For a day trader, it is better not to allow all these economic indicators and news to mess up your mind.
Good results get published , the stock price falls.
Market opens big gap down because of bad economic indicators, but closes in green.
Corona Virus Surge, but Market goes up.
Interest rates goes up, and market falls, the same interest rate goes down the next year but the market still falls.
When the country publishes a good gdp outlook for this year, the same evening rating agencies comes out with a dim gdp outlook for next year.
Now, where is the space for a daytrader to even meaningfully interpret these indicators in a matter of 6 hours, when each time the market reacts differently to the same indicator?