Therefore, the big moves happen when the numbers come out vastly different than expected. Sometimes, you can make a good profit in these situations. Yet, it is still hard to know for sure what the direction will be. Sometimes really good news means the market will go down for a couple weeks, but by the end of the quarter it will be up big from the release.
All releases are important, but do not always drive the market in one hour. Now even if you are correct on direction and timeframe you still must overcome the large spread during news hours. Sometimes spreads can be over 15 points. This is some serious handicap to overcome. Further with the wild moves and shakeouts you may exit a winning trade before it moves in your favor.
The truth is that short term trading is the most difficult type of investing. It takes full concentration for all market hours with the top trading equipment and an emotion free personality. A much simpler way to still make nice returns is to follow a swing or position trading system.
By moving timeframes out further, it is easier to follow longer term trends and not get caught up in the noise of the market. The Federal Bailout of over 2 Trillion dollars has taken a little time to get rolling, but we are already starting to see its effects on the financial markets. Strikingly, Gold has risen to over $1,000 an ounce and Oil has climbed above $70 a barrel. The commodity gurus like Jim Rodgers and T Boone Pickens are wearing their cheerleader outfits proud. Got to love that bow Tie Jim, don't ever stop wearing that!
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