I am slowly starting to realize that information is how traders make money. Stock charts help, fundamentals help, but information is really the biggest piece of the puzzle. All of the successful traders that I follow usually follow what the “big guys” do. Hedge fund managers…big institutions…Goldman Sacs…etc. Now, read this:
Galleon Insider Trading: 8 trades the insiders allegedly made
Some people cheat, and some people follow the cheaters. All you gotta do follow the big guys and you’re golden. I guess the question is how do I know what the big guys are doing? Time to explore that idea.
It’s 70+ degrees today. Golf is calling.
Good article. It’s like knowing who’s going to cover the spread before kickoff.
There are always going to be people on the inside who know what tomorrow’s earnings news is going to be so there is probably always going to be cheating. I’m sure they’re just scratching the surface in nailing this Galleon guy.
↓ Quote | Posted October 21, 2009, 2:29 pm