Thursday, April 23, 2009

back to the drawing board


there is a problem i can not seem to solve
some times the market turns against
your direction and in a second or so you
are down 20% on your position fast reaction
can't help.

if i use auto stop loss it will cause many
losses in markets were i would win with
a few more seconds waiting cause sometimes
market moves down for a sec and up again
so this can't be my weapon here.

this problem is cause by big sharks out
putting large amounts of money in and
out of the market

making it hard small fish ti trade

so i try somthing else all over again

Monday, April 20, 2009

Sunday, April 19, 2009

day 4


it was a good day in the markets
i did not have to trade all of the
markets becuse i was doing good
start to finish


cheers
trader1

Saturday, April 18, 2009

day 3


i feel better after day 2 and 3 i did not make
the same mistakes again, day 2 ended with
small loss and day 3 with small profit.

how ever i made new mistakes :-)

double clicking on the green caused the 3$
loss today so actually my trading went well
over all i feel good progress.

still not expecting profits, only getting a feel
of the markets and the software.

cheers
trader1

Friday, April 17, 2009

new chair


I got the new chair i was looking
for this should be good for trading
wish me luck

Thursday, April 16, 2009

why i choose pre race trading

i like the facts:
it is based on supply and demend
it is 7 days a week for 3 hours at
the same time everyday about 20
markets settling one after the other
in 10 minute intervals.

New Chair



I am hoping to buy my self a new chair
today ahead of the trading day

something like these chairs in the picture
should be good

Day 1













well it turns out i trade ok but my weak side
was closing positions fast when trade goes
wrong so the first day is negative.

It is clear to see i had a problem closing bad
trades and was hit hard therefore

i hope these lessons i post can be of help
to other beginners out there.

cheers
trader1

challenge begins

Hello

I am going to deposit some cash
into betfair and start trading the
pre race markets from time to time
I will post my results on the blog.

cheers
trader1