Monday, 6 April 2009

The trend is not my friend, today anyway!

Ive been reading up alot and watching a lot of videos again and before trading today I was under the assumption that I would be able to trade a bit better as after watching many trading videos and reading other bits of advice about following trends and waiting for breakouts I have already lost £7 in three races today so far!! I was full of confidence today before trading, now I am really hacked off!

Looking at the at graphs from the 3 horses there was a definate trend on them, I then susses out the upper resistance and lower resistance levels and the upper ones were broke which upon reading and watching other vidoes/advice out there you would think they would continue to drift, how wrong! they all came back in with a vengeance and actually broke the lower price resistance and kept shortening, I dont know if its the odds ranges I am trading, or becauase its a monday! dont go thinking you have it all sussed! because you get proved wrong again and again! now back to trying to trade again!

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