https://community.betfair.com/general_betting/go/thread/view/94082/28009185/trading-questionI'm new to trading, using a small bank to try and learn some techniques. I'm trying to find out how to put in a stop loss for my trades. Do i need software to do this or is there a way to use stop loss when placeing a trade. Cheers for any help.https://community.betfair.com/general_betting/go/thread/view/94082/28009185/trading-question?post_id=502480893#502480893If it ain't broke---Thu, 14 Jul 2011 15:57:32 -0500https://community.betfair.com/general_betting/go/thread/view/94082/28009185/trading-question?post_id=502477721#502477721FINE AS FROG HAIR14 Jul 11 00:42 Joined: 12 Mar 07 | Topic/replies: 3,230 | Blogger: FINE AS FROG HAIR's blogYou see I'm not a trader at all.Change your ways FAFH. I promise you'll thank me for it (and I don't mean trade horses).Thu, 14 Jul 2011 15:20:13 -0500https://community.betfair.com/general_betting/go/thread/view/94082/28009185/trading-question?post_id=502476937#502476937Hmm, some interesting replies, and thanks to ye for your heip. I dont have time to sit at my computer all day so im looking at placing bets and laying off to make 10% minimum. Obviously prices can go the wrong way, hence my question.Thu, 14 Jul 2011 15:12:28 -0500https://community.betfair.com/general_betting/go/thread/view/94082/28009185/trading-question?post_id=502412913#502412913I can never seem to be able to reflexively react in the manner required. That is betting high/laying low is the same as buying low/selling high.The latter reaction is reflexive, as it is for everybody ( except perhaps to former communists who never eWed, 13 Jul 2011 22:05:21 -0500https://community.betfair.com/general_betting/go/thread/view/94082/28009185/trading-question?post_id=502412601#502412601Btw I once had lupus.An extremely nasty, degenerative type disease.All cured now thankfully.Although come to think there may be some residual issues associated with the trading side of my brain ?.Wed, 13 Jul 2011 21:55:40 -0500https://community.betfair.com/general_betting/go/thread/view/94082/28009185/trading-question?post_id=502412449#502412449Btw homolupus please, please ignore my last post to you.I was obviously totally p!ssed when I posted it, as it is quite supremely idiotic.I hang my head in shame.I bet some ( most) on here would now be hoping that I do try my hand at trading, most esWed, 13 Jul 2011 21:52:20 -0500https://community.betfair.com/general_betting/go/thread/view/94082/28009185/trading-question?post_id=502411313#502411313To answer your question, some of the third party software products allow stop losses.Although IMO, stop loses are for mugs.Wed, 13 Jul 2011 21:27:16 -0500https://community.betfair.com/general_betting/go/thread/view/94082/28009185/trading-question?post_id=502398421#502398421You see I'm not a trader at all.Let me understand.If I bet at ( say) 2.0 and put in a lay offer at ( say) 3.0 on a keep bet basis, then I will get stopped out immediately at a major loss ?Wed, 13 Jul 2011 18:42:32 -0500https://community.betfair.com/general_betting/go/thread/view/94082/28009185/trading-question?post_id=502395193#502395193Frog, not quite. You can only put in a stop loss later when the odds have shifted, otherwise whatever you put in as opposite will get matched immediately with best execution (rather complicated positions excluding). Some of API software offers this,Wed, 13 Jul 2011 17:50:33 -0500https://community.betfair.com/general_betting/go/thread/view/94082/28009185/trading-question?post_id=502391089#502391089I'm not a trader in any form or manner.But surely if there is a keep bet option on an event, then that would serve your purposes ?Wed, 13 Jul 2011 16:54:31 -0500