Yesterday I was asked if I was watching the Big 4 CEOs congressional anti-trust testimony.
My answer was an emphatic “no” and that I’d rather stick a fork in my eye.
Maybe not literally, but that’s how little I care about this kind of stuff. It’s mind numbingly boring to watch those brilliant men speak.
More important, watching them speak has no impact on my trading. I don’t need to know what they say.
All I need to know is how PRICE REACTS to what they say.
This is a problem for many traders who become obsessed with the news cycle. It’s why a lot of traders lose. Most of the information out there is designed to make you lose. It makes you emotional, feeds the FOMO beast, and takes the focus off what is important.
Anything outside of price action and true technical analysis is great for news junkies, but useless and even harmful for a trader.
Watch Netflix for entertainment. Study charts for trading.
This is post #2 of writing everyday until the end of the year. It may be a little or a lot. Some of it good and some of it bad, but I will write something every single day.
For more on swing trading check out my swing service at bullsonwallstreet.com