[Soultrader]

A day trader finds opportunities in a trending market or a rangebound market. You can buy the dips in an uptrend and short the rallies in a downtrend. You can fade the upper and lower extremes in a range or play the breakouts of key S&R levels.

Day traders are also aware of key economic numbers that are released everyday. I like to watch how the markets react to the news. I also like to watch the overnight session and the market reaction to any significant overseas news.

My question is are day traders 100% technical? From my own experience, I am 100% technical. I have never paid any attention to fundamental news, and economic numbers do not really bother me. All I do is watch the market reaction to the news.

As a day trader, there are only a few options available each day. Buy pullbacks, short rallies, fade ranges, play breakouts, or stay flat.

What are your thoughts on this?