DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Eric P who wrote (1628)	7/7/1999 11:39:00 PM
From: Richard Estes	Read Replies (2) of 18137

And they are wrong 80% of the time. I never read stock news, Analyst's reports, or company reports. They are external to Price. Trades profit or lose on the basis of price movement not attempts to manipulate by the brokers and media. As for listening to other ideas on market and direction from the "writers", I would rather be my own counsel. When you give up the independence of a trader to let the thoughts of others invade your mind then they become part of the decision process on each trade. " I should buy/sell because X said such and such, and I wanted a good reason". Guess the DOW or S&P is good cocktail party banner, But what will that have to do with the stocks you trade? Most days, I don't even know where indices are. IF my stocks follow market then their price movement shows me. Maybe people should not look for pros outside themselves but spend effort and time honing their tools.

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