Crash my Bank 1 Trade gone wrong very Painfull

[Betrunkener]

Im start about 2 monath ago with Trading with a Bank of 100$ and make over 600$ with Trading.

Some days ago gone 1 Trade wrong and I lose over 500$ with 1 Trade.

I back 40$ on a Horse 10minuts before the Race starts who had a 12 odds to win. It gone wrong and the odds gone higher. The where was in under one minute on 15.5 and I don't want lose many money. I waiting and hope. The odds gone high to 20 and it was 30 sec. before starting the race :ee

What to do? I wait and hope.
The race starts and the odds gone high to 25 or so after 20-25 seconds after the race was starting. I lay 40$ on 25.5 odds.

And whats happen?
Some seconds latter:
There odds jump on 14 and a little bit latter to 9.X :Boom:Arragh:


I hope that the horse don't wins but the odds gone down to around 2.5
:Arragh:
After that the odds jump to 5-8 and down to 1.9 :Boom:Boom:.... 1.2 :Arragh:
and the ****ing horse wins and I have a bank who under 50$ and a make deposit and I hope that this never happen I gone.

I make there ****ing mistakes.

In play trading and much more.

This very easy to say what to do. But it's not every time easy it to do (don't in play trading and so).



What you doing that the trade don't gone so wrong.

[doubleback]

So you backed $40 @ 12 and it went out to 15.5?

(40 * 12) / 15.5 = $30.96

$40 - $30.96 = $9.04

$9.04 or $500, What would you rather lose?

Take The Funking Red @ 15.5,

Simples............

I know it is hard to take the red and it may seem unnatural but consider the bigger picture..........

[Betrunkener]

I backed on 12 and layed later in play on 25.5 and the Horse won.

40*12= 480
40*25,5= 1020

and some other bets

[doubleback]

I backed on 12 and layed later in play on 25.5 and the Horse won.

40*12= 480
40*25,5= 1020

and some other bets

You should have just taken the 15.5 and not let it go in-play if that is not your strategy,

don't think about what would have happened, you need to take red in the same way as you take the green,

at the end of the day if you have more green then red then you are a winner,

be a winner, not a sinner............

[Cran]

If you only have a $600 bank it's probably not a good idea to be opening trades with a $500 liability?

[shadowninja]

When hope comes into your strategy, it's time to stop trading.

[Temujin]

Your strategy should be to red/green out in the one bet. Your trade back should never have been 40 in the first place. Use the hedge trade back and you wouldn't have had to make a 3 bet trade. 2 bets is all you need to do, obviously it is 50% more efficient to trade this way anyway.

[Betrunkener]

what hedge trade back?
what 3 bet trade?

[LuckyYou]

what hedge trade back?
what 3 bet trade?

When You are in a losing trade and you are in a losing possition instead of going in the ladder to close the bet - just hit the big red number up on above the ladder! This will spread your bet and you wont lose 500 if this horse win, but 200 no matter which horse will win. But you can avoid all this thing with a simply
NEVER GO IN-PLAY action

People learn from their own mistakes - smart people learn from the mistakes of the others.

[Paolo]

Betrunkener Believe me, most traders finish as you, early or larely. I know who made much more than you and then lost everything.

[Betrunkener]

I used it. But I don't know that name for that. I doing it only to green

I know it and its very simple to say never go in play. My problem is, that I often go in play. And it gone often good but not this time.

How can I learn from mistakes of the others? Where can I find more mistakes from the others (not in play trading searching for other mistakes).

[doubleback]

I used it. But I don't know that name for that. I doing it only to green

I know it and its very simple to say never go in play. My problem is, that I often go in play. And it gone often good but not this time.

How can I learn from mistakes of the others? Where can I find more mistakes from the others (not in play trading searching for other mistakes).

Well it seems that your strategy now factors in going 'in-play',

I would say that you find it hard to take the red??

Am I right or am I right??

Go into training mode, trade pre-race,

don't go in-play but make a note of how many trades go green and how many go red,

write the amounts down,

if your tally produces more green trades then red

then you know that by taking the red you will overall be in the green,

if you have more red than green then there is something more fundamentally wrong with your trading

that needs attention such as entry points....

[Portman]

I did it 5-6 times before learning this: if you like to trade in play you must start trading when the race starts, using very short stakes engaging a maximum of 10-15% of the personal bank.
If you like to trade pre-race: ***NEVER GO IN PLAY***
Only the best and experienced traders can trade both market status without mixing strategies, for beginners is too difficult, choose one.

[luckynumberslevin]

You can learn from all the advice above OR you can embrace the dangers of life and earn your pot of gold that way. Choices choices hmmmmmmm.

[LuckyYou]

I used it. But I don't know that name for that. I doing it only to green

I know it and its very simple to say never go in play. My problem is, that I often go in play. And it gone often good but not this time.

How can I learn from mistakes of the others? Where can I find more mistakes from the others (not in play trading searching for other mistakes).

Who said you are smart to learn from mistakes of the others? You are the one who is making mistakes and learning from his own mistakes. Or you are even dumb to make the same mistakes again ?Try not to go in-play. I am on a trading mode but I am starting very soon real trading. Even on a trading mode I do not enter in-play - no sense for me. In-play = lose for me. At least now, with this lose you wouldn't worry for Premium charge for a long time Maybe if you try to read what we are writing we may charge you