In this week’s episode what I’d like to do is share with you some insight about economic indicators and more importantly the Jobs report or the labor report.
Just so happens, we haven’t talked too much about the jobs report, or a lot of economic indicators, that come into the market.
What I’m going to do is give you some insight about this economic indicator, about the jobs report and really, does it really matter? Does it really not matter if you’re trading in the market?
I’ll give you some quick insight about this jobs report, in general what most people look for when they’re looking at this jobs report is they’re looking for how the economy is performing, it’s an indication of really how many jobs are created, how many jobs are lost, and it gets you to see how the fundamental market is really behaving.
Does the jobs report matter?
In terms of the relative size or relative scope to your personal positions, do you really care about the jobs report? Do you really care in terms of trading in your investments? Does it really matter if the job gain or growth is two hundred thousand, three hundred thousand? Does it really matter?
No, absolutely not, it doesn’t matter. What you care about when you’re looking at your trading, at your position, you’re looking at what’s your risk, how’s the market moving, how’s the market reacting, what is it doing and how does it perceive that jobs report. That means, what does it mean for everybody else’s trading as this job report comes out?
If you’re a retail trader, assuming you’re listening to this, you’re probably not a hedge fund, but if you are a hedge fund, you’re the type of person that can manage and move around the market.
But being a retail trader, what you’re doing with these jobs reports, is you’re watching to see when these things happen, when these economic indicators come out and then you’re tweaking and adjusting your position based on how the market reacts to them.
Focus on your position
Really it doesn’t matter if the job growth is great or if the job growth really just stinks and it’s horrible. All that you care about is how is the market behaving and how does that affect your position, your profit loss, your stocks, your risk within the market.
For everybody else in terms of, if they’re running a hedge fun, for them it’s a little bit of a bigger deal because they might be looking at a longer-term scope and they need to really manage and adjust their positions.
Running a marathon
How do they do it? Well, don’t stress about that too much, because it’s kind of like, if you go into a marathon race, or swimming, you don’t care about how fast the guy next to you really swims, if you’ve got, let’s say, 10 thousand runners, like in the Boston marathon, you care about your pace, your water, your liquid and how is your bike running in the tour de France. You don’t worry about the guy next to you as long as he doesn’t get in your way.
The same thing here, you’re not really worried about what the other guys are doing, instead you need to look at your positions and how that’s going to affect your positions when this economic indicator come out.
#economicdata #economicindicators #jobreports #laborreports #tradingjob #tradinglabor
Posted at: https://tradersfly.com/blog/ep-74-economic-indicators/
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I would like to have you do one on how to read the Company financial reports. Great stuff!
Hi Sasha, thanks for creating these videos. I see you're mentioning "indicators" and economic data you refer to the trades that you have made successfully with the ABCD patterns and the support line. On your review on Tesla on 17:00 you say "We are not doing on heavy volume but more volume can come in" I just have two questions:
Do you already have prior news about Tesla's volume increasing?
Why don't you explain why there would be heavy volume coming in?
Thanks.
Hey I love your work . Keep it up. When we do have d= those crazy trading days, can you post recap video of the day . Perhaps put the day in title of video.
Can you (or Someone else tell me) make a video about how you find/found good
( I don't mean hot stocks )
Good videos recently
I've just started trading and I'm very grateful for all the insight you provide! Thanks to you, I've been better to control my emotions, be more knowledgable all around. Thanks for putting out this free content! I'm up 10% on my account since I began, and I owe it to you. I'll be sure that once I become more knowledgable to give back and follow in your footsteps. Awesome content and keep up the amazing work!
"Start slow, build things!" Best takeaway from this video ;)!
Thanks a lot for your time and ideas,,,I can't say thank you enough ?
Congratulations, Word Wizard for making 60-70 hours Option Trading Mastery course!
I pray for getting the advanced course around May. Let me be your 1st Client, Sasha 🙂
Hey Sasha! Just bought 2 of your books and currently loving your videos!
Would you mind to make a video on how to read quarter earnings? This would be really helpful!
Thanks and stay profitable!
Enjoy the comedy show, come back with some trading jokes.
Thanks again for the video, great insight as always. Although I expected to hear more about the jobs reports since that's what the title is about. I try to trade around the market using ETFs like UVXY/TVIX and XYV/SPY and hoped to get more insight on how the market reacts to the report and if the report is good or bad what does that mean for the market and not for individual stocks.
Great video!! You know what caught my eye during the end of your video. I kept on looking at the chart you had up on The Walt Disney Stock. (daily) I was looking at the huge sell off around the beginning of August. That is scary.. because it looked like the stock was on a up trend before that. I wonder what caused that? Do you have any idea?
Thank you again!! Sasha for making this video.
can you make a video on how different stocks moves compare to the market because I noticed most stocks moves with the Market and why do they?
Which trading platform/broker would you recommend? There is a new one that came out called Robinhood with no commission, but you can only buy and they don't have charts like that. Which one do you use? Спасибо!
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