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- Thread starter rcj
- Start date
Just curious... what do fundamentals have to do with intraday stock movement?
Quote from FaderTrader:
Just curious... what do fundamentals have to do with intraday stock movement?
Hi Fader ... fundamentals seemed to move TZOO real
good several weeks back.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=65479&highlight=TZOO
My apologies. I always forget that most ppl on this board swing trade.
My goal is to make money everyday; not to wait for a single trade which may or may not materialize.
My goal is to make money everyday; not to wait for a single trade which may or may not materialize.
Hi FaderQuote from FaderTrader:
My apologies. I always forget that most ppl on this board swing trade.
My goal is to make money everyday; not to wait for a single trade which may or may not materialize.
I pretty much agree with what you say. But seems to me
there are lots of stks traded intra-day with generally good
fundamentals, right? Like SNDK,AAPL, BBY, NUE,XOM,PTEN,
Dell,CTXS, AMD,etc.
Im not an experienced trader yet so i usually want liguidity from
a mix of buyers/sellers, investors, swing traders, intra-day folks.
So, when/if the price action picks up these are what i usually
prefer to trade intra-day.
Also, i would like to subscribe to Trade-Ideas at some point but
i just dont feel i am ready to take advantage of its capabilities.
thanks for posting.
... rj
You simply are not going to catch ANY intraday moves looking at fundamentals - earnings and surpise news being the exception. Again, you'll lose ALL of your money if you try to daytrade a stock and just can't believe it's not acting in line with what you believe to be its fundamental value. If it were that easy, we'd all be millionaires.
Quote from FaderTrader:
You simply are not going to catch ANY intraday moves looking at fundamentals - earnings and surprise news being the exception. Again, you'll lose ALL of your money if you try to daytrade a stock and just can't believe it's not acting in line with what you believe to be its fundamental value. If it were that easy, we'd all be millionaires.
Thanks for the post, Fader.
Again, i pretty much agree with you. It would certainly be crazy
"...if you try to daytrade a stock and just can't believe it's not acting in line with what you believe to be its fundamental value."
I maintain a watchlist page in TWS with about 40-50 stks at
any given time. I want SOME of those stks to have the characteristics reflected in the screen list for the reasons i stated in an earlier post. If ... if....one of them happens to go price active
then im going to pop up a chart and ck it out real quick.
lader Fader
... rj
I am going to put up the Friday screen again. Ive included
several charts of stks from the list. I was only able to get to OS
Made a good short entry at 9:55 and then and exited about 10 min later. Yeah, i screwed up. I should have stayed in longer.
... rj
several charts of stks from the list. I was only able to get to OS
Made a good short entry at 9:55 and then and exited about 10 min later. Yeah, i screwed up. I should have stayed in longer.
... rj
Attachments
Quote from FaderTrader:
You simply are not going to catch ANY intraday moves looking at fundamentals - earnings and surpise news being the exception. Again, you'll lose ALL of your money if you try to daytrade a stock and just can't believe it's not acting in line with what you believe to be its fundamental value. If it were that easy, we'd all be millionaires.
I cannot quite agree with FaderTrader. I think fundamental does play its role even for intra-day trading, it will be ignorant to purely rely on technical or whatever price-action. For instance, a good fundamental under-valued stock (say trading at 75% of intrinsic value) may drop 3 days in a role. Yet, when it bounes back up intra-day, in collaboration with technicals, traders can have more confidence to hold on to a long position (even the level 2 shows low liquidity on the bid side).
Quote from kwancy:
I cannot quite agree with FaderTrader. I think fundamental does play its role even for intra-day trading, it will be ignorant to purely rely on technical or whatever price-action. For instance, a good fundamental under-valued stock (say trading at 75% of intrinsic value) may drop 3 days in a role. Yet, when it bounes back up intra-day, in collaboration with technicals, traders can have more confidence to hold on to a long position (even the level 2 shows low liquidity on the bid side).
Hi Kwancy ... goog point.
Well ... i probably should have been clearer in my original post that the screen i put up for Friday wasnt some super-duper trader
special full of predicted rocket/tanking stocks. Probably some readers were put off or disapointed. Ill try to do better.
I'll be more careful next week with my communication.
.... rj