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Inflation worries disappear in 24 hours |
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人鱼小姐 [博客] [个人文集]


头衔: 海归上校 声望: 学员
加入时间: 2006/01/19 文章: 461
海归分: 61542
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作者:人鱼小姐 在 谈股论金 发贴, 来自【海归网】 http://www.haiguinet.com
What a difference 24 hours make. The market gapped down due to inflation worries 24 hours ago. The "Big Picture" crowd was ecstatic that their hypothesis was right. Yesterday my mailbox was full with mails asking is this a good short. But unfortunately the market has its own agenda. Today it is in rally mode. That should not have come as a surprise to most astute traders.
The moral of the story is you should not trade based on macro factors unless you have a system based on it. Also most of the macro stuff requires a different trading instrument to trade. The timeframe used by the macro traders is very different. On a day to day basis you should not get influenced by such macro factors. Look for persistent market tendencies. Look for tradable edges. At least that's what I do. I read and keep track of lot of the big picture kind of stuff but it has does not affect my trading.
Most of the macro stuff never comes true. Just go back and read the last 10 years of The Economist magazine, the macro traders bible and see for yourself .

The Economist Inflation Cover June 19th 2004
A macro inflation call just two years ahead of time. If you traded based on that, you would be looking for a job at The Economist.
作者:人鱼小姐 在 谈股论金 发贴, 来自【海归网】 http://www.haiguinet.com
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Inflation worries disappear in 24 hours -- 人鱼小姐 - (1347 Byte) 2006-8-03 周四, 06:35 (1731 reads) |
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