I have recorded hundreds of videos of me trading but am still having trouble making a profit from trading. I am generally trading according to support and resistance levels, and am succesful with some races doing this and unsuccesful with others.
I trade using a stop loss of 3 ticks and generally lay / back at solid resistance / support points.
I can be contacted by Skype if any big traders would be willing to help.
I have been on Peter's course but unfortunately during the course Peter didn't show us how he traded.
Would be grateful for any help offered. I will give you my skype id if anyone can help. Thanks
Horse racing trading
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Point2Point
- Posts: 81
- Joined: Fri Apr 24, 2009 6:59 am
You must have been on a different course to me as Peter spent all afternoon talking us through trades when I went?
Try to stick to some basic scalping first and build out from there. Some people prefer scalp to swing trading but only you will be able to learn which suits your mindset. No magic wand I am afraid.
Try to stick to some basic scalping first and build out from there. Some people prefer scalp to swing trading but only you will be able to learn which suits your mindset. No magic wand I am afraid.
The course I went on Peter only showed us one live trade and that was for about £2. That was the course he talked a lot about trading etc etc. But I would have love to have seen more live trading and explained why he put that trade in etc.
Cheers
Jimmy
Cheers
Jimmy
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Point2Point
- Posts: 81
- Joined: Fri Apr 24, 2009 6:59 am
That is exactly what Peter gave us on the course I was on. When to enter, exit etc. different market types how to spot decent entry points. Got a nice folder with the same information in it as a prompter.
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sincy231171
- Posts: 1
- Joined: Thu Jul 30, 2009 11:37 am
I feel like I am in the same boat as you here. I have been trading off and on for the past year, i get some good results then they all go against me.
Over the past few weeks I have been refining what I do and have actually noticed that I make mistakes, and that has been my downfall.
I am now going to put £100 into my account and start to trade following a few simple rules: -
1 - Review graph history carefully, look for a horse that is up and down not jsu one way.
2 - look at the weight of money. if the most money is at say 2 and the price is at 2.5, then chances are the price will move back close to 2.
3 - Get out if the price moves to much. I can always go back in later and try to profit.
4 - Learn when i make a mistake. too many time i didn't learn what went wrong and it has taken a lose for me to realise this.
5 - Learn from what i did right.
I think if i follow this it will help.
maybe this is what you should do. sit down and evaluate why you are not profiting and look at how you can change this.
Over the past few weeks I have been refining what I do and have actually noticed that I make mistakes, and that has been my downfall.
I am now going to put £100 into my account and start to trade following a few simple rules: -
1 - Review graph history carefully, look for a horse that is up and down not jsu one way.
2 - look at the weight of money. if the most money is at say 2 and the price is at 2.5, then chances are the price will move back close to 2.
3 - Get out if the price moves to much. I can always go back in later and try to profit.
4 - Learn when i make a mistake. too many time i didn't learn what went wrong and it has taken a lose for me to realise this.
5 - Learn from what i did right.
I think if i follow this it will help.
maybe this is what you should do. sit down and evaluate why you are not profiting and look at how you can change this.