My decisions in trading futures are based on following the smart money. They simply have more brain resources, more insights, and more money than I do.
I also invest in equities when they present good risk/reward opportunities.
Trendfollower Trader (independent), senior contributor for TheStreet.com & Stockpickr.com. Chart reading junkie. Give me a catalyst - http://www.thestreet.com/author/1186621/RobertoPedone/all.html
Founder and CEO of OptionsRiskManagement.com. We provide detailed trading ideas, stock watchlist updates, daily unusual options activity, weekend market updates, and a chat room. Subscribe for only $29.95/month.
I trade best when I don't even turn on any financial news. Analyze charts and set stop or limit orders. It's kind of like setting a trap and coming back later to see if you caught anything. Check markets at open and close. Ignore intra-day moves.
Investing is a skill mix of probability, human emotion analysis, an understanding of history... with a big dose of common sense. Its why I'm drawn to the discipline. If you don't value 10-q data, or have thin skin, you won't want to listen to me.