I know that this is not possible, but after the last few days it seems as though it is, that the markets wait for me to open my trade and then immediately move in the opposite direction to how I thought they would just to spite me!
As I said I know that can't happen so need to find a way to work out what I am missing when looking to make a trade.
Getting frustrated with the markets
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convoysur-2
- Posts: 1110
- Joined: Thu Jan 12, 2012 10:00 am
dembusa.dmbusa wrote:I know that this is not possible, but after the last few days it seems as though it is, that the markets wait for me to open my trade and then immediately move in the opposite direction to how I thought they would just to spite me!
As I said I know that can't happen so need to find a way to work out what I am missing when looking to make a trade.
think about this ,,it was said to me on here several times a couple of years ago when i was at the same stage as you now,,this is it ,,now read it, twice ,or five times untill u get it..QUITE OFTEN WHAT U SEE Is SMOKE AND MIRRORS ,,,,,
watch the market be patient !!
look easiest way is to get over to quiteamug...watch all the videos,watch the markets,and get a different mind set about when to enter..
also are u using betfair software only? because i have seen several discussions on the internet where people were using a different software and there were security issues,where a hell of alot of people were saying the same as u ,that believe it or not its like someone knows what im doing,there have been issues with other software companys look at peters blog for more info..
Marc
Well if you offer money in the wrong place its like saying hey come on rape me of my cash, you need more training how to read the market for instance do you know when to scalp and when to swing, i remember when Peter said in one of his courses you need to master both, i can see why because some markets require you to do that, also what percentage of the trade do you go for?? do you know when your in where to get out win or lose, its not you it happens to all of us even me, but when it does go wrong i know where to get out and out you must another thing you must take on the chin.Think about this if you were in a boxing ring and your opponent kept hitting you in the same spot every fight it will be painful at first but after a while you absorb that pain as if its nothing (hence the losses). If you soley rely on trading for a income as a newbie this would be quite difficult to put into practice, but i personaly wouldnt rely on trading for a income, i use it as a enhancement to other rigid incomeconvoysur-2 wrote:dmbusa wrote:I know that this is not possible, but after the last few days it seems as though it is, that the markets wait for me to open my trade and then immediately move in the opposite direction to how I thought they would just to spite me!
Marc
Good luck
Read Trading in the Zone by Mark Douglas. I have just finished it, I also made a summary of each chapter and recorded the summary onto my ipod so i can study it further. It is well worth the effort, today I am going to try out his ideas and see what happens.dmbusa wrote:
so need to find a way to work out what I am missing when looking to make a trade.
Most of the frustration I have witness is through people reacting to the market rather than anticipating it.
When swing trading it goes along the line of: -
(1) What is the market doing, hmm, not sure, lets watch it.
(2) OK it looks to be doing this, lets confirm that.
(3) Yes, it's definitely doing that.
(4) I reckon I should jump on that, lets be sure
(5) OK, I'm sure lets do it
(6) Would you believe it the markets turned!
My thought process is more along the lines of: -
What is the market doing? Where is it going where can I position myself so that if it goes in my direction I get the benefit, but if I mess up I can get out without too much damage?
Wait...........
Activity falls into a pattern than I recognise so I jump in
Wait...........
If no move then I wait for one, if it wobbles against me I'll stay in but if it breaches badly against me I dump it and start again.
Some days the market just doesn't play ball but other days it's like you control it's destiny. In fact neither is that likely so most days you end up in-between.
I never set targets, as the market delivers opportunities to me so I can only act on what it presents.
When swing trading it goes along the line of: -
(1) What is the market doing, hmm, not sure, lets watch it.
(2) OK it looks to be doing this, lets confirm that.
(3) Yes, it's definitely doing that.
(4) I reckon I should jump on that, lets be sure
(5) OK, I'm sure lets do it
(6) Would you believe it the markets turned!
My thought process is more along the lines of: -
What is the market doing? Where is it going where can I position myself so that if it goes in my direction I get the benefit, but if I mess up I can get out without too much damage?
Wait...........
