Trading year for you so far. What are some tricks that have really been working this year . You have to differentiate between what you think is gonna happen and whats gonna happen. Now, it took me a long time to do that and i wasted a lot of money fighting what was really gonna happen versus what i thought should happen. And i think a lot of folks have started to take some money off the table worrying about the stock market continuing its march. But the fed is data dependent and we dont believe that were gonna see that data change very much. The u. S. Economy is still in trouble. Theyre still gonna accomodate loose money policies still on the table. The stocks are going to march higher. Whether you think its manipulated or not, thats just the world we live in today. How have you been handling the hedge funds . Theyve been taking these large shots at companies, making a lot of news, a lot of noise. But what have you been doing as a trader with that information . Unfortunately as a trade
The United States triple a status could be soon be downgraded because of the debt ceiling gridlock. Stock were on a roll but stumbled yesterday after the house the dow fell 133 points, the nasdaq 21 and s p slipped 12. Gold edged up 3 and oil down a buck 49. In earnings after hours intel beat wall street estimates but failed to confirm growth in the 4th quarter. Yahoo topped earnings by a penny on revenue that was just barely shy of expecations. A Financial Times report says amazon is creating a smartphone with htc. And twitter chooses the New York Stock Exchange over the nasdaq for its ipo. Alan knuckman of trading advantage joins us now. Alan, you are watching the d. C. Drama. Good morning to you. What does the market think . Actually thats the only thing we want to focus on. Focus on what the markets telling us. Opinions and peoples emotions dont matter. You dont make money predicting events. You make money predicting where you think the markets gonna go and using good risk reward a
What are some tricks that have really been working this year . You have to differentiate between what you think is gonna happen and whats gonna happen. Now, it took me a long time to do that and i wasted a lot of money fighting what was really gonna happen versus what i thought should happen. And i think a lot of folks have started to take some money off the table worrying about the stock market continuing its march. But the fed is data dependent and we dont believe that were gonna see that data change very much. The u. S. Economy is still in trouble. Theyre still gonna accomodate loose money policies still on the table. The stocks are going to march higher. Whether you think its manipulated or not, thats just the world we live in today. How have you been handling the hedge funds . Theyve been taking these large shots at companies, making a lot of news, a lot of noise. But what have you been doing as a trader with that information . Unfortunately as a trader you have to have better tim
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