Do you listen to financial networks networks while trading? You shouldn't

I have an open mic policy in my room that allows trading room members to interact with me while trading cash. It’s not uncommon to talk to a room member and hear the financial network run in the background. I believe that trading while listening to financial news can be very damaging to your trading success. These networks are usually evaluated by individuals in assessing current market conditions and forecasting various aspects of trading and investing.
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But there is a particular problem in getting trade information online. They all have an agenda that you may or may not top up in the store. In addition to having an agenda that is usually based on the political affiliation the network nurtures, many of these people only speculate about the possible outcomes of day-to-day market activities. What is good?
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In order to be a profitable trader, it is crucial to create your own chart analysis and run trades based on that analysis. In the short term, chart analysis alone is an acceptable trading method, along with a dash of real-time indicators. There is no doubt that a television “talking head” can predict short-term price movements.
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Today was a great example of why your analysis is much more valuable than an online brain trading store. I often listen to one or more financial networks before trading begins because I was interested in stock issues affecting NASDAQ. There was a general consensus among morning panelists that NQ would make a new high in the morning session.
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Guess what? The morning NQ action was up, not up. The market did not make the slightest attempt to rally, but remained in the degrading channel to continue and spent a good deal of time testing new levels. So much for television forecasting. Usually these are just generic guesses that often coincide with stock issues in the speaker portfolio. Even worse, there is a good chance that this may be simple speculation about it could happen.
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Another great example of the misinformation that these “talking heads” were spreading out of the market before overnight futures. In my experience, since futures prices are lowered overnight, it indicates only a small correlation to what the cashiers were planning for the day. So next year, hear, “overnight futures stocks show the market will shift to the weak side,” and you can dismiss the data as nonsense. Overnight traders and cash session traders are two different groups and often have different goals and motivations.
In short, listening to music or just enjoying the silence while trading and trading tips provided by professionals can cause you (or I) to have a directed bias. The day you have the bias of dubious distinction is a recipe for a trade disaster. Do yourself a favor and leave yourself to the “experts” and make your trading decisions based on what you see developing on the chart.