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pragmatic-trader said:
It's a total myth. Citadel's position taking in equities is correct on only 52% of earnings releases. Citadel's HFT has the correct deltas going into macro numbers around the same frequency too. I know many people in these firms and there is no such thing as predicting news.

You can probably find a dodgy small prop firm which is illegally doing it because they have insider contacts but there isn't a systematic ability among the big players to do it.
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Only the main releases, NFP and the like or if your in oil supply / demand issues.
 
pragmatic-trader said:
What's the fastest news service for US cash equities trading? I heard that Benzinga is not the fastest but am not sure which one is
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I would try to get a subscription to whatever service the Kodak Executives & Friends are using:
https://www.cnn.com/2020/08/10/investing/kodak-loan-pause/index.html

Now, that's some fast news service for US Equities trading!

AND, also have a subscription for a service to get you out, God forbid, the shit hits the fan:
https://www.forbes.com/sites/chrisc...odak-of-insider-trading-charges/#3c0ab5455919

Easy!!!
 
You can try Bloomberg or Reuters news services, if you can afford the 2 grand a month subscription.

But again don't expect any miracle, the important market moving news are sent to the super wealthy clients first, on a very hush hush basis... :cool:

Not even freaking Gordon Gekko can get them first, he is not rich enough. :D
 
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pragmatic-trader said:
At 8:34:00am (which is AFTER my SLOW news service printed) the price was $3.93 then took 5 minutes to spike up to $7.00. If I got it through BZ I could have been first print.
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Yeah right, you truly believe that your limit order would have been executed after such a sudden spike, news or no news?
 
Tradex said:
Yeah right, you truly believe that your limit order would have been executed after such a sudden spike, news or no news?
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Given that it was gradual buying for almost 10 minutes after the PR hit, and I can place a limit order in less than 5 seconds, my answer to your question is "obviously yes".
 
pragmatic-trader said:
Given that it was gradual buying for almost 10 minutes after the PR hit, and I can place a limit order in less than 5 seconds, my answer to your question is "obviously yes".
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The pros usually fade the news (they simply use them to cash their chips).

Look at the price action a few moments later, the stock (SGLB) lost more than 50% of its value.

So much for "news"...
 
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pragmatic-trader said:
It's a total myth. Citadel's position taking in equities is correct on only 52% of earnings releases. Citadel's HFT has the correct deltas going into macro numbers around the same frequency too. I know many people in these firms and there is no such thing as predicting news.
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You do and they tell you their performance details to the 2nd decimal point? Right...
 
Tradex said:
The pros usually fade the news (they simply use them to cash their chips).

Look at the price action a few moments later, the stock (SGLB) lost almost 40% of its value.

So much for "news"...
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I know that SGLB faded. Doesn't mean there wasn't a scalp there to be had. PR involving new contracts with brand names in small caps often have a protracted volume move for a scalp. But I am not going to hold a swing long low float gapping up 80% with potential dilution.
 
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