Does anyone bet steam plays?

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I've seen more people go bust chasing steam and "computer" plays than I can count. Unless you are sitting in the lap of the originator, you are fuked!
 

powdered milkman
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I've seen more people go bust chasing steam and "computer" plays than I can count. Unless you are sitting in the lap of the originator, you are fuked!
this is solid advice......chasing moves is a quick way to get busted if you dont get their line
 

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Unless you have a slow moving book, you aren't catching any value
 

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Unless you have a slow moving book, you aren't catching any value
Sometimes all you are "catching" is the originator's buyback. There are two sides to every puzzle. Watch out for the tangled web! :wink:
 

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Sometimes all you are "catching" is the originator's buyback. There are two sides to every puzzle. Watch out for the tangled web! :wink:


I usually try to catch the mid morning steam if I can....I never chase the late steam because of precisely what you said.
 

Rx. Senior
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There's not only one type of steam and any market move including the opening price can be viewed in the same way. Whats important is that you know the real number to start with, after that it depends when the move was made.
Personally I wonder why People put so much weight on other unknown moves when the Books are already paying the best around to lean the real figure and 9 times out of 10 your going to be on the right move which gives you a lot of options later. :drink:
 

"Deserves got nothin to do with it"
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i bet steam plays, but i get the plays before it moves
 

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