Quote:
Originally Posted by chasleo
Well, I also assume that the US is in no position to really be backing any other country further in wars with the economy not doing so hot - although you never know what our president will do when push comes to shove.
So you're speculating (no pun intended lol) that it may make some headway but probably not make any major difference in the long run. That's sort of what I was thinking but I honestly don't know what to think anymore as the market makes some unexpected turns.
I suppose that interpreting the news is something that comes easier over time with you as you've done this for so many years. Your experience must really help out.
As a day trader, have you found the market to much more difficult lately or do you also (as I do) find yourself trading mostly in the current positive industries? Have you abandoned this altogether and moved towards currencies? Does all this even matter to you much as you probably can swap quickly from long to short when the market's trending?
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Yes I would say that interpreting the news as with anything becomes easier over time.
I am more of a swing trader than a day trader and in general I tend to stay away from individual stocks and focus more on currencies, indicies (particularly the S&P), oil, metals and things such as this.
As you have seen there have been lots of interesting moves in all of these markets lately so I find that the increased volatility makes things easier not harder for me personally.
Best Regards,
Dave