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I never really cared much for team sports or watching sports for that matter.........
I trade technicals and price. Tech can get just as convoluted as funnymentals so I tend to keep things simple.
I don't get into elliot or gann or astrology..... just simple price momentum and probabilities.
That Cuban quote is pure wisdom. My whole trading ideology is based on supply/demand of shares and he pretty much confirms everything I've ever felt were sneaky about fundamentals and how the public reacts to them.
That Murphy quote is exactly what someone who sells chart books would say. Sure, it is better to have a crystal ball than to look at financial information. Only a fool would disagree with that, the problem is a crystal ball is the tool of charlatans.
The longer I have been around the markets the more obvious it is that of course fundamentals matter. Pricing forward the fundamentals is exactly what markets do and what you help to accomplish by trading. Don't confuse that with trying to generate future trading signals by looking at stale quarterly statement data that was priced in 2 months ago. Of course that doesn't matter or work but I just don't see the value in dissociating things to where trading is just mouse clicking.
Not to mention to say something like the business cycle doesn't matter is flat out wrong unless you have only traded through less than half of one.
The closer you get to trading being a mouse clicking game you take a lot of the emotion out of the process.
In the short term you are trading on other traders perception of the fundamentals. I don't have to know why other traders are buying or selling. There is no way I can know. All I have to see is whether there is more supply than demand or vise versa. Price tells you what the market is doing. If you need to know why then you can use the fundamentals to explain the price movement. But in reality price moves because of supply and demand.
The business cycle is of little use to a short term trader.
"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard