Whenever I hear traders tell me, "I don't have any opinion, I just trade price action." I always smile. The trader is an idiot!
Andy Newton 1,435
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Man of Mystery 1,214
One of the hardest things to do in trading is to win after losing. A losing streak can be triggered by a number of factors.
Man of Mystery 1,083
It is really easy to fool ourselves into thinking that we have the best Betfair trading methods. Just don't bet yourself up!
Man of Mystery 971
Managing losers is useless and as betting exchange traders we should only focus on managing winners. Find out why?
Man of Mystery 893
Trading is and always will be a game of controlling losses. Some traders are simply a bankruptcy waiting to happen.
Man of Mystery 1,258
Betting exchange trades depend on how well you answer one question. Everything else is commentary.
Man of Mystery 1,103
Value bets? What do we really do as traders? When you strip away everything we end up with just one thing.
Man of Mystery 2,871
But always use a stop loss. It closes out a position or trade automatically should the price move a number of ticks against you.
Man of Mystery 1,372
What's better? Taking many trades that have a reward to risk ratio of 1 to 5 or taking many trades that have a ratio of 5 to 1?
Man of Mystery 669
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Man of Mystery 1,150
You can be patient with your entries or you can be patient with your exits - but you can't be both. Be selective on price.
Man of Mystery 715
Emotions can have an impact when trading. Nothing says rejection like a stop out. It triggers so many horrible fears.
Man of Mystery 1,161
Volatility stops? Equity stops? Who are we kidding? Do you either chase the move or fight the market?
Man of Mystery 1,234
Selection trading is simple? All you need is a strategy with positive expectancy and the discipline to follow it?