Hi, One of my big troubles is to listen the news (CNBC) and figure out what is relevant and what is not. I am a day and swing trader. How do you usually administer all the news in order to make a decision? Thanks for your responses, Cris
we don't listen to the news for direction as the move usually has happened by the time the news is received by us. we listen to the news and try not to form an oppinion of the news just try to follow the possible new move/direction...sometimes waiting for the balance of the day to trade a stock or sector problem with the news is it becomes a traders perception of the news and then his/her reaction(s) which is emotional and in a lot of cases the move balances and the traders exit or entry becomes a non profitable trade... it also will indicate a possible move once a major speaker has or is just finishing..president, fed etc. w