Here we go again... https://www.bloomberg.com/news/articles/2019-05-11/china-names-its-trade-deal-price-as-trump-sets-month-deadline?srnd=premium "...“I think that China felt they were beaten so badly in the recent negotiation that they may as well wait around for the next election,” Trump said Saturday in a pair of early-evening tweets. “The only problem is that they know I am going to win.”... The guy doesn't know when to STFU.
It's been very hard for me to read the markets lately. It's extremely difficult to do any kind of analysis when the president can tweet something that sends the weak hands into panic. It's a variable you just can't sufficiently account for. I did okay last week but it made me very nervous being in the market at all. It felt more like gambling than strategically taking risk. At this point its borderline market manipulation by president Trump and I am very surprised the SEC hasn't looked into his tweets magically correlating with market volatility. I'm very curious if he lets his friends know he's about to sink the market before he tweets. He doesn't use a PR person and tweets stream of conscious. It's no way for someone who has that much power over the economy (and really, the world) to act.
I'm assuming that means you were long? I had a frustrating time as well. Wednesday, Thursday, and Friday the market completely changed midday because of tweets or updates.
Best thing to ever happened to US markets was Trump... He's such a shithead, he's amazing! Imagine the melt-up after the collapse, he will have mnuchin and the PPT on fire, along with Jerome Firing on all cylinders, Pension Funds re-entering, Japan inflows in Corporate Debt... It will be beautiful
Understand the frustration vented above by previous posts. I have had some trades blown out of the water by Trump tweets, but recently have had some very good trades around his tweets. It is a new somewhat unpredictable factor to deal with. Nobody knows exactly when Trump is going to tweet, but the week of and after a major trade conference, it is a certainty the tweets are coming. Nobody can stop Trump from tweeting, or previous Fed Chairman's TV appearances, or countless Presidential addresses from Obama, or overseas terrorist attacks, …., etc. But eventually the market will discount and began to greatly ignore these inputs . The tweets have forced some adaptions to my trading . Until the market begins to ignore the tweets, I will keep the new adaptions. Good Luck and profits to all you.
you will find out it has nothing to do with Trump.... the market has gone up from 14000 to 25000......one way...did Trump tweet anything to cause this rise? so why ascribe this volatility to tweets from Trump? it is normal market behavior. after a strong one way rise, comes volatility, which will cause position traders to lose, all they made in the rise, if they are not careful. this volatility shows the big boys are sitting on their hands.....if you are not day trading, better you do too . or do you think Dow will go to 33000 without much ado? maybe pigs will fly and be kind enough to carry Trump too
I was referring to the recent 400 to 600 Dow point moves that immediately proceed a Trump tweet. The major move in the market has little to do with Tweets.
do you really think market moves are because of tweets and announcements form SEC? market in short term moves strictly due to technicals and i can assure you that the easy money has been made. now you have to be a trader and a damn good one at that. there are a lot of people who have learn to trade ....and fast! when all you have to do is to buy dips you must realise that it will end, it will change,....but when? the volatility will continue will continue maybe for 6-12 months because the bulls will not let go....but the bears will smell blood and keep attacking... if you do not like the sight of blood ...suggest you watch something more predictable like pornography This will continue even if Trump sleeps with his wife or girl friend and does not tweet.