Some traders have the knack of capitalizing on news release in their trades. This is something that I could never figure out.
To me, it's going to tough competing with the big dogs this way, as they no doubt have all the resources available to them to watch the market all day.
So is this bad news for us, mere mortals?
I don't think so.
Any news that matters will be reflected in the price and volume patterns. Focusing on the price and volume patterns more often than not telegraph what real people are doing with their hard earned money.
They do not have to guess how the stock may react to news, they see exactly how the market
and the stocks setups are behaving and act accordingly.
OK, rant over!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment