Do you follow the news?

[Persson121]

Do you following the news?
Wall Street J
The Economist
TheStreet

Or is it just for daytraders?

 

[NVP]

Hey P

A good trader must always follow up to the minute market news...then generally as an extension of this I suspect most traders also read widely on Global economics , Finance and Politics as its all part of the same game

this is not just a job where you turn off...........you are interested in these things anyway

N

 

[Persson121]

Hey P

A good trader must always follow up to the minute market news...then generally as an extension of this I suspect most traders also read widely on Global economics , Finance and Politics as its all part of the same game

this is not just a job where you turn off...........you are interested in these things anyway

N

Im interested in politics mutch and i know that the all ideologies are.
But according to the news, im the beginner and i don't realy know where to start.

Im want to trade in the US market.

 

[NVP]

then immerse yourself in US politics,Finance and its Economy through the phenomenal power of the internet.....

a few days and you will know more that 95% of the US population anyway

N

 

[Splitlink]

then immerse yourself in US politics,Finance and its Economy through the phenomenal power of the internet.....

a few days and you will know more that 95% of the US population anyway

N

There is an amazing difference between what the markets should do and what it, really, does. So, after the news is known, the trader has to decide what to do.

I think that knowing the news is another misleading factor that the trader has to take into consideration. Whether, for instance, the $ should strengthen or whether the Euro is as bad as the news says it is! I take into consideration that there may be a hell of a spike when an announcement is made but, once the dust has settled it is business as usual. Line charts are a good idea in such cases.

 

[Persson121]

then immerse yourself in US politics,Finance and its Economy through the phenomenal power of the internet.....

a few days and you will know more that 95% of the US population anyway

N

Does it go so fast? I following the news about a company in a few days, then i know the status of the company in the market? :-0

 

[wackypete2]

then immerse yourself in US politics,Finance and its Economy through the phenomenal power of the internet.....

a few days and you will know more that 95% of the US population anyway

N

Ouch, that hurt a bit

Peter

 

[themilton]

Ouch, that hurt a bit

Peter

I felt it too. Sadly enough he isn't that far from the truth. His stats are a little off. I would say about 70%.

 

[tomorton]

News is interesting as a form of general education, but trying to trade on news items in real time puts you in the same arena as the professionals.

The only risk-controlled way it can be done by amateurs like me with limited capital is to observe the market's reaction to the news item, then trade on that, either with the price direction or against it as it approaches resistance, overbought etc.

 

[Persson121]

News is interesting as a form of general education, but trying to trade on news items in real time puts you in the same arena as the professionals.

The only risk-controlled way it can be done by amateurs like me with limited capital is to observe the market's reaction to the news item, then trade on that, either with the price direction or against it as it approaches resistance, overbought etc.

But i don't want to trade like the professionals. Just a basic trader who sometimes buy big quantities of shares in a uptrend and a week later or when i feel for it, sell the big quantity.
I would be very happy if i made 0.1$ in profit per shade.

But i don't have so mutch time to read minutesnews every day. My idea is to analyse with uptrends and look by the past trends and data how it's was like.
Of course i will read the news, but not the all news. Only the news who tells how the status in the US market is. But i don't know were to start.

I have been following the NASDAQ and Dow Jones and I see it's a downtrend now. Nokia Corp. has been gone very bad in the market. It tas 55$ in 2008 and now it's like 7$. But someday it gonna turn and then i will be there.

 

[The Leopard]

I ignore the news, but it all depends.

 

[ZEN archer]

Not much for trading decisions - more out of curiosity.

 

[Persson121]

Have you never just "guess" by technical analysis?
You know the part when the technical analysis shows that soon, maybe tomorrow or nextnext day it will turn, but the technical analysis can't tell if it's or not. You just need you use your feelings as the little extra knowledge?

A good friend to me trades like swingtrader (i think). First he look at technical analysis; it's candlestick, linechart, exponential moving average, pivot points, and macd i think. (He uses Microsoft excel so I not 100% sure if he can use macd with excel if he only knows the quoutes in price and time?). The second; he compare with index like S&P 500, Dow J, NASDAQ.
The last thing he do is to use the feelings. He trade like 3-4 times per month(it's like 1 trade per week) and he don't read the media so mutch, only the part of the media who tells it the contry is going well or very very bad, in the economic way.

But as the way he does, he dosen't need to read the news-minute media?

 

[hi1234567]

Only read what interests me, mostly global news for perspective and sometimes dramatic events. I don't trade on news at all but just observe how prices react to them. Like the recent JPMorgan 2bill loss coincided with Citibank stock going down? Speculating the reasons is fun.

 

[Persson121]

What media do you read?

 

[simple-stock-trading]

Do you following the news?
Wall Street J
The Economist
TheStreet

Or is it just for daytraders?

I do not use news for my real trading. I swing trade and position trade.
I do not watch Bloomberg TV during active trading hours.

But I like to have some global macro overview for my general thought like what are current economic issues in US, in Europe, in Asia etc. Not for real every day trading decision, just to know where to look for more bullish scenario and where to look for more bearish scenario. What is possible currency outlook for next 6 month or so.

I have these ideas in mind but every time I need to see technical confirmation on the charts before entering any trade.

 

[Persson121]

I have chooses some companies who im gonna "swing-trade-traning" on. I have chooses 30 of the US topp volume leaders companies and i read the daily media/news about the companies.

Still i don't get it. The media tells good things about the companies but it's the same story over agin.
"When it's go down, soon it will go up".

I don't think i will read the media if i gonna makes 2-3 trades per month. Or do I ?
Can i only use technical analysis to se if it's buy-time or sell time? I found that hard to read the media. I can never be sure if it's gonna give a postive sign at the company or a negative sign.

 

[tomorton]

I have chooses some companies who im gonna "swing-trade-traning" on. I have chooses 30 of the US topp volume leaders companies and i read the daily media/news about the companies.

Still i don't get it. The media tells good things about the companies but it's the same story over agin.
"When it's go down, soon it will go up".

I don't think i will read the media if i gonna makes 2-3 trades per month. Or do I ?
Can i only use technical analysis to se if it's buy-time or sell time? I found that hard to read the media. I can never be sure if it's gonna give a postive sign at the company or a negative sign.

I don't make trade decsions on the news but I do read it. Sometimes it is useful to see in the media that a particular market or company is being called a 'buy' by every commentator and reporter. In such cases, it's better not to buy but to wait for the reversal and short it, or to wait for the pull-back and then buy.

 

[FringFX]

I think keeping yourself updated is good, but don't go on 'news overload'.
Find one or a few shows to watch and just watch them during a certain period of time. I believe it's unhealthy if you watch news all day long.

I used to watch financial news every day, trying to soak up everything. In the end, it was not worth it. Actually, a waste of time (and electricity). Now, I just focus and spend more time on my charts, and check online news articles from time to time.

 

[belekas]

I never follow or read any news, but I'm aware of them. My master has done the same for 20+ years. A chart tells a 1000 words, you just have to know the "trading alphabet".)