Do You Listen To The News While Trading?

They tell you everything . Why are things going up.. why are things going slow... etc


remember:
No one has any idea what's GOING to happen next, BUT I can tell you what's happening NOW.
 
How does anyone keep thier sanity listening to CNBC and those stupid commercials all day? Or has sanity been sacrificed at the alter of $.
 
CNBC IS THE DEVIL !!!!

CNBC causes cancer of the brokerage account.

those commentators have no insight into the market that a fresh business grad wouldn't have, but somehow because they are on TV they are supposed to be gifted traders. Its a psychological trick, and its evil, so don't watch it.
 
Quote from Jayford:

Only for breaking news. I have CNBC in the background all the time, but don't listen to it much.

The markets will obviously move before the info is on the screen, but I like to know what caused a move sometimes to estimate its "staying power". I may join a move if some major shit has hit the fan somewhere. I may fade the move if its a rumor or just not that important in my view.

Jay
More...

too bad CNBC is the last to announce it usually..
If I hear that TD Waterhourse old codger say "you have to learn before you earn" again I am going to postal.. Why does CNBC have to play the same ads every time?!!!
 
Quote from gongish:

i know a trader that will watch a stock run up all day and wait for when cnbc mentions it to short it.
More...

I know a guy who fades the WSJ as well. He claims they are like 90% accurate at calling the wrong shots. Guess everyone is in by the time the third stringers (journalists) get a clue. I'm a day trader so this doesn't work for me, but I find it funny anyway.

Jay
 
Here's an example of how bad CNBC is. All morning they're mentioning CE is getting whacked and it only missed earnings by half a penny.
At no time do they mention the multiple management changes.
You think that has something to do with the clobberring it's taking?
Doh?
 
You must log in or register to reply here.
Back
Top