“Pros care very much about who is in the markets and why markets are moving. The principles provide a framework for making sense of market behavior, which then can be used to filter the setups provided by charts, cycles, and the like. The really good traders understand markets; they don’t just predict them.”
(via Thought of the Day… « 50’s Blog)
I read this as traders must look at fundamentals even if they don’t trade the news. 50 took it as traders must look at the charts and understand the different levels where flows could possibly change. Two different takes and both right depending on your trading style. I love the differing perspectives.
I am a woman born to Nigerian parents, walking with God, interested in art and technology yet passionate about economics, investments, and capital markets.
At 30, I started this site to be a collection of all that and more forming an eclectic collection of real information. Read more.
"Faith might do, accomplish, and create a lot. In fact, it does."
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