Who is trading stocks based on news soley?

So may I ask what is a very fast reliable news source?
I currently use iqfeeds freebies and flyonthewall(*slow)

tia











*No offence to fly lovers
 
I think they just use their eyes and key on certain words that they know will affect the stock one way or another. The ones that are very successful have been trading this way for 3+ years so they know what to look for.


Quote from Bernard111:

Do they use some 'toolkit' /filters to extract the interesting news from selected equities or do they make the job manually with their eyes only?
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I can see how this strategy can be useful with the Forex markets.

Does anyone have any more information and/or another thread to read.

Thanks!
 
Quote from candletrader:


I believe Stevie Cohen at SAC does quite a bit of news trading...
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Yes, but he probably scaling out of the position, selling the news since he already knew about it 3 days b/4 the release..
 
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