3259
() 🐂 Bullshit 💩
posted ago by SalamanderBlizzard ago by SalamanderBlizzard +3259 / -0
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CousinEddie 2 points ago +2 / -0

Most traders aren’t trading daily, they’re running a strategy that is likely independent of media. Their strategy is set in place and they run it, trading when certain triggers occur.

Nobody can tell us why the market went up or down, it would take months of research to unwind one days activity and “why” may never be clear.

The financial shows are still tv shows. Same with news. They can’t flat out say they have no idea what happened today, so they pay someone to say stocks rose on x of stocks fell on y. It doesn’t really matter bc there’s no accountability and traders themselves don’t look at media for their analysis anyway. It’s for the lay person to hear but is mostly entertainment and not facts.

Saying a cause of trading an hour after the market closes is like saying why a plane crashed an hour later. It takes months or years to fully understand a plane crash and the market is far more complicated.

1
theeyeshaveit 1 point ago +1 / -0

A strategy. Thank you for the explanation. >😊<