How do you balance the use of quantitative and qualitative data in your technical trading decisions?
Balancing quantitative and qualitative data in technical trading is a nuanced skill that can significantly impact your investment decisions. Quantitative data refers to measurable figures such as price trends, volume, and historical data points that technical analysts use to predict market movements. Qualitative data, although not measured numerically, includes factors like market sentiment, news events, and economic indicators that can influence trading decisions. Your challenge is to blend these two types of information effectively to form a comprehensive trading strategy.