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Contrarian
26 Mar 10 09:35
Joined:
Date Joined: 19 May 03
| Topic/replies: 1,028 | Blogger: Contrarian's blog
I notice that there's a lot less bot activity this morning.
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Report Contrarian March 26, 2010 9:33 AM GMT
Definitely something weird going on.
Report Contrarian March 26, 2010 11:19 AM GMT
No one else trading the 20 mins markets?
Report buzzer March 26, 2010 12:00 PM GMT
did nutter punter/northern trader and surfer dude leave the site altogether contrarion?
Report Contrarian March 26, 2010 12:04 PM GMT
Hi Buzzer,

I think they're still around, but I'm not sure. All I know is that they, like me, found it harder a couple of years ago when IG started acting as market makers on here.

They (IG) obviously couldn't make it pay, so gave up the MMing.
Report Contrarian March 26, 2010 2:07 PM GMT
Thanks for the voluminous replies guys.

I expect I'll have to spend the weekend sorting through them.
Report getting better March 26, 2010 2:49 PM GMT
It is a long time since I played the financials. I think I was the first to use a bot on them. Then as people became better at pricing it seemed to become an arms race for those with the quickest feeds.
Betting whether a market goes up or down in an hour or a day seems to me to be a fair some of game with the chance for people to win using their judgment on the markets, off people like me that tried to make markets.
However the shorter the time period (20 mins is very short) the more it becomes like those roulette machines in bookmakers, and more about speed than any judgment.
Report kjfdhj March 26, 2010 3:04 PM GMT
how much is trading on the 20 minutes these days
Report subbuteo master March 26, 2010 3:06 PM GMT
They are still around but betting on other sports. The financials was just ridiculously hard at the end so they moved to a softer option.
Report subbuteo master March 26, 2010 3:06 PM GMT
oops that was a reply to 'did nutter punter/northern trader and surfer dude leave the site altogether contrarion?'
Report Contrarian March 26, 2010 3:09 PM GMT
I agree GB - I think the hourlies were much better.

Unfortunately people seem to be attracted to the shorter time periods, and there is only room for one time period to dominate.

At the moment, the 20 min markets have around £10-15k matched each, but the hourlies are pretty much dead.
Report Contrarian March 26, 2010 3:10 PM GMT
Cheers Subbuteo
Report Plars May 15, 2010 1:15 PM BST
Contrarian, Getting better and other seniors:

I stopped trading on here in 2005 when the boots started their dominance which eliminated most of the profits made from wrong pricing on the site.

I have visited the site 5-6 times a year afterwards, and noticed that the markets seems to be 100% dominated by boot(s?). It also seems to me that the volumes have dried up. Maybe the volumes now are about 10% of what it was? And the margins from the wrong pricing are maybe 10% of what they used to be? Then we are left with 1% potential profit compared to the old days?

I wish I could work part time gambling, could you recommend anything? Thanks ;)
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