|
PureBytes Links
Trading Reference Links
|
There is one other answer. If you look for volatility, use options in order to
take advantage of the volatility, no matter what the direction. Ira.
T-Bondtrader wrote:
> >I haven't found one and occasionally get dinged on a day when some
> unexpected >news comes out
> >
> >
>
> If you are day trading and are in the market when an economic report is due
> then you are gambling on what the market is going to do. It is best to
> withdraw to the sidelines and then re-join the market afterwards, according
> to what the price action is showing you what the market is doing. There
> are a number of sites to keep you on track with reports, such as
> Dismal( www.dismal.com/economy/releases/calendar.asp) or CBOT
> (www.cbot.com/marketinfo/calendars/ficalendars/currentfi.pdf) and it is
> essential to have CBNC turned on when you are trading to pick up sudden news
> items and confirmation of reports (but run the television on mute, so as not
> to be influenced by those who think they know what the market is going to
> do - which is definitely of no positive value whatsoever, and almost
> certainly negative if you hear it!)
>
> Position trading is a different matter and you should seek the experience of
> those that can play that method of trading successfully...
>
> Hope this helps
>
> Bill Eykyn
> www.t-bondtrader.com
> "Learn to read the tape"
>
> >
|