We live in times where information is available in seconds. For example the moment the Fed announce the rate decision you can get the info straight a way no mater where you are in the world. But does it matter?

I was reading the financial websites and got confused. One write says that the recession is over and the other one says that we haven’t seen nothing yet. And again I want to ask – Does it matter?

Lately I find it more like a noise that interrupt my trading. Lets face it: No one know a thing. If they would know something they wouldn’t write about they would trade according their knowledge. I can give you many examples for different opinion about where the market is going, and why but the most important part is that it is just opinion.

And I find that opinion is very dangerous in trading. I like to trade on automatic mode. Something like ‘the Dow crossed the 26 EMA and MACD is up – buy signal when it crossed down the 26 EMA close the position’. This is not an opinion… but if I read or listen to other people than I can start to think like ‘oh the Dow is too high now, and this Guru said that in September we will see big drop, so maybe I shouldn’t buy…’ and then the trade is over.

So I try less and less to read the paper and listen to the news. It just makes me depressed and ruin my trading style. Since than life is good! and more profitable too. I don’t need people to tell me what to think. I can do it myself.