Crazy £5 Challenge.

[Keefter]

Keefter, also pointed here from geeks tweet, looks great.

couple of questions from a noob.

What software do you use while trading?

When you are trading in play do you always have a live feed, and if so how do you know you are not viewing with any lag.

Thanks

Seriously?? I use AGT Pro, cheapest and best trading software available, I wouldnt consider using anything else, and I don't say that out of any blind loyalty I say it because its true. I've tried ever other product out there at some point and nothing comes close to being as good.

I use the bulk standard Sky tv Pictures, I already know there is a lag of as much as 3-4 seconds (which oddly does seem variable from day to day and depending on the course) Short of signing up to TTV and SIS and installing a huge satellite dish there really isnt any other option.

[Keefter]

I should add that the delay on Oz races via UK Sky (ATR) is huge, so all the Oz results you see in this thread are 100% Prerace trading

[doubleback]

Plenty of people will disagree with me on this but for what its worth: Traidng is simple, no need to overcomplicate matters, you back higher than you lay or vice versa. I've never looked at a chart or used a stop loss or any of that.

I am a relatively new convert to in-running, I tend to agree that it is simple, the price either goes up or goes down!
I must confess that I use the charts in-running to gauge the pivotal points in a race and I also trade on the favourite only.
Well done and you are right, it is well within the reach of people if you put the hours in, keep up the good work!!
Here are my in-running results for the day (also started from a £5 bank), i'm going to have a beer now and watch the F1 Qualifying!

[1/4 of a millionaire fund]

I am a relatively new convert to in-running, I tend to agree that it is simple, the price either goes up or goes down!
I must confess that I use the charts in-running to gauge the pivotal points in a race and I also trade on the favourite only.
Well done and you are right, it is well within the reach of people if you put the hours in, keep up the good work!!
Here are my in-running results for the day (also started from a £5 bank), i'm going to have a beer now and watch the F1 Qualifying!

[ATTACH]713[/ATTACH]

How could your £5 bank manage to absorb a £25 loss in the fourth race when you'd only won a £5 by then!

[doubleback]

How could your £5 bank manage to absorb a £25 loss in the fourth race when you'd only won a £5 by then!

I didn't start today with £5, I have been having the odd day here and there trading in-running, for the past month or so I have built up an in-running bank.

See this thread.

[LuckyYou]

I didn't start today with £5, I have been having the odd day here and there trading in-running, for the past month or so I have built up an in-running bank.

See this thread.

I can confirm that. He started with 5 and builded it up to 20-25 I saw it. I also think that in-running may be way more easier than pre-race. The market rebounds can be seen better just because the volatilty is greater. I should start this sooner or later. My lag jsut stopped yesterday so I enjoy very profitable day trading football, no matter of low games GJ DB
I wont comment Keefter - he's fine nothing to comment about him

[PC0845]

I didn't start today with £5, I have been having the odd day here and there trading in-running, for the past month or so I have built up an in-running bank.

See this thread.

Hello , you posted a video with your chart settings in another thread (thanks, very helpful) but you seem to have been able to add the label on the trend lines with the current value (red, blue and black I think). How did you do this ?

[PC0845]

I'll try to get camtasia set up so that I can show some IR scalping, I'm not doing anything special, just trying to expose the gaps the market, if there are any and get in and out quickly.

Its like anything, if you do something enough you will inevitabley become okay at it and then eventually good at it.

Did you ever do a video of in running trades?

[doubleback]

Hello , you posted a video with your chart settings in another thread (thanks, very helpful) but you seem to have been able to add the label on the trend lines with the current value (red, blue and black I think). How did you do this ?

In that video I was using something else, so it's not a setting in The Toy that you are unaware of.
Perhaps it maybe one for the Suggestion section as I've had a few PM's asking me the same.

[ReToCs]

I think it's fairly easy to do if you stay focussed... Grow a small bank

Started this friday with 25 and now it's 560 in 4 days.

Just don't go overboard with your stake size and keep focussing, especially InRunning.

Good Luck

[snale153]

I think it's fairly easy to do if you stay focussed... Grow a small bank

Started this friday with 25 and now it's 560 in 4 days.

Just don't go overboard with your stake size and keep focussing, especially InRunning.

Good Luck

But it's much much easier to shrink your bank.

You can start with 560 and shrink it to 25 in less than 4 minutes. And you don't even have to stay focused.

[PC0845]

I think it's fairly easy to do if you stay focussed... Grow a small bank

Started this friday with 25 and now it's 560 in 4 days.

Just don't go overboard with your stake size and keep focussing, especially InRunning.

Good Luck

For the successful ones......
Where is the point of diminishing returns when IR ? What is the maximum stake that can be successfully matched IR (obviously 1.01 wont be a issue) in the range 7.0 to 3.0.

Obviously the potential stake size is much larger with a 560 bank than a 25 bank. Are you growing the stake size with the bank or has it remained consistent ?

[spinebender]

may be a daft question but

Thanks for the congratulations guys. Alot my profit (and losses) come by way of IR, I've been trying to switch my trading to more Prerace and less IR but right now its about a 70/30 split in favour of the In Play trading.

It doesnt take a genius to work out from looking at the screen shots of my P&L that IR markets come with a much higher level of risk, and there are plenty of minuses there to illustrate that.

Building a bank from next to nothing isnt that difficult if you're prepared to put in the time. When I started out all I used was a £50 bank, and when my balance got to £100 I'd withdraw £50 and start again, I did that for a long time, and I had to replace plenty of £50 banks along the way. If you want to build a small bank quickly you need to be prepared to firstly sit for literally hours on end waiting for decent opportunities and secondly be prepared to take some risks along the way. with a bank of £50 you could try looking for swing trades on the favourite, but the favourite is usually at a price where a few ticks with your full bank will not result in much of a profit.

My advice to small bank players is to look at higher priced horses, and try to avoid the favourite if you lack experience, The noise in the market and the level of manipulation will result in most you being tricked into taking a few ticks loss alot of the time.

I'll try to get camtasia set up so that I can show some IR scalping, I'm not doing anything special, just trying to expose the gaps the market, if there are any and get in and out quickly.

Its like anything, if you do something enough you will inevitabley become okay at it and then eventually good at it.

Plenty of people will disagree with me on this but for what its worth: Traidng is simple, no need to overcomplicate matters, you back higher than you lay or vice versa. I've never looked at a chart or used a stop loss or any of that.

i am guessing you build it up your profit when scalping pre race, but i was wondering do you hedge your profit straight away ir or do you try to build up a pot in case it looks like the horse may win. hope that makes sense.

[shadowninja]

But it's much much easier to shrink your bank.

You can start with 560 and shrink it to 25 in less than 4 minutes. And you don't even have to stay focused.

Ah, the old "How do you make £1 million on the stock market?" joke... "Start with £2 million."

[Jambolino]

would really love to see a video of you grinding up a small bank of like £20 or similar

would be good inspiration for someone like me that has just started out with £20 and is trying to take this trading thing seriously.....

....if you can do it, so can i right?!

cheers