Best TV Channel and Newspaper for Day Traders?

[WS_MJH]

Quote from kmgilroy89:

For those who watch nothing do you think newspapers are useless as well?

My local paper is near worthless. WSJ is phenomenal, with no shortage of good articles. I wished I had more time to read it fully.

 

[BSAM]

Quote from WS_MJH:

My local paper is near worthless. WSJ is phenomenal, with no shortage of good articles. I wished I had more time to read it fully.

Are you saying the WSJ helps you with day trading?

 

[BSAM]

Quote from kmgilroy89:

Would you say you use nothing, but technical analysis? I'm new to trading. I just bought a book on technical analysis, Technical Analysis: The Complete Resource for Financial Market Technicians. I'm only through chapter 2, but the author says technical analysts believe that price "discounts" everything and it quickly reflects any news available.

That's what I'm saying.
Stay away from books.
Study charts.

 

[WS_MJH]

Quote from BSAM:

Are you saying the WSJ helps you with day trading?

I don't use it really at all for daytrading except to get the macro picture on the markets, stocks, sectors, etc. But for that and for pure enjoyment, it's a great resource.

 

[Shanb]

Quote from Shanb:

Breifing, Flyonthewall, twitter... lots of stuff out there. CNBC is usually just good for background noise

If you are daytrading, especially if you are daytrading equities it would be irresponsible not to look at news lol.

Look at the names i just gave you...you dont want to going balls deep into a stock with an earnings relase in the middle of the day. Or one with an ongoing lawsuit etc.

 

[BSAM]

Quote from Shanb:

If you are daytrading, especially if you are daytrading equities it would be irresponsible not to look at news lol.

Look at the names i just gave you...you dont want to going balls deep into a stock with an earnings relase in the middle of the day. Or one with an ongoing lawsuit etc.

Really?
If earnings are going to be good and publicly revealed in the middle of the day, do you not think insiders are not going to start buying in the morning?

 

[kmgilroy89]

Quote from Shanb:

If you are daytrading, especially if you are daytrading equities it would be irresponsible not to look at news lol.

Look at the names i just gave you...you dont want to going balls deep into a stock with an earnings relase in the middle of the day. Or one with an ongoing lawsuit etc.

It sounds like you like to avoid companies that are in the news and want to focus on stocks that are just moving with the rest of the market. I can imagine big news throwing off trends. I'm not sure how quickly this happens though.

 

[Bob111]

redtube
let's see what's hot today..Cock hungry black haired loves to suck ..


green shots!

but on serious note i agree with Laissez Faire.

 

[kmgilroy89]

Quote from BSAM:

That's what I'm saying.
Stay away from books.
Study charts.

In the couple of chapters I've read this book has already taught me a lot. I feel like learning from books and other traders is a great supplement to studying charts. Strictly studying charts seems overwhelming and I'm afraid it can lead to me making costly generalizations. This book has a lot of info on studying charts. I'm sure that it's only scratching the surface though.

 

[kmgilroy89]

Quote from Laissez Faire:

My opinion, and this is my opinion only, is that a day trader should not watch news if the goal is to interpret the news and profit on it.

Price tells you what is going on and typically does the opposite of what you expect, i.e., bullish news, bearish price action.

For me, I just want to know the time of release so that I can stay flat if it is a major one, but I never check the actual content until after the close, if at all.

Are there particular sources you use to find the time of release?