Sports Trading: the £20 challenge

This is a discussion on Sports Trading: the £20 challenge within the Trading Journals forums, part of the Reception category; Originally Posted by shadowninja Crikey. Jim Makos has replied to my thread. Am honoured. Seen your YT videos. He is ...

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Old Feb 8, 2013, 9:50pm   #46
Joined Nov 2009
Re: Sports Trading: the £20 challenge

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Originally Posted by shadowninja View Post
Crikey. Jim Makos has replied to my thread. Am honoured. Seen your YT videos.
He is indeed a bit of a legend lol
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Old Feb 8, 2013, 9:53pm   #47
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Re: Sports Trading: the £20 challenge

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Originally Posted by hhaller View Post
Hi shadowninja. I recently got interested in trading through Betfair and this comment of yours really picked my curiosity. I had in mind this idea of developing an automated trading bot too.. I'm pretty confident I have the technical ability, what I lack is the trading system. Maybe you would be interested in making a 'partnership' so we could develop a sofware system that works for the two of us? I know we don't know each other at all, but that could be changed.. Drop me a line if this sounds interesting to you at all!
If you ever to create a bot make sure you include a liability trigger of some kind - there are some pretty infamous stories where traders have lost huge sums of money due to a bot going wrong.
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Old Mar 9, 2013, 11:32am   #48
 
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Re: Sports Trading: the £20 challenge

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Originally Posted by gavind View Post
New to trading right here. What has he achieved so far. I feel dumb asking this.
Check out his youtube videos
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Old Mar 19, 2013, 11:27am   #49
 
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Re: Sports Trading: the £20 challenge

shadowninja started this thread
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Originally Posted by wontgivein! View Post
If you ever to create a bot make sure you include a liability trigger of some kind - there are some pretty infamous stories where traders have lost huge sums of money due to a bot going wrong.
BBC Sport - Betfair 'sorry' after Voler La Vedette in-running betting error

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Old Mar 19, 2013, 11:29am   #50
 
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Re: Sports Trading: the £20 challenge

shadowninja started this thread Oh, new video for everyone new to trading:

Betfair trading - ramblings of a scalper - YouTube
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Old Mar 19, 2013, 11:30am   #51
 
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Re: Sports Trading: the £20 challenge

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Originally Posted by shadowninja View Post
Oh, new video for everyone new to trading:

Betfair trading - ramblings of a scalper - YouTube
Diversifying from the footy scalping
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Old Mar 19, 2013, 3:56pm   #52
 
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Re: Sports Trading: the £20 challenge

shadowninja started this thread
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Originally Posted by China Diapers View Post
Diversifying from the footy scalping
Actually, no. I still prefer to trade football markets for the speed of action - not too fast, not too slow.

The point of using horsey markets is that action takes place far quicker and there's decent volume. There appears to be a heirarchy which is useful to gain experience and understand the life cycle of exchange markets:
1. dog racing - the market grows and dies in about 5 minutes (not much volume, though)
2. horse racing - the market lasts about 2 hours and builds up to rapid movement in the last 2-3 minutes pre-race then it goes kerazy for 1-6 minutes during the race
3. football/tennis/etc - the market can be opened about 2-3 days before the event and the event lasts as long as the match, movement can be crazy but is more sedate during.

So I chose horse racing to help newbies see how one can take advantage of opps and read the market in a relatively short video. Otherwise if I did it in football, it'd take all day.
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Old Mar 19, 2013, 9:41pm   #53
 
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Re: Sports Trading: the £20 challenge

Keep up the good work, watch out for degenerates!
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