> Real-time stock newswire?

Real-time stock newswire?

Posted at: 2014-12-05 
You're making too many presumptions. Number one, that you can trade the news at all. What you see in hindsight is not necessarily tradeable. Price reacts to news immediately, and the trade is gone. The "big jump" is in real time data also; the trade is gone. Chase price, and you're asking for a high risk trade, which is opposite to what a trader does.

You're making the presumption that if you "know" something, then you can make money. If it were that easy, everyone would be rich. You cannot possibly "know" anything at all about future price, regardless of what news you may "know."

Unless the news is big enough for price to continue moving, you're stuck with a loser. Also, sometimes the market acts contrary to popular opinion. Or, the markets are notorious for false breakouts.

The best real-time market newswire is the Bloomberg Terminal, for about $1,500/mo. The best free news service real time is CNBC on TV.

If you really want "to become a day trader," then adhere to good trading strategy, incorporated and tested in your trade plan. If you don't have a plan, you got nothin'. Read David Nassar's, Rules of the Trade.

From one mentor:

Most traders we speak with have learning curves that have cost them between $15,000 and $70,000 and up to two years in time.

Five Minute Investing: How To Evaluate A Trading Strategy

http://www.investopedia.com/university/f...

The Cardinal Sin Of Beginning Investing -- And How To Avoid It

http://www.investopedia.com/stock-analys...

Hello,

I am trying to become a day trader in the stock market. I am currently using Scottrade and they have newswires, but they always seem to have a five minute delay, thus making me miss the big jumps. Does anyone know of a real-time stock upgrade/downgrade website or download?

Thanks a ton.