Still confused about the way Peter uses back/lay bets

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FlawedLogic1
Posts: 2
Joined: Mon Feb 12, 2024 12:16 pm

In the majority of his videos Peter seems to be using Back bets (clicking on the numbers in the lower left of the ladder) to go long in the market and vice versa with lay bets to short. However I thought that I was supposed to be Laying to go long by clicking on the empty boxs in the bottom right of the ladder (adjacent to the price you would like to buy) to place lay orders and then clicking in the empty boxes in the top left to place those back orders to the sell or lay the bets. Would appreciate it if someone could clarify this for me, thanks!

EDIT: Just to add to this, when I click the back numbers in the bottom left it instantly places an order at the next available price no matter which price I click in the ladder however when Peter clicks a number in that area it places a buy order that stays until the price hits it. (The only way I can get an order places in the lower section is by clicking the lay (right side) of the screen.
Space&Time
Posts: 17
Joined: Wed Aug 09, 2017 11:44 am

Peter uses a reverse ladder as most I believe most do.

https://youtu.be/Z9AMS4aNv-w?si=gqANNn3WnoMYSiVq
FlawedLogic1
Posts: 2
Joined: Mon Feb 12, 2024 12:16 pm

Space&Time wrote:
Tue Feb 13, 2024 8:11 am
Peter uses a reverse ladder as most I believe most do.

https://youtu.be/Z9AMS4aNv-w?si=gqANNn3WnoMYSiVq
That makes total sense :lol: I thought i was going mad, thankyou!
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Kai
Posts: 6233
Joined: Tue Jan 20, 2015 12:21 pm

Personal preference really

Use whatever makes most sense to you, to get used to it quickest

For me it made sense to use back side on the left, with back money on top pushing the price down
Fugazi
Posts: 310
Joined: Wed Jan 10, 2024 7:20 pm

It is one of lifes great mysteries. Why Peter designed the software himself then uses the reverse function.
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