>Keep multiple respected, popular financial news outlets open and on autorefresh all day
>When they release a hype promotion of how well a certain company is doing, buy stocks for that company as quickly as you can
>Wait for other people to hype buy, sell when it peaks
Anything bad with this strat?
>>1377282
that's basically what everyone does
It doesn't help that you think you gotta go fast
>>1377290
Why doesn't it help? If you buy before everyone else you'll get it for lower right
>>1377297
>If you buy before everyone else
Good luck with that. You clearly have never traded before.
>>1377302
Nah I haven't, I've only got long term blue chips at the moment
>>1377307
Institutions buy before news releases so you can't be faster than them.
>>1377316
But doesn't the effect of the common plebs purchasing power give the stock value a noticable leap?
Here's a better idea. Use a website that keeps track of insider buying and selling. It's a way better signal for trading.
>>1377319
Are these commonly available, and if so why does everyone rely on traditional news outlets for financial inclinations?
short term trading is basically impossible. You should buy stocks with the idea of holding them for at least 6 months
>>1377318
No because plebs don't move the market, institutions do.
>>1377282
doesnt the market react 30 or 40 minutes before the news story breaks on your shitty cable news channel? Do you have some fancy news feed on a Bloomberg terminal or something
>>1377282
This strategy works, but not with penny stocks. People use automatic computer programs to buy and sell penny stocks.
>>1377634
It would probably only work with penny stocks you fucking retard. Institutions don't trade them, and neither does anyone else. You just got the other wannabe traders to contend with.
>>1377282 (OP)
hard to say but keep in mind that robots are now writing news stories
http://www.ft.com/cms/s/2/bb3ac0f6-2e15-11db-93ad-0000779e2340.html#axzz4EEpIJa6w
and robot traders are interpreting those news stories, all in tiny fractions of a second that are too fast for the human brain to even percieve. autorefresh may not help you.
read 'flash boys' by michael lewis. the people who profit from robot traders have spent vast sums of money building dedicated fibre networks. theyve spent vast sums of money acquiring facilities that are geographically close to the exchanges all to gain a fraction of a second of edge.
>>1377323
>short term trading is basically impossible
How much did you lose?
>>1377297
better to buy when it dips because everyone is scared shitless IMO
>>1379392
Some people are capable of learning from others. You are not and are stuck having anigger brain
>>1379477
Do not be upset.
You will make money to replace what you lost.
>>1377282
The bigger fish can come in, absorb, and erase all hype, taking everyones cash dollars.
