Thread: betfair
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Old 12th August 2007, 02:27 AM
Chrome Prince Chrome Prince is offline
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Join Date: Jan 1970
Posts: 4,432
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The best advice I can give you is this...

10 one tick trades are much better than one 10 tick trade, when actually trading.
There is less exposure to a bad result.
Sit there looking a five ticks, eight ticks, nine ticks profit, only to see the price plummet and you'll loose all confidence.

Be prepared to lose a tick and get it back later, a price seldom goes straight up or down, as long as you minimize risk, there's always later or the next race. Stick with a losing trade and it will bottom out on you.

When you're running out of time, don't keep trading, lock in your profit, that extra trade under pressure will always be the one that eats up all the profit for the race.

The voice of experience
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