ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from wave:

Listen to the news and what people base their trading or investing actions on. The catalysts always include words like :
"fear of", "what", "may", "view", etc. There is absolutely no concrete evidence in any of it. How can one trade or invest with confidence like this?

Edit: this was not intended towards you tomahawk.
More...

The "news" means little; price action is king; price reveals the REAL LIFE DECISIONS of those with money on the line.

No one knows for sure the reasons why traders sell or buy--all we can know is what their ACTIONS are. The reasons are meaningless, because they are based entirely on groundless speculation.

That said, if a newspaper noted that "Stocks were down today because there were more sellers than buyers" readers would laugh and accuse the paper of insulting their intelligence, even though it would be the exact truth.
 
Quote from smilingsynic:

The "news" means little; price action is king; price reveals the REAL LIFE DECISIONS of those with money on the line.

No one knows for sure the reasons why traders sell or buy--all we can know is what their ACTIONS are. The reasons are meaningless, because they are based entirely on groundless speculation.

That said, if a newspaper noted that "Stocks were down today because there were more sellers than buyers" readers would laugh and accuse the paper of insulting their intelligence, even though it would be the exact truth.
More...

beautiful.
 
Quote from wave:

Listen to the news and what people base their trading or investing actions on. The catalysts always include words like :
"fear of", "what", "may", "view", etc. There is absolutely no concrete evidence in any of it. How can one trade or invest with confidence like this?

Edit: this was not intended towards you tomahawk.
More...

np if it had been :)

Was just going to say, I think in this case the "news" (i.e. fear) may be more of a guess as to why oil is down again today. But still, the explanation does have some merit given the potential clouds on the horizon.
 
Hey look at that almost 67. Who would have know. And yes folks, you guessed it, tomorrow is what? Yes!!!! Turn around Tuesday!!!
 
Status
Not open for further replies.
Back
Top