When I first began, I had the notion that announcements were key!
I thought to watch the share price action as a result of announcements.
To my surprise, the share price action was often different to what I expected.
What I have concluded is that the announcement is not key afterall.
Have you yet decided if you want to be an investor or a trader?
Big difference ...
As an investor you buy on the value/growth of a company.
An announcement should be a catalyst or trigger.
As a trader you buy on a pattern (human behaviour) in Share Price Action.
No announcement required!
Hence the surprise!!
So in answer to your question:
Investors should find out about traders and how much influence they have!
Thanks for the above, puts things into perspective. My goal is to be a trader - and although I have spent the last couple of months reading heaps of books and online resources I still don't feel even remotely confident about jumping in just yet to try it in real life - the markets just seem way to bearish and volatile at the moment.
burglar seriously.
The Price of the underlying is all important and yet somewhat irrelevant.as are most announcements when taken as singularity's...announcements should be looked at as pages of a book, telling the story of XYZ...and then there's the bigger narrative of sentiment.
GRY is an empty book, no content just a nice back cover write up that shows some potential...and when you look inside you see that there's nothing there, its a work in progress.
Statistics: 114 Closed Trades since July 07, Winning Trades: 93, Losing Trades: 21, Expectancy/$1 Risked: $0.65
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