As a longer term trader - and perhaps that’s not a good futures/commodities strat? - I’ve been watching it tick higher! Thinking - without regret - about my TA earlier. Gave myself a gold star on the forehead!!
Richard Ney railed against this decades ago - pre-interweb. Said that all the news/opinion is curve fitted or in some cases simply marketing developed by the markets for the markets then fed to the media and the folks behind the markets take price to where they want for their own enrichment.
He wrote “The Wall Street Gang” and the “Wall Street Jungle” Both were a big “eye-openers” for me. However, given the tech revolution and era of the “Flash Boys” I’ve been wondering if his revalations still hold true.
[quote=“Manxx, post:961, topic:83773”]
It is optimising the exits that causes most difficulties, I think.
[/quote] True for me! Which is actually a very silly statement.
Not sure if that’s a good idea. I believe the discussion of thoughts or the opportunity to explore new information or a different perspective is invaluable - I’ve learned so many, much more big words since I joined BPs!!
Perception is an interesting thing and ones ability to change that within one’s self is very limited without external input or information to avail one’s self to.
Stepping off my soap box now…