amit1986
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I'm afraid I don't agree, you can use these macroeconomic and fundamental things to your advantage as a very good leading indicator if you read them right. For example, if you do some research into Stock fundamentals, know their business, and buy at the right time, you can catch really big moves over 1-3 month timscales.
I don't doubt what you have said and I agree with you completely. I'm simply saying that for little old me, watching demand/supply pressure ONLY makes trading easier instead of worrying about tomorrow's economic numbers.
There are a plethora of hedge funds and investment banks who hire a multitude of quants/analysts and use complex time series models to forecast these figures and most of the time, they turn out to be wrong (for example today's consumer confidence number). So if they can't ever get it right consistently, little ol' me wont be able to either.
By simply focusing on my style of trading, I'm able to maintain consistency and not have wild, erratic swings in my account. On the downside, I'll most likely never an year where I can make millions due to liquidity issues. But that's a price I am willing to pay.
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