Activity falls into a pattern than I recognise so I jump in
Wait...........
If no move then I wait for one, if it wobbles against me I'll stay in but if it breaches badly against me I dump it and start again.
Some days the market just doesn't play ball but other days it's like you control it's destiny. In fact neither is that likely so most days you end up in-between.
I never set targets, as the market delivers opportunities to me so I can only act on what it presents.
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JollyGreen
- Posts: 2047
- Joined: Sat Mar 21, 2009 10:06 am
Hi
May I ask if you have sought any training or guidance? Sometimes it is a false economy to plough ahead on your own when someone with a better view of the markets can help you avoid novice mistakes.
Perhaps try Peter's class as this will give you a good grounding.
Just a thought
JG
May I ask if you have sought any training or guidance? Sometimes it is a false economy to plough ahead on your own when someone with a better view of the markets can help you avoid novice mistakes.
Perhaps try Peter's class as this will give you a good grounding.
Just a thought
JG
Redtra. 
absolutely brilliant. I am still seeking the holy grail even after attending Peters course (which was highly enlightening)and am convinced that you can study the markets as much as you want but there is still the one instance that could wipe out your hard earned trades from the day in one go. I sum it up like betting on Man United playing Boscastle United - its highly unlikely that Boscastle will win or even draw, but if it werent possible it would be pointless having the match!But the same similie might provide a trading opportunity if Man U dont score and Boscastle are playing their arses off. The trick and the Holy Grail INMHO is knowing when to bail out and take the red before it gets REDDER (I know thats not a word but you know what I mean). The only think is that when you are green you hope to go greener and thats where the problems start - for me anyway. What am I rambling on about - dont know really just wanted to get it off my chest though! Thanks for the giggle though about your book.
absolutely brilliant. I am still seeking the holy grail even after attending Peters course (which was highly enlightening)and am convinced that you can study the markets as much as you want but there is still the one instance that could wipe out your hard earned trades from the day in one go. I sum it up like betting on Man United playing Boscastle United - its highly unlikely that Boscastle will win or even draw, but if it werent possible it would be pointless having the match!But the same similie might provide a trading opportunity if Man U dont score and Boscastle are playing their arses off. The trick and the Holy Grail INMHO is knowing when to bail out and take the red before it gets REDDER (I know thats not a word but you know what I mean). The only think is that when you are green you hope to go greener and thats where the problems start - for me anyway. What am I rambling on about - dont know really just wanted to get it off my chest though! Thanks for the giggle though about your book. I started with the ladder and worked backwards which is defiantly the worst way to learn. My advice would be that ladder trading is not the only route to making money, I just concentrate on long term trades. Enter at 10am ish and out sometimes just before the start, other times before lunch. There is no rushing and I find I make much better decisions when I have time. Today I personally placed 6 bets in total and I was happy with all of them 
Its also a good idea to watch a market from start (9am) to finish as you can see money arriving and leaving as its not being covered up by manipulation and bots.
Its also a good idea to watch a market from start (9am) to finish as you can see money arriving and leaving as its not being covered up by manipulation and bots.
More like Trading in the Dark Zone for me today Rogerlisa, apart from the constant red glow!rogerlisa wrote:Redtra.
LinusP - i will give that a go tomorrow...thanks. Today the markets were all over the place.
Imagine putting your money in a bank account where thousands of incredibly smart people can access all your account details and can make withdrawals from your account by completing online puzzle tests.
None too clever yes?
That's about how sensible trading on UK Horse Racing is. The world's most hopeless, hardest way to make an easy living.
None too clever yes?
That's about how sensible trading on UK Horse Racing is. The world's most hopeless, hardest way to make an easy living.
All the books and online information about trading can make it appear to be very complicated and scientific but isn't it just buying and selling?Zenyatta wrote:Imagine putting your money in a bank account where thousands of incredibly smart people can access all your account details and can make withdrawals from your account by completing online puzzle tests
If we buy at the right time and sell at the right time for a little profit then it shouldn't be too hard...easier said than done...but that's about it really.