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Day Trading into News - IS THAT REALLY A GOOD IDEA
Manage episode 303280763 series 2983786
So you want to trade into news now, is that a good idea?
What's news? We hear the rumor, you know, well, the saying, I guess you could hear it says buy on the rumor, sell on the news. Right. So right there, we know just from that one thing that we are already getting the news way too late.
And that's cool, right? Because if we're smart, we wouldn't even be buying on the rumor in the first place. And we don't we will be selling on the news because what we do is educated and calculated moves rather than just my grandma said it's a good idea. Or, you know, Kramer on Mad Money said it was a good idea as well, because, again, that's already news. Right? So by the time he's saying anything to us, it's pretty much a sell or buy.
But we don't really know. Right, because we need to make educated rules. So here's the thing. News can really mess with the market, messy, it gets super messy, and if you are a day trader, you really do not want to be part of the news.
72 episodes
Manage episode 303280763 series 2983786
So you want to trade into news now, is that a good idea?
What's news? We hear the rumor, you know, well, the saying, I guess you could hear it says buy on the rumor, sell on the news. Right. So right there, we know just from that one thing that we are already getting the news way too late.
And that's cool, right? Because if we're smart, we wouldn't even be buying on the rumor in the first place. And we don't we will be selling on the news because what we do is educated and calculated moves rather than just my grandma said it's a good idea. Or, you know, Kramer on Mad Money said it was a good idea as well, because, again, that's already news. Right? So by the time he's saying anything to us, it's pretty much a sell or buy.
But we don't really know. Right, because we need to make educated rules. So here's the thing. News can really mess with the market, messy, it gets super messy, and if you are a day trader, you really do not want to be part of the news.
72 episodes
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