Trading Videos

Help, advice and trading in technicolour
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mugsgame
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Joined: Wed Mar 25, 2009 11:41 pm

Wainwright wrote:Really appreciate what you're doing Mugs, thoroughly enjoying the vids & the blog - great stuff :D
Glad you like, makes it worthwhile :)
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mugsgame
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Groovyelms wrote:
mugsgame wrote:I know you fellas love watching others make complete fools of themselves, so I decided to treat you to a laugh.
My Youtube channel is http://www.youtube.com/user/MGEducational

Please keep the abusive comments to a minium :mrgreen:

I have to say I watched them back from behind the sofa. Didn't realise how sloppy I had become. Scared me to death!

I am inspired by the Adam Todd videos from way back. Possibly the best betfair trading videos ever made. I have them saved somewhere. brilliantly funny. He doesn't swear as much as me though :)
Anyone else seen his vids?
Thanks Mugs, very usefull, informative and appreciated. Adam todd was really funny in some of those old vids...
keep up the very good work
luck to all groovy
His trading was crap, but I loved his banter. I swear way more than him though :oops: :oops:
Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

mugsgame wrote:I know you fellas love watching others make complete fools of themselves, so I decided to treat you to a laugh.
My Youtube channel is http://www.youtube.com/user/MGEducational
Brilliant!

BTW, what have you done to that angry guy who use to chew out newbies? Was he visited by three ghosts at Christmas or something? :lol:

Jeff
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mugsgame
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I wasn't that angry.......was I? :)
Iron
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You came across as pretty angry sometimes! :lol: But sometimes people don't come across as intended when communicating online. When I was at university, I used an online debating forum, and a mate of mine once said something to me like 'You're alright Jeff, but Ferru's a ****!'. :lol:

Anyway, it's water under the bridge. :)

Jeff
mugsgame wrote:I wasn't that angry.......was I? :)
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mugsgame
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Joined: Wed Mar 25, 2009 11:41 pm

I put a video up showing my Bet Angel graph settings. A couple of people asked me about them so here is the link.
http://www.quiteamug.co.uk/education ... -up-guide/

I am getting lots of questions about Bet Angel. So I am very happy to promote this great product to the "outsiders" lol
Iron
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Joined: Fri Dec 11, 2009 10:51 pm

Hi Steve

Just been watching a couple of your videos.

Am I right in thinking that your style is generally to trade with the trend, trading fairly low priced horses and letting your profits run whilst cutting your losses?

Jeff
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mugsgame
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Ferru123 wrote:Hi Steve

Just been watching a couple of your videos.

Am I right in thinking that your style is generally to trade with the trend, trading fairly low priced horses and letting your profits run whilst cutting your losses?

Jeff
Basically, yes. But it's a bit more instinctive I guess. My entry/exit points appear more random than they actually are. But trying to explain in detail every discussion while your processing all the info coming in is very hard.
Watching back the videos myself has been very worthwhile. It's hard not to be over critical in hindsight.
I think the whole process is fairly simple really, but it's easy to get bogged down this the mechanics of it. If you look at a graph of all the horses in the race before you start, which gives you a snapshot of the market. You can see roughly where things may go. It's certainly not foolproof. As there are so many random variables.
I think you have to find you niche and what works best for yourself. This way seems to work ok for me.

When I get a chance I intend to take a video and break it down into tiny pieces and try to explain properly exactly whats going on. Think that will be a good exercise to go though and may help some.
Iron
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Joined: Fri Dec 11, 2009 10:51 pm

Thanks Steve.

If you get a race that is better suited to scalping than swing trading (say, one where the fav is trading at 6.0 and none of the key horses are trending strongly), would you give the race a miss?

BTW, it's interesting to hear you expressing uncertainty in your videos about what the market will do next. I think some people assume that pro traders have some secret knowledge that tells what will happen next (or manipulate the market to make it conform to their will!). And as I am full of uncertainty and conflicting thoughts sometimes, it's reassuring to know that I'm in good company! :lol:

Jeff
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to75ne
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just stumbled on your blog, superb. dont know how you find the time and motivation but, glad you do. hope it goes well in the future. :)
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mugsgame
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Ferru123 wrote:Thanks Steve.

