Please share best website for online live almost real-time market commentary...

Niks · #11 19th November 2008, 02:40 PM

Quote:

Originally Posted by biyasc

never thought/traded in this way. but after reding your post i feel happy that someone trading these news in proper way. keep it up.

See these news comes way ahead on Reuters/Bloomberg, and you can choose the option that it comes as a separate notification. Now any nitwit can write a program to parse the notification such that (say)
IIP data has value (x,y) buy NF 2 lots
IIP data hay value(y,z) buy NF 10 lots. Easy money?

I am in contact with a very senior trader, and these models don't work good for even institutions. I mean some people do use them but it's not as cheesy as mentioned here. It's the perception of news on the tape that matters rather than the news itself.

regards
Nikhil.

Adheer · #12 19th November 2008, 07:11 PM

Consider trading like a sport ... a game of cricket.

The sportsmen (cricketers) do not decide their strategy and play their game based on the commentary from the commentators box. Commentary is for the entertainment and enlightenment of the viewers.

Likewise, the successful traders take their positions based on their inherent skills, research and talent.

Whatever you want to see, hear and feel about the markets ... is already reflected in the charts.

People can be dishonest ... charts never lie.

suba_stocks · #13 19th November 2008, 08:48 PM

Quote:

Originally Posted by fast_rizwaan

and that 1% makes the big difference while day trading..

1. finance minister comes on tv, and nifty rallies 100 points.
2. IIP data comes and market rallies 100-150 points.
3. Inflation Data comes and market crashes 200 points.

4. Advance/Declines ratio - helps to understand the direction of the market.
5. Sectors wise movement - also helps for a intraday trade.
6. Asian markets give morning direction upto 11-12pm.
7. European markets will make or break the indian markets by 2-3pm.

excellent...rizwaan...you are correct.

regards
suba

Subramanian.K.V. · #14 19th November 2008, 09:51 PM

Stockstrend.net gives best recommendations for the intraday for their subscribers.
Subramanian.K.V.

tomdickpary · #15 19th November 2008, 10:28 PM

dont west ur time weaching tv .read more and more trader ji all post .then u can make good trader .

Niks · #16 6th January 2009, 12:08 AM

Quote:

Originally Posted by biyasc

never thought/traded in this way. but after reding your post i feel happy that someone trading these news in proper way. keep it up.

Was browsing but could not help mention about the America's top trader, made in first 5 months in 2008 as much as his entire profit in 2007, who does news based trading.
If interested, there are many advise from him available on other forum: http://www.elitetrader.com/vb/showth...63#post2219363
http://www.elitetrader.com/vb/showth...63#post2219363

Quote:

Keith O'Malley, 30
Another grizzled 30-year-old, continues to give Hold Brothers -- and prop trading in general -- a good name. In just the first five months of 2008, O'Malley reportedly matched his entire profits of 2007 (he was said to have made a killing the day BofA announced it was taking over Countrywide), and he is apparently on a pace to make eight *figures this year. Not surprisingly, he's considering starting his own hedge fund.
http://www.traderdaily.com/magazine/article/22821.html

fine if it can be your piece of cake

The Following User Says Thank You to Niks For This Useful Post:
biyasc (19th November 2008)

The Following User Says Thank You to Adheer For This Useful Post:
Niks (19th November 2008)