I would guess that most of us from time to time have followed the crowd, listened to a news program opinion, took a hot tip, followed the advice of a so-called expert, and soon learned that we were going in the wrong direction. It is also true that we, on occasion, have gone against the popular opinion and all of the noise and soon found out that we were right. Which one of these decisions made us the most money?
If you follow your indicators and trade the way you read the market then you will be in the minority. For every winner there are nine losers. That is why the winners win so big and the losers keep on doing what they do and keep on losing. Then they still wonder what is happening to them and why they can not make money in the market.
I use all of this noise as a heads up to check my indicators and get my own reading on the market then make my own decision. The more noise I hear that the market is going in a certain direction the harder I look at my indicators and make sure I know what my signals are telling me. It takes time to learn to be in tune with the market but once you find the connection you will be more relaxed and patient, waiting for the market to tell you what to do. It is at this point that you will start to make the big bucks.
The market is a lonely business so you have to find a balance between being alone and whom you talk to about the market. Find some like-minded traders and help each other grow and trade wisely. You will also find that once you are steady in your trading there will be many people wanting to get your advice on the market. When you tell them you do not know what the market is going to do they wonder why you cannot look into you crystal ball and give them advice. Well it is because the market is not telling you right then what it is going to do. At this point I let them know that my indicators are not set up yet so I am calmly waiting for the proper signal.
Study, have fun trading and prosper.