Is news necessary to trading?

OPC · Feb 24, 2003

Dear brethren:

Do you think that reading news is an integral part of successful trading? Have you ever experimented with a pure technical approach, i.e., no news at all?

OPC

NYSE Trader · Feb 24, 2003

for pair trading, not knowing the news fast enough was a real detriment...till I spend some big $$ for premium news from different sources.

I've been thinking of getting a Bloomberg terminal...any experience out there on Bloomberg news?

ThatManFromTx · Feb 24, 2003

A trader told me he never let the news influence his trading... until the day he shorted Walmart.. the same day KMart filed Chapter 11... he said it was "painfull"...

OldTrader · Feb 25, 2003

Quote from OPC:

Dear brethren:

Do you think that reading news is an integral part of successful trading? Have you ever experimented with a pure technical approach, i.e., no news at all?

OPC

Let's put it this way: it isn't so much the news per se that's important...it's the market's reaction to news. The market's reaction to news gives you trend confirmation.

OldTrader

marketsurfer · Feb 25, 2003

Quote from OPC:

Dear brethren:

Do you think that reading news is an integral part of successful trading ?

OPC

no

randynutts · Feb 25, 2003

huey & the news??

OPC · Feb 25, 2003

Quote from OldTrader:

Let's put it this way: it isn't so much the news per se that's important...it's the market's reaction to news. The market's reaction to news gives you trend confirmation.

OldTrader

That's the way I had been using it, until my news source decided to raise the fees and provide only real time news. I feel I just don't need that. Technicals do a better work in analysing the short term picture.

Does anyone know of a news provider, in a delayed basis, for market close reports of the major U.S. commodity markets?

Thanks.

OPC

richtrader · Feb 25, 2003

Not only do I not read news, but I don't even look at the names of the companies I trade. Symbols only. I don't want to be biased.

le140 · Feb 25, 2003

Briefing.com is all I need for the past 10 yrs. Wait til everybody knows about the news, see how they react to it and sometimes I go along if I am early enough or fade it if I am late.

But I think the trick is to make sure traders get shaken out of stops before u fade the fade.

OPC · Feb 25, 2003

Quote from richtrader:

Not only do I not read news, but I don't even look at the names of the companies I trade. Symbols only. I don't want to be biased.

Have you ever read news in your trading experience before and how do you compare results?

OPC