Waching daily Nov 4 2018

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trial so when you first start trading it's very tempting to sort of just go in

all guns blazing you've probably seen some videos on YouTube you've seen a few

or people giving you hints or tips or you've read a webpage that's telling you

about a particular strategy and you just launch yourself into it it's quite a

natural thing to do but the process of actually trading properly it takes a

little bit more thought and consideration but if you break it down

into its component parts it's quite easy to understand precisely what you should

be doing and how to proceed safely now what you see in a video behind me here

is somebody that sent me a video of many years ago now actually I can't remember

exactly what it was but they gave me a demonstration of their trading and

saying what am I doing wrong so other than the first click on this

particular sequence of trading there's almost nothing that is correct about the

way that this market is traded and the reason I'm showing you this is to

contrast it with something that I've shown you in a minute which shows you

really what your approach to trading should be on this particular video we're

looking at some scalping and you can see here that this chap has placed a

backorder at 5.9 and then he's laid a position back in it 5.8 but almost

immediately after that first click I'd say that pretty much everything is wrong

with the way that this market has traded initial entry looks okay but the trade

management the money management the stake management all of the things

related to the trade itself sort of deteriorate more and more as this

particular trade goes on however this is pretty much how I see a lot of people

trade it's very common to see people make this mistake and I remember some

come into the office once and saying to me what am I doing wrong so he did a

little bit of trading for me and he said can you tell me what I'm doing wrong I

said yeah no it's really simple so I walked over to him and then started

attacking him basically and pushing him around the chair and punching him and

and he it was like what are you doing and I said that's what's the market is

doing to you in the markets completely bullying you and pushing you around and

you've got to stop letting it do that you've got to go in with a trade with a

clearly defined objective and then you you know exit that trade and then you

can perhaps repeat that process again but what you're seeing is going on in

the video behind me has basically completely the opposite there's no

concept of a clean entry a clean exit and of the management of the position

there are just lots of positions going into the market there appears to be very

little structure to this particular trade and you can see dumping in

position here because it's gone very wrong we're only using 10 pound stakes

but you know were down five or six pound and then at towards the end of this

video which is what I wanted to show it to you you can see what happens at that

particular point then basically you can see just lots of random clicking at this

particular moment of time I'm not trying to be funny or derogatory to the person

that did this video because this was them doing their first bit of trading

they're clicking around all over the place there's no particular sense of

management in terms of the way that the position should be taken to the market

and manage thereafter and eventually degenerates into just loads of random

clicking and I say that's 90 percent of the mistake that I see brand new traders

make there's no structure to this trade at all there's there's no concept of

managing a position or pist particularly what the objective is in this particular

trade so what we'll do now is we'll have a look at exactly how you should really

do this particular trade so we're looking at the ladder interface here

we've got a load of runners on the screen so where should we start in terms

of trying to create a sensible trading plan for trading this market well the

interesting thing is actually you should and start on the ladder screen you

should start in Guardian because if you look at all of the markets that are

going through over the course today the next race up at the moment is going to

be a maiden they've got a maiden hurdle a novice handicap purple some handicap

races and you know and if you look at what's happening on the screen you can

see that they're all different and you know that's the thing about the markets

is that no two markets are the same so if you use generic strategy generically

in generic markets again I wind up with a generic result so part of the process

that you need to go through when trading is to look at the markets and understand

you know are there markets that I like that I don't like that I get on with it

I don't get on with and you structure your trades around there now to start

with you're gonna have to probably trade all of them but you'll quickly learn

which sort of types of behavior that you like within the markets and the way that

