CNBC bubbleheads are never fans of those who "tell it like it is". They like to live in their own little bubble-pumping world where the markets never go down and they can kiss CEO's a$$es. I kicked that habit months ago when it finally occurred to me that they really don't have a clue and nothing they say can help me become a better trader.
Like any news they are here to sell their air time. To do that they need to feed the general public with the feeling that they are ahead and that their news make you a better investor/trader. Those who are trading live know that information are useful only when put with underlaying understanding of the information and psychology. Anyway in my opinion the news are not totally worthless since you can use your own brain and common sense.
You're right Jaroslav it is not completly worthless. Obviously we have to know what's going on in the world. In day trading, other than economic reports, I find no value in watching the news. Price moves, indicators indicate, and Solfest reacts.
4 comments:
CNBC bubbleheads are never fans of those who "tell it like it is". They like to live in their own little bubble-pumping world where the markets never go down and they can kiss CEO's a$$es. I kicked that habit months ago when it finally occurred to me that they really don't have a clue and nothing they say can help me become a better trader.
Amen to that.
I don't watch any "news" while I am trading. It is worthless.
Like any news they are here to sell their air time. To do that they need to feed the general public with the feeling that they are ahead and that their news make you a better investor/trader. Those who are trading live know that information are useful only when put with underlaying understanding of the information and psychology. Anyway in my opinion the news are not totally worthless since you can use your own brain and common sense.
The truth always lies somewhere in the middle :).
Peace
You're right Jaroslav it is not completly worthless. Obviously we have to know what's going on in the world. In day trading, other than economic reports, I find no value in watching the news. Price moves, indicators indicate, and Solfest reacts.
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