Monday, February 10, 2014

Why fundamentals and opinions don't work in markets? Because the price reaction to 'fundamentals' or 'news' or 'Reuters poll' is never consistent.

And the top traders are always looking at 'fundamentals' because they want to justify their position with 'something' and deny the actual price action. The conversation I heard was on how the Reuters poll estimates of stock figures would come in at 1.93 or 1.95 million tonnes of cpo, which is utterly useless in market price action. It is only a safety blanket to blame losses on and not be accountable to own losses.


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"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore Manchester City FCl Crude Palm Oil


From Dragons and Bulls by Stanley Kroll
Intro and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet/a>
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system