Another vital long term effect would be the damage of products/produce bearing American brands, even the products are Not made/produced in the US! Especially the likability factor of overall USA national brand is getting diminished due to current political climate! To build a worldwide famous Brand is pretty hard, at all, if not impossible! To damage a Brand would be fairly Easy, that can be done within very short time! LOL
At the end of the day most of the time, the information is just enough to give you conviction on a trade, but it seems like for me alot of the times anyways, these days im a little better than 50/50, but the information is is able to convince me that i should be putting more into certain setups where the outcome is much more favourable. Im sure you could still trade on purely technical edges, but those edges are dwindling as algos take over. You interpretation of information is the only advantage you have over algos anymore IMO, unless your watching 1 or 2 instruments daily, cause by the time the information hits the market the stock is already gone.
I do actually watch a couple of instruments at the same time, and this gives me more conviction in a trade if both are suggesting a turn at the same time, and I find this does help the win rate for sure. I couldn't imagine trading on anything other than technical. What I don't like is when the move isn't smooth, when it purposefully is rising, only to be hammered down, so if you have a tight stop, you're done. But at the same time, when you see a key level not taken out, and when you see it bought right back up after being hammered down, that is good info right there. So I'm not really sure how much the algos affect anything for what I do to be honest, except that maybe they scare me out of trades. But like I say, having just a slightly bigger picture smooths this out.
Your obviously a much better ES trader than me, I hate that thing now, lol it used to be you could just buy the bottom on a volume puke bar once it starts ticking back up, with a stop below the previous lows, now it will grind through that bottom once or twice and nail stop outs, then reverse, its just lots more gamesmanship, I got mad respect for you bro, trading the ES is not an easy gig, i gave up on it other than swing trading, after 2 years of negative money, on it, i dont even take day trades anymore on it like i used too. Lots of instruments like that where i had to simply eliminate it from my repertroire, and focus on where i was doing best, but i got respect for anyone who can still do it. It used to be much easier.
LOL... trust me... the way I talk and what I actually do isn't exactly the same thing always. I hesitate too much so what should be good trades don't always work out that way, but I do think its still very possible. Like you say though, its down right messy sometimes. When I go over trades I take, or trades I should have taken, its interesting how simply letting them hit stop or target works quite well, but my desire to micro manage the trade gets in the way. So I think this is the key right now. While the algos are maybe grinding price around for a while, as long as your entry is good, and stop is acceptable, taking a hands off approach seems best. Whenever I try and predict which way it will clear up once it gets messy, I have no predictive power. The trade will either hit stop or target I tell myself and its just best to leave it alone.
Yeah you hit the nail on the head that is always what happens on large caps with me, i got to take a position and say, "ok im not going to read too much into the 2 minute chart chart cause i know they are going to make it look toppy, or bottomer here, then grind through the lows to trigger stopouts then right back through the highs, etc, etc, where as if i trade small/midcaps/penny stocks its much easier to interpret what a lower high or a higher low means in a certain position cause you know its real humans, and real human emotion coming into effect in those areas, like it used to be, not just algos grinding through a previous high/low/resistance point to see who they can grind out of a position. (If that makes sense) lol.
People sometimes hate a public policy from a foreign country for wrong reasons. Globalisation should be good for giant MNC i.e. multinational corporations, aka mostly American corporations. Therefore, smart non-Americans should prefer/love Trump's foreign policies. That should be limiting the expansion of global US brands. imo Non-Americans should now wake up to build their domestic brands, or alternatively buy non-American brands from such as European, British or Australian brands. Reducing their import reliance on the US brands. Travel more frequently to Europe, UK, Australia/NZ, South America, etc., instead of USA. Is that the development what the US citizens prefer? People sometimes love a popular public policy for protecting their home country for wrong reasons. LOL Short-term vs Long-term: https://en.wikipedia.org/wiki/J_curve