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#1
10-15-2007, 06:03 PM
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Member
Join Date: Jun 2007
Posts: 32
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Do you keep your TV on while trading?
do you keep your tv on while trading? If yes, which channel do you watch? CNBC, Bloomberg, or? Do you keep it on just to keep you company or as a "market direction" tool? Do you follow tv stock advice?
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#2
10-15-2007, 07:03 PM
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Super Moderator
Join Date: Oct 2007
Posts: 621
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i find that analysts can never agree to disagree. all have different opinions that can be confusing to a trader.
earnings reports can be manipulated, truths become lies, lies become truths...etc. taking the advice of media gurus and analysts is very contradictory to making your own decisions based on what price is showing you. markets will always trend up, down, or sideways no matter what the news tells you. you can research this via backtesting. for instance...a few years back...the media (analysts) were telling everyone to buy ENRON even though the price was at a reversal. those who followed the trend down by being short made loads of dough...those who stayed long on the stock lost thier a**. anyways...to make a long story short...i personally do not watch the news; however, if i have nothing else better to do than watch my positions during the day, i ususally just watch reruns of south park and andy griffith. i place my trades in the evening well after the stock market closes, takes about 20 to 30 minutes. Last edited by Leth : 10-29-2007 at 01:24 PM. | |
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#3
10-17-2007, 01:04 PM
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Member
Join Date: Jul 2007
Posts: 86
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#4
10-29-2007, 01:05 PM
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Member
Join Date: Jun 2007
Posts: 37
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I watch CNBC, to keep me company more than anything else.
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A lonely trader | |
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#5
10-30-2007, 04:15 PM
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Junior Member
Join Date: Jun 2007
Posts: 20
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CNBC here. I remember traders in late 90s say that stocks mentioned on TV used to get a temporary boost.
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#6
12-30-2007, 04:52 AM
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Junior Member
Join Date: Dec 2007
Location: New York
Posts: 14
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Yes they did, remember lock? everytime there was a shooting that little stock moved. I don't have the tv on at all just my news call and my trading software.
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Those who cannot remember the past are condemned to repeat it. George Santayana | |
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#7
12-30-2007, 04:41 PM
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Member
Join Date: Jun 2007
Posts: 63
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#8
01-14-2008, 11:58 PM
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Member
Join Date: Jan 2008
Location: Philly Burbs, PA
Posts: 82
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I have CNBC on most of the time just in case some big event occurs but I get to the point where I hardly hear it.
__________________
I read somewhere that 77 per cent of all the mentally ill live in poverty. Actually, I'm more intrigued by the 23 per cent who are apparently doing quite well for themselves. --Jerry Garcia The idea is to try to give all the information to help others to judge the value of your contribution; not just the information that leads to judgment in one particular direction or another. --Richard P. Feynman | |
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#9
01-15-2008, 09:32 AM
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Member
Join Date: Dec 2007
Location: Rio de Janeiro
Posts: 93
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Quote:
Rockn' Roll Traders... 
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"Lead, follow, or get out of the way." Thomas Paine "Insanity is doing the same thing over and over again and expecting different results." Albert Einstein | |
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