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 Oh, new video for everyone new to trading: Betfair trading - ramblings of a scalper - ...

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Old Mar 19, 2013, 12:30pm   #51
 
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Re: Sports Trading: the £20 challenge

Quote:
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, 4:56pm   #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, 10:41pm   #53
 
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Re: Sports Trading: the £20 challenge

Keep up the good work, watch out for degenerates!
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