they behave and if there are some markets that you do or don't like so

when I first started trading this was the approach that I did was go through

all of the markets understand what's in front of you and then see if you can

start to see some repeating patterns and the first repeating pattern I saw was

that some markets I kept losing money on and I just thought I'm gonna cut those

markets out I'm not going to actively trade those markets so yeah you know if

I apply the same market if it's a market the same strategy to each one of these

markets I'll get different results and that's

not because if you're trading ability and that's because each of these markets

is slightly differently backed slightly differently so that's where you start is

you start looking at the markets you start beginning to form a plan around

what you're gonna do in each one of those markets so let's have a look at

the next one that's coming up and we'll see if if there's something that we can

do here so it may be that you know you look at this particular market

you saw say I recognize this and I don't particularly like the font well and

other characteristics and therefore I'm not going to deploy the strategy in this

market or maybe you have like five strategies and your role as a trader is

to then match that strategy to the market so you'll look at this market and

you'll sort of say okay I think I recognize you know what could happen in

market and therefore I'm going to deploy a certain strategy so your approach

should be to look at the market understand the general theme that's

occurring within the market and then deploy scratched unit that you think

will match that particular range of activity so we can have a look at font

while here we can have a look at the chance to give some sort of longer-term

idea of what's going on so can you see here the price of the favorite started

it two in half it's come in to about two and it's going back out and there was

some unusual activity in the market at this point but you can see the trend on

this is for the price to generally go out now at some point this will probably

get value and the trend will flip around and then we look at I mean it's an

unusual market for this spike that's occurring so I'm gonna have a quick

flick through but can you see even now we're beginning to form an opinion on

what's likely to happen in this market or why well that's something unusual has

happened so maybe that's something unusual is a warning sign so perhaps not

trade this market but you can see the the favourites going out the second

favorite is coming in and so those two are interacting quite heavily the third

favorite is sort of not going anywhere so immediately you begin to see that

there's interaction on the front too if you think you know what's going to

happen on those you can actively trade those or perhaps on this occasion we

step down to the third favorite and decide because that's behaving a bit

more rationally that maybe we'll have a look at this one it's near a crossover

point there's another factor that you may want to take into account so I'm

going to switch on global settings on the ladder I'm going to do an offset bet

on here we're going to offset it by one tick we're going to do a fill or kill

bet for 30 seconds so that will hold the order in the market for 30 seconds and

when that order gets matched it will offset that position for us and I'm

gonna do it would use small stakes when you're learning to trade it's better to

be a little bit experimental and to you know use small stakes while you learn to

understand the way that the markets work so we can see there's been a little bit

of money here for this particular runner you can see it's traded a low down here

I'm just try see I mean is there's a mixture you know

so we're near the lower end of the trading range here so in order for the

price on this one to go out we want these two to come in the favorite has

received a little bit of backing sport remember me saying the prices going out

but it's probably rich values that's going to come in and the opposite is

happening to the second favorite but let's put a trade into this market what

I'm going to do this is touching new territory down here at this particular

moment in time so I'm going to pop a little trade down here you can see it's

been matched and offset by bet angel but you can see that at the moment were

slightly at a small loss on this particular selection so what should we

do now now what you see a lot of traders do is just completely panic at this

particular point and start swapping and changing things around so they're trying

to dig out a position from here they're trying to make this position work

particularly well for them so they'll start modifying things chasing but at

that point then the price is very often flips back and goes in the other

direction so the trading process from a proper perspective is you open a trade

you set a boundary around that trade and then that trade completes or it doesn't

complete and you end up having to take a loss

so the decision that I've made here on this particular trade is that the price

has been backed in quite a bit it's near the low end of its trading range however

I'm sort of expecting that the price is going to go up so I'm not going to panic

when the price moves against me but I would be entering the trade and then

looking further down here and saying at this point I would probably close trade

and can you see it's completed so we have successfully done that trade so do

we think that the position is ready for us to do that again yeah I think we

could probably do that again so I'll put the position into the market potential

has offset it for us automatically and then we have to wait for that position

to change so can you see what I'm not doing is going in all guns blazing

trying to get this trade to complete desperately hoping to get a profitable

trade I'm sort of saying right this is what I'm going to do this is how I'm

going to do it and then we'll wait to see what the outcome is the market

doesn't go in a straight line the market meanders and wobbles and all over the

place so you can see we're getting close to getting that position

but we still don't have that position matched but you know we would look down

here and say okay what do we think is a tolerable loss do we think if the price

gets down to here that we're going to have to take our position out but you

can you see that favourites drifting again second favourites coming in those

two are interacting but everybody's forgotten about the third favorite so

you can see we've been matched again so you know do we think we're ready to go

again around here well maybe we don't want to put it in where the current

price activities maybe you want to put it down here where reasonable amounts of

money has been matched using a fill of order it's perfectly possible to do that

because Bettinger will offset that position we can even put one in above it

as well so I can take my hands off the keyboard bet angel will get that matched

offset the position for us and you can see that it's it's done it again for us

so hey presto there you go there's a couple of trades yeah you know we've

gone through or modified for you so can you see how would in complete control of

this position the favourites gone rocketing off the top of the chart of

the ladder the second ribbons have gone rocketing

off the bottom but we're just sort of going well you know you get on with that

we don't care what you're doing we're gonna do our own thing we're gonna look

at it in a methodical manner and we're gonna deploy a strategy and we're gonna

actively manage the strategy let's have a look at the chart as a favorite again

so there you can see this is where the price came in and then it's shooting

back out again we look at dalek you can see that it drifted out slyly and then

it's being heavily backed in but the net effect of the two is to just put a

tidbit of gentle pressure on the third favorite here we've you know I haven't

traded this aggressively you can see I've been quite passive deliberately to

contrast the previous video that you've seen but what I'm doing here is that I

could have traded this more aggressively and got more trades through I could have

