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Trade The News....AWFUL
- Thread starter Longhorns
- Start date
Quote from crgarcia:
What are news to you?, Real news?
Most large players already know economic news days before their release.
It is said that because they have so good analysts that are very good forecasting news.
A conspiracy theory says that government agencies leak the financial data (for a bribe, of course).
Whatever the reason, they know it beforehand.
That's a bunch of philosophical BS, tied in with some efficient market theory, which is just more BS.
Traders know that certain news will move stocks, and nimble traders make very good money listening to the breaking news and reacting accordingly.
TTN is actually a very good service bit with any service there are flaws. for example,a company comes out with earnings guidence and TTN reports it wrong or does'nt exclude a gain ect... briefing.com does the same thing and you can get whacked hard. i would rather read the news and let the stock base then buy.you will lose in the long run trading news as it comes out,at least i do,especially when it comes to earnings. too many things to read in a report for one to digest in seconds. nothing like buying a company after they raise guidence but to then see the bids completely disappear. its a bad feeling.
Quote from The Swordsman:
You must be nuts, a few weeks ago a trader at Hold Brothers caught almost 2 pts on 400K shares of CFC. He was DEFINITELY using a news service. I heard this from a friend that trades there.
a few of us at hold brothers have nitched out a decent living just trading news. There is opportunity just looking at the Bloomberg and Reuters news wires just waiting for stories all day. We have been able to keep ahead of the curve as many of our traders quit after NYSE went Hybrid. I'll be the first to admit i cant trade that good other then news
Quote from crgarcia:
What are news to you?, Real news?
Most large players already know economic news days before their release.
It is said that because they have so good analysts that are very good forecasting news.
A conspiracy theory says that government agencies leak the financial data (for a bribe, of course).
Whatever the reason, they know it beforehand.
I dont think you can forcast an announcement . You might be right 60% but that 40% might break you . Look at the last nfp # . Adp # said there was a gain of 140 K then the real # was in the negative . I think the big boys only trade on a sure thing .
i agree ttn is horrible. i use esignal news
Quote from The Swordsman:
You must be nuts, a few weeks ago a trader at Hold Brothers caught almost 2 pts on 400K shares of CFC. He was DEFINITELY using a news service. I heard this from a friend that trades there.
DJ Scoop As BoA Moves On Countrywide Lifts Entire Financial Sector
http://www.djnewswires.com/us/beats2008/Newsbeat_Countrywide_01-10-08.pdf
http://www.djnewswires.com/eu/2006PDFFactsheets/DJdotcom_guideglob.pdf
DowJones scrolling in a browser. Not sure of the cost but must be cheapest way to get it as you don't have to subscribe to a third party platform.
Quote from rsikit:
I agree, I can trade off bloomberg and make a ton of money just reading the news and playing it live as it comes out. It is a vital service to catch the markets and make big profits!! Yes and I agree TTN sucks. The only real great news service is bollmberg but they are so expensive!
Are you using the Bloomberg news service or the dow jones on bloomberg?
Thanks for the heads up Longhorns. My office (pussies) dont want to continue chipping in for Bloomberg and I dont feel like eating the entire monthly cost so we were looking at alternatives. TTN was on the list but isnt now.