Educated Scalping / Hybrid style

My first two years trading were spent as an out and out scalper. Very rarely would I hang on for 4-5 ticks profit/loss. It gave me a great feel for the market and always being "in the money" kept me focused and almost in an auto-pilot mindset. I never monitored graphs or trends and would only use instinct to decide where I could get in and out with little risk.

Maybe I started to peak as scalper or the markets became more suited to another style. Either way I had to change the way I monitor a race and look at the bigger picture, not just the favorite.

Looking back at some recent videos i can see how I've developed a Hybrid style where I can scalp and make small swing trades based on the increased market information i now use. Here's one from last week. Not a massive profit but done with very little risk.

Not Just for Sport

With nearly 600k matched on the X Factor 2009 winner market after just one live show anyone with an opinion can now have a serious punt on this years batch of wannabee pop stars.


Coincidentally it was my Mum who asked me to put a bet on the X Factor for her over 4 years ago.
After searching an odds comparison site i noticed Betfair's price was the most competitive. This is where it all began for me.

Footage

I'd been wanting to make some videos of my trading for a while but since returning from holiday I'd been struggling to get back into the action and have therefore been focusing my attention on that. The markets are pretty tricky at the moment. Ive had to reduce activity slightly and not commit too much to a trade as its much harder to get out if I get it wrong.

I recorded some footage of my trading yesterday and it was interesting to watch it back. I was kicking myself at times where i could see myself hanging on too long and being too greedy. It reminded me that i still have a lot to improve on.

This video was from the 17:25 at Carlisle. I chose this one as it shows both swinging and scalping techniques on the favourite. I tried to record the full screen  but my fossil of a laptop couldn't cope and was freezing up on me so I had to reduce the recording window. I also missed the start of the action here Im a Camtasia novice.