I'm finding it difficult to read the trend in such volatile markets. At the moment I'm trying to get filled on small price spikes and taking a tick or two profit but the price often runs through me resulting in a big loss.
Any advice please?
Any advice for trading volatile jumpy markets like Chelmsford City?
Hi Enza, welcome to the forum.
It's not a good idea to take one or two tick profits in a volatile market - it's like backing 5-1 on shots, a small profit when it goes right and a big loss when it goes wrong!
I reduce stakes and aim for bigger swings in very volatile markets. If your stake size is small and the market goes against you you can afford to be more patient and give the market more time to reverse.
Good luck.
It's not a good idea to take one or two tick profits in a volatile market - it's like backing 5-1 on shots, a small profit when it goes right and a big loss when it goes wrong!
I reduce stakes and aim for bigger swings in very volatile markets. If your stake size is small and the market goes against you you can afford to be more patient and give the market more time to reverse.
Good luck.
-
- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
Remember you don't have to trade every race, if it doesn't suit your style of trading take a break and wait til another race comes along. If you still want to try spotting trends in those type of markets turn your refresh rate down as it'll lessen the effect of the 'noise' in the market.
-
- Posts: 443
- Joined: Wed May 18, 2016 1:24 pm
Some very helpful advice in the previous posts, Enzo.
As Spredbetting said, you don't have to trade every race and if you are new to this, there is nothing wrong with just sitting there and watching the markets. If you can use a screen recorder to capture what you are watching, even better.
It does take time but once you've sat through a high volume of races, you will start to see patterns developing and can then trade based on what is happening.
Best of luck with it.
Iambic
As Spredbetting said, you don't have to trade every race and if you are new to this, there is nothing wrong with just sitting there and watching the markets. If you can use a screen recorder to capture what you are watching, even better.
It does take time but once you've sat through a high volume of races, you will start to see patterns developing and can then trade based on what is happening.
Best of luck with it.
Iambic
-
- Posts: 2
- Joined: Tue Aug 28, 2018 5:42 pm
Thanks for taking the time to reply everyone