]

Scalping is harder these days imo