If you get a race that is better suited to scalping than swing trading (say, one where the fav is trading at 6.0 and none of the key horses are trending strongly), would you give the race a miss?

BTW, it's interesting to hear you expressing uncertainty in your videos about what the market will do next. I think some people assume that pro traders have some secret knowledge that tells what will happen next (or manipulate the market to make it conform to their will!). And as I am full of uncertainty and conflicting thoughts sometimes, it's reassuring to know that I'm in good company! :lol:

Jeff
Sometimes Jeff, it it so obvious what will happen. Mostly there are so many variables you give it your best guess and then manage that position. If you control your losses and get the best out of the ones you get right it sort of works out.
I am not interested in trading in this style at anything bigger than maybe 4, mostly I like between 1.6 - 3. I find heavy odds on difficult, I'll struggle at the festival, I usually do. But I still love it.
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mugsgame
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to75ne wrote:just stumbled on your blog, superb. dont know how you find the time and motivation but, glad you do. hope it goes well in the future. :)
Cheers :) It does take lots of time. But the focus it gives is of great benefit to me. I have gone though periods of stagnation. This blog has rekindled my creative side. My head is crammed full of new ideas for stuff to share. Problem is the summer and my bike. I have been in hibernation for so long :)
rogerlisa
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Mugs
I am going to pull you up on something now. A while back me and you exchanged views. Me being new and you experienced - remember! Why didnt you just say watch my videos and if you can grasp the concept you may make a few bob? The videos are a great insight but I need to watch them a few times for it all to sink in. One thing though put your mouth closer to the mike as I have my pc turned up full and still cant hear you very well. Great job it will really help, the main reason being that it makes it sound complicated (as it really is if you havent done any trading before)where as Peters makes it sound easy and doesnt really show what disasters can happen. Nice one :P
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mugsgame
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Joined: Wed Mar 25, 2009 11:41 pm

rogerlisa wrote:Mugs
I am going to pull you up on something now. A while back me and you exchanged views. Me being new and you experienced - remember! Why didnt you just say watch my videos and if you can grasp the concept you may make a few bob? The videos are a great insight but I need to watch them a few times for it all to sink in. One thing though put your mouth closer to the mike as I have my pc turned up full and still cant hear you very well. Great job it will really help, the main reason being that it makes it sound complicated (as it really is if you havent done any trading before)where as Peters makes it sound easy and doesnt really show what disasters can happen. Nice one :P
Sounds dead loud on mine :)
It is complicated. There are lots of variables going on. Anyone who has tried to crack ladder trading will tell you it isn't easy. I am trying to break it down as much as I can. But trying to give out skills that took years to learn is not easy. Peter makes it sound easy because he is the master. He has a completely different style to me. There isn't just one. way you can make it work. Plus he is way more eloquent than I am. Good luck mate.
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mugsgame
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Joined: Wed Mar 25, 2009 11:41 pm

rogerlisa wrote:Mugs
I am going to pull you up on something now. A while back me and you exchanged views. Me being new and you experienced - remember! Why didnt you just say watch my videos and if you can grasp the concept you may make a few bob? The videos are a great insight but I need to watch them a few times for it all to sink in. One thing though put your mouth closer to the mike as I have my pc turned up full and still cant hear you very well. Great job it will really help, the main reason being that it makes it sound complicated (as it really is if you havent done any trading before)where as Peters makes it sound easy and doesnt really show what disasters can happen. Nice one :P
Sounds dead loud on mine :)
It is complicated. There are lots of variables going on. Anyone who has tried to crack ladder trading will tell you it isn't easy. I am trying to break it down as much as I can. But trying to give out skills that took years to learn is not easy. Peter makes it sound easy because he is the master. He has a completely different style to me. There isn't just one. way you can make it work. Plus he is way more eloquent than I am. Good luck mate.
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