What happened at 10 AM??

[spinn]

OK sheep I am sure all of you are scrambling asking what the new is, hoping you can trade off of it after it happened. I was short so its good but what happened to cause this drop?

 

[tomdavis]

Quote from spinn:

OK sheep I am sure all of you are scrambling asking what the new is, hoping you can trade off of it after it happened. I was short so its good but what happened to cause this drop?

Consumer confidence 10 points lower than expected.

http://anasdaq.econoday.com/byshoweventfull.asp?fid=442643&cust=nasdaq&year=2010#top

 

[pwrtrdr]

Quote from tomdavis:

Consumer confidence 10 pints lower than expected.

http://anasdaq.econoday.com/byshoweventfull.asp?fid=442643&cust=nasdaq&year=2010#top

5 point delta from previous number is what most consider meaningful- possible trend in sentiment

so 10, is decent start.....

 

[nazzdack]

Quote from spinn:
....I was short so its good but what happened to cause this drop?

Dude, you need a report calendar. Next time, you may not receive such good/dumb luck on a trade.

 

[pwrtrdr]

Quote from nazzdack:

Dude, you need a report calendar. Next time, you may not receive such good/dumb luck on a trade.

AS SEEN HERE:


http://www.bloomberg.com/markets/ecalendar/index.html

 

[spinn]

Quote from nazzdack:

Dude, you need a report calendar. Next time, you may not receive such good/dumb luck on a trade.

luck huh?

anyone who traders based on news will get crushed, Dude you need a shepherd. Please stop trading before its too late.

 

[trader#21]

Quote from spinn:

luck huh?

anyone who traders based on news will get crushed

Beside luck you need to hang around with actual traders for some basic knowledge on intraday trading.

And ofcourse thats only applicable if you want to trade.