But always use a stop loss. It closes out a position or trade automatically should the price move a number of ticks against you.
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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.
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Volatility stops? Equity stops? Who are we kidding? Do you either chase the move or fight the market?
Man of Mystery 1,718
Selection trading is simple? All you need is a strategy with positive expectancy and the discipline to follow it?
Man of Mystery 2,518
Be successful. Today. Every happy trader is different but every unhappy trader is depressingly the same.
Man of Mystery 2,323
Stay focused. Remember, putting in a counter-trade two ticks higher than you just laid could be just gambling, not trading.
Man of Mystery 1,898
Target on Betfair? Many traders average down in their positions as they try to rescue a losing position.
Man of Mystery 2,455
Human nature will always make us dwell on what we just missed out on without appreciating what we've got.
Man of Mystery 4,284
There are points in the Betfair odds system that we call "crossover points". Odds such as 4.00 where the tick below is 3.95.
Man of Mystery 4,403
Algorithmic trading systems have come to dominate the oil market and, increasingly, that is happening on Betfair.
Man of Mystery 13,525
A strategy for consistent profits when trading on Betfair. Do your homework, follow a proven plan and use trading patterns.
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In reality all of your trading on betting exchanges can actually be reduced to two strategies - trend or fade.