held the position for longer I could have spread that the exit position pout

over a wider range of prices you probably see me do that on other videos

but I'm trying to do here is simplify the process for you to say that if

you're starting to train then this is effectively as the way that you should

trade you need to be in control of the trading process you need to say this is

what I'm going in this is where I feel uncomfortable but I'm going to give it

some time for this position to get matched down

you don't put a trade in there all that's gotten terrible let's throw a few

more orders in and then change your mind as it moves to ticks against you and

then when sir price goes up you suddenly

realize you know you don't do that you don't let the market bully you go in

with a clearly defined strategy you deploy that stretch and you can see

however I would have traded this whether I was going in and then closing my

position now or putting repeated bets in this would be a perfectly good trade

so you've seen me look at the market to start with you see me execute a plan in

control almost hands-off you know I haven't had to do much on this

particular position didn't trade it particularly crisply you could have done

this just as easily and now that we're heading up to post time all I need to do

is hedge that position we've got a profit on that particular runner and if

I click on the hedge button up here then that will spread that profit across the

field and we've made some money and you can see it wasn't particularly stressful

on the market didn't beat me up it was very clearly defined we could have

traded that in a number of ways whichever way we would have traded that

it would have been profitable

you

For more infomation >> Betfair trading - Here is how you should really be trading on Betfair! - Duration: 14:31.

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There's No Reason For This To Be Where It Is - Duration: 4:05.

[Echoed] where was I?

[echoed] being within a structured space

[Silence]

pull and fold and pull and gasp and pull pull and cloak and pull and grasp and

pull and clench and p

[distorted] It's a different 4 walls, but it's the same old shape as always

[distorted] You ask me to re-home myself, ensconce myself

in a faded, frayed, grey room with tangling thorns and

[echoed] We have decided not to die [distorted] drawers that won't close

[quiet] without it can be painful contorting ourselves to a non-existent shape.

trying to find our form within the empty (enclosed) space:

*we* build our space: we trap and hold others within shapes that do not even

fit ourselves, do not even mould to the contours of our own skin, yet we wrap

others in a structures, alienating them from us and themselves.

[distorted] This psychotic attachment to a room is unhealthy, unfruitful, holding me down

[distorted] I cannot tie my/the joy to another place, for I cannot leave this one

[distorted] clearing the dust trails, rather than following them

[echoed] Reversible Destiny

[echoed] cleaving

[echoed] bodying

[echoed] imaging

[echoed] we have decided not to die (communally)

[echoed] Women are eternal, energy without mass. You don't know exactly its direction

[distorted] My/the room isn't big enough and my/the flat isn't big enough

[distorted] and my/the top of the hill isn't big enough either.

[distorted] The sky isn't high enough for me.

[distorted] My body is too small for me

[distorted] Need to go up, up, up, and out, out, out.

Without it it can be painful contorting

ourselves to a non-existent shape, to a void slate of freedom.

At least when wrapped in a mould we are held by something.

[distorted] Forever be in my/this very own/sole space, that no one can invade.

[quiet] we have decided not to die

[distorted] I must learn to be happy here.

For more infomation >> There's No Reason For This To Be Where It Is - Duration: 4:05.

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TV Legend Norman Lear: Andrew Gillum Is A Giant Talent In Politics | AM Joy | MSNBC - Duration: 6:34.

For more infomation >> TV Legend Norman Lear: Andrew Gillum Is A Giant Talent In Politics | AM Joy | MSNBC - Duration: 6:34.

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WHAT IS FASHION? || Milan Fashion Week Vlog 1 (EN SUBS) - Duration: 7:00.

We've just arrived in Milan

after getting up super early. And then we almost got only one seat

on the plane, because Kim's booking was "on hold". But as you see

we made it. We are in Milan. And we are super tired. But no time to relax, we will

get our 10000 pieces of luggage and check how to drive into the city.

And I made it into the city! We landed at 9 am this morning, now it is 2 pm

and as you can tell, it took us quite a while to get to the city from the airport.

Now I am on my way to the first appointment of the day, but we already missed three events today.

And I am not all alone by myself, I am here together with Hannah. She will be here

in Milan with me as well and since we have to hurry a little bit

I would say, that I will talk to you later. We have to find the way to the appointment

and get a coffee somewhere on the way and maybe we will also get something to eat.

The first appointment is finished and, of course, it took longer than expected.

That's why I won't make it to another appointment. I have to go back to our accommodation now

to get changed and meet up with Kim and Caro

because we have to take some pictures for a campaign together and I hope that I will make it

to one last event today, that goes until 7 pm.

Now it is almost 5 pm, so I got some time left.

And other than that I don't know what we will do today. But guys, I am so exhausted and it's just the first day.

I've been running around all day and didn't have anything to eat but breakfast

and even breakfast wasn't a proper one and you guys know how I am, when I don't get

anything to eat. It's no fun!

That's why I hope that I can grab something to eat once we are done with taking pictures for

the collaboration.

We got changed, styled and now I need better light.

Now we are ready for the - Aigner Show! -

Let's go!