Reading the market

[kroni]

I'm having real trouble in reading/analysing the markets correctly, no matter what I do like going with the trend or opposing it, the market always seems to go against my position pretty quickly which forces me to red up. Often the market will return the way I expected or if I maybe don't red up quickly and take a small loss thinking the markets coming back it only goes against me even further.
The times I do get it right to start with I still seem to mess it up either by getting out to early or going from a profitable position the market just turns right round and i'm in the red again.
It's just like the is someone watching and each time I enter the market they turn the market against me like a bot or something just to trigger my stop loss.
After this happens afew times I just have a negative feeling of everything I get hesitant to entering the market as somehow even though it looks a good point to enter I just know it will turn against me.

So to sum it up i'm really struggling and getting really frustrated. I know it's not just as simple as backing a steamer and laying a drifter, so what else should I be looking for in the markets. Should I be looking earlier in the day? at the moment im just looking in the 10-15 mins before the start and focusing purely on the numbers rather than looking at trainer/jockey/horse/form etc.

One last thing is what program do I need to record a video, maybe I should do a video and post to get feedback as to where im going wrong.

[convoysur-2]

get over to quiteamug.com and there u will get lnks to videos on his youtube channell.these videos will help you,,,
Marc

[Euler]

This is probably what you are suffering from: -

http://www.youtube.com/watch?v=uOJvsl2gbGQ

[GMBing]

It may not be the answer you want to hear but from where your at this is how I found an element of sucess

If you are serious about becoming a trader then you are in for many months of hard work before you even enter a trade.

Firstly get familiar with the excel interface and VBA programming.Then really think about what data is available to analylize such as last traded price WOM traded volume etc. Then record and keep these figure say every 5 sec in run up to race from 30 min to event start until 1 min to event start.

Record and analysize this data for around 100 live races and look for recurring trends and then you will be in a position to start setting trading conditions.

But even then you will not have a 100% sucess rste but your profit should far out weight losses.

Regards

G

[barlorca]

Time & time again I see numerous gripes about how expectations don't match what the market does. I do not use excel.

I research, decide both my entry and exit points of a trade, (along with a stop loss) it means I either win not necessarily the maximum, or I lose defined amounts.

Thats what trading is about, the aim is long term increases in funds

[kroni]

Some good points there thanks

get over to quiteamug.com and there u will get lnks to videos on his youtube channell.these videos will help you,,,
Marc

I have actually watched these video's already and found them very helpful, I did actually have success after watching them but seems I may have just got abit lucky as the same approach now is just not working for me.

This is probably what you are suffering from: -

http://www.youtube.com/watch?v=uOJvsl2gbGQ

This is definitely what happens some of the time, also I noticed today I often miss my entry point when the market moves and then im reluctant to enter at a lower price than I wanted originaly, in this situation its hard to know what to do sometimes I enter at a lower price but that's probably wrong as the market usually goes back up, if I leave it then I just have to watch the market steam right in wishing I had just got on anyway.

It may not be the answer you want to hear but from where your at this is how I found an element of sucess

If you are serious about becoming a trader then you are in for many months of hard work before you even enter a trade.

Firstly get familiar with the excel interface and VBA programming.Then really think about what data is available to analylize such as last traded price WOM traded volume etc. Then record and keep these figure say every 5 sec in run up to race from 30 min to event start until 1 min to event start.

Record and analysize this data for around 100 live races and look for recurring trends and then you will be in a position to start setting trading conditions.

But even then you will not have a 100% sucess rste but your profit should far out weight losses.

Regards

G

not sure this is an option for me at the moment I don't know anything about excel never even used it before, not sure its even on my PC I couldn't find it anyhow. However I did start recording some prices of horses in certain race types in last 10 mins the other day by just jotting them down on paper, looking back on them so far there is no real pattern from what I can see, just all over the place.

Time & time again I see numerous gripes about how expectations don't match what the market does. I do not use excel.

I research, decide both my entry and exit points of a trade, (along with a stop loss) it means I either win not necessarily the maximum, or I lose defined amounts.

Thats what trading is about, the aim is long term increases in funds

Not sure what your getting at here so forgive me if I've got the wrong end of the stick, but how was this suppose to help me? I also have been "research, decide both my entry and exit points of a trade, (along with a stop loss)" i would think everyone does this but the word "research" can mean a whole lot of things and it is here that im not sure what else i can do.

Anyway I've only been doing this a couple of weeks now and i do have plenty of time on my hands to play in the markets to get more experience so if anyone has has any more views or tips then i'd love to here them. Also what was the programs that you can use to record the video's.

Thanks