I could give you 100s of examples to why fundamentals are complete BS for traders. I won't waste your time with that. However if you are a long term investor then fundamental analysis is the way to go. I will never trade or invest longterm on fundamentals. There is no money in that biz for me
Trading So You Can Have Control Of Your Future ?
- Thread starter MarketMachiavelli
- Start date
I could give you 100s of examples to why fundamentals are complete BS for traders. I won't waste your time with that. However if you are a long term investor then fundamental analysis is the way to go. I will never trade or invest longterm on fundamentals. There is no money in that biz for me
So..... You could provide proof of something, but won't provide any proof? So just take you at your expert word then? Ok, got it. It's true because you say so, end of discussion.
I'm sure you could, but doing so won't change the realities of the risks attached to your trading positions if you enter a trade a minute before an NFP announcement: there can be spikes in both directions, with every possibility of being stopped out on a trade even if you've got the overall direction right. Unless you trade without a stop-loss, of course, but as you put it yourself, "I won't waste your time with that."
You are a delusional 19yo if you think fundamentals are a waste of time. All the patterns and candles won't save you in front of a central bank/fed/company announcement.
I'm sure you could, but doing so won't change the realities of the risks attached to your trading positions if you enter a trade a minute before an NFP announcement: there can be spikes in both directions, with every possibility of being stopped out on a trade even if you've got the overall direction right. Unless you trade without a stop-loss, of course, but as you put it yourself, "I won't waste your time with that."
I don't trade during the news that will cause a massive Algo fueled spike then crash. Not worth it
I don't trade the big news announcements as I am not trying to compete with the algo freak show that follows
Haha. been on this site for what, a week? And already get attacked by people who "think they know it all". No wonder why there are so few legit traders on this site
I don't think I know it all, nobody does. But I've been trading for a living longer than you've been alive so I probably know a few things that perhaps you're yet to learn.
I wasn't attacking you, all I said was I think anybody who claims to be able to provide proof for something but refuses to do so is a little odd.
Your statement of "I could provide 100's of examples but I won't" is just about the most vapid statement I've ever heard. That's literally all I said, it wasn't an attack on anything to do with you. Why so personal? Your statement was silly, I said nothing about you.
You're 19 years old, you've literally never seen a bear market. You've literally never seen a non Fed induced market. Your entire career is a backtest.
I have confidence you'll learn as you go and no doubt become a great trader someday, but to pretend you aren't a total rookie at 19 years old is kind of sad. You're brand spanking new to this game, embrace it, don't get insulted by it. Good luck young one...
