Should Day Traders Watch the News?

In this video, I delve into the dynamics of day trading, focusing on how crucial it is to respond to price movements and volume without getting bogged down by the underlying news. I start by discussing the common misconception that news should dictate trading decisions and demonstrate through a specific example involving a surge in pot stocks. Utilizing visual aids like charts and volume indicators, I explain why day traders should prioritize market signals over news narratives. Moreover, I introduce practical tools like the Webull scanner to efficiently identify trading opportunities, highlighting how these can save time and enhance trading efficacy.
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Video Chapters:
(00:00) - Introduction to Trading Focus
(00:46) - Case Study: Pot Stocks Surge
(01:57) - The Cost of Focusing on Why
(03:12) - Utilizing Trading Tools: Webull Example
(04:54) - Final Thoughts on Day Trading and News

[@claytrader]

This Free Event Reveals: How I transformed myself from an employee to my own boss (and how you can too, even with no experience!). Register: claytrader.com/1-hour-trader-transformation/?

[@bryanmiller9176]

Would the news be considered fundamental?

[@claytrader]

I think that'd be a fair classification.

[@dlbok7996]

👍

[@claytrader]

:-)