I find the whole cycle of news that affects the markets quite ironic. Will the report of low consumer confidence send the markets down? Were these consumers taking the survey while loading up their shopping cart on Black Friday?
Which will the market give more credence to, a survey or the cold, hard 8 percent increase in sales versus last year? Seems to me consumers are doing one thing and saying another. I find the daily fluctuations of the market fascinating even though I'm not particularly interested in day to day for my own investment decisions.
not sappy at all. I am very thankful I live in the best country in the world, with the freedom to live my life the way I want. I think that is why I get so upset with the doom and gloomers. They do not see the greatness all around them everyday and instead concentrate on all the negative. If I had to live my life with that outlook what's the use?
yes while it would be a pain to lose everything I have in the market, all the money I have in it is money I can lose. Most is OPM so I can trade with little fear, the greed part still causes me some diffuculty. I shoot for small profits 1-2% a day to counter the greed factor. It works sometimes.
I had to disconnect all feelings of fear and greed.
I also came to accept that if I lost every dollar I put in the market I would simply lose my chance at absolute freedom. At worst I will simply not retire quite as young and have the extravagant comforts I always wanted. I will still live better than a majority of people.
Good catch. That observation usally takes investors/traders many years to understand. The market on a daily basis is based on nothing but fear and greed. For instance why is GME worth 2.7% more today than yesterday? The company probably did not open anymore stores overnight, it did not make any new product, it might have sold some more VG's but 2.7% more? doubtful. The shortterm movement is nothing more than the greed of people buying because ATVI said sales were good. Some knew that already, some didn't. To make the most money in the market is to know the truth before others and have faith in that knowledge. The more you follow the market the more you'll understand that you can do two things. either invest day-to-day or invest for the long term.
any other way IMO is subjecting yourself to too much emotion and too many reasons to shake you out of your views.
"To make the most money in the market is to know the truth before others and have faith in that knowledge."
I think this is right on, but for me it's easier to know the truth before others or have faith in the truth over the long-term rather than day to day. Short-term traders can probably make more money than me if they consistently know the truth before others, but I think it's extremely hard to do consistently. I think I can make more money by having faith in the truth through the ups and downs over the long term. Obviously my knowing WHEN to buy could still use some work, but this is my first try. If my first try at sorting out the "truth" about an investment is successful (GME is a good, strong, growing company), then I'll take the knocks of missing the buy-in price and learn.
Plus, doesn't Wall Street realize that consumer confidence is affected by the markets. If the average consumer is picking up the paper and reading Dow falls 200 points, is that going to make them hopeful? So, why I understand the potential usefulness of the survey in some part, if the market uses it too heavily as a barometer, I think they're making a mistake since the market itself can influence consumer sentiment. Perception and reality are sometimes hard to distinguish (true for bad times or good).
Who said "It's never as bad or as good as it seems"?