"I Worked on Wall Street — No One Knows Anything"

My boy WXY went down the rabbit hole a few times with that sentence. He is trolling us big time.

 

Tell that to your SAVA position

 

I'm not trolling, lol. I’ve already shown this to be true.
If news actually dictated price, the market would be random and chaotic—you wouldn’t see consistent, repeating technical patterns.
Unless you’re suggesting we get repeating news cycles that drive those patterns… but then we’re right back in the chicken-or-egg loop and deterministic behavior.

At that point, you can simplify it by reducing news to just noise—irrelevant to the actual structure—and can be omitted entirely from consideration.

I believe it's for this reason that the Renaissance fund ignored news in their analysis.

 

Trolling is a career choice. Don't knock it until you tried it.

 

here we go

 

What will you do about that information? How can you trade uncertainty?

 

The max bot with his "volatility!" posts. Literally nobody here who actually trades is sitting on overnight positions hoping trump opens his mouth. The only guys that are (hoping) are long vol mandate and are long gone.

 

There is both a bullish and bearish response to news. The uncertainty remains. There is NO NOISE. Only movement. One tick at a time. Even at the tick level there remains uncertainty. Ticks made be sequential or back and forth. Who wins the ticks? Bulls or bears. How can we "think" about which side is winning? More important how can we capitalize on any movement? What about tendencies?

 

A lot of algorithms exploit news announcements. Nat gas storage numbers come to mind.