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Comment by harvie | Hacker News Reader

Can you watch what happens on a market just before the press conference and do the same?

By the time you’ve reacted, it’s already too late.

This, as a generality. There are plenty of multi-billion-dollar Wall Street firms doing algorithmic trading. Your prospects for being smarter or faster than them are very poor.

You'd risk amplifying every fluctuation. It's often impossible to know what's a shift vs. what's noise until it's well under way (if not over).

I've heard of this working in other kinds of markets, where if you can identify the traders who consistently beat the market, and you can emulate them with precise timing, then you can beat the market too.

These were before news reports that came out with the scoop before any press conference. How would you know that some big news scoop is going to drop? You'd have to jump on every futures drop.

> At 3:40 AM ET today, nearly 10,000 contracts worth of crude oil shorts were taken without any major news... At 4:50 AM ET, just 70 minutes later, Axios reported that the US is “close” to a “memorandum of understanding” to end the Iran War.

Depends on what your brokerage allows, see timestamps.

Eager to make bank off the back of civilisation, too? My IT colleagues continue to impress!

Psychopaths and sociopaths come from all types of backgrounds. One things for sure, they all tend to gravitate towards power and exploitation of people without remorse. C suite and founders are far from immune from this...

> far from immune from this...

Its a pre-requisite for the job

> C suite and founders

You missed "VC backed" in front of "founders". Most founders are good people.

Civilization will be effected the same way anyway, why not make a buck of it? But you wouldn't be able to anyway because some quant's ml model would have already sucked every dollar out of the opportunity two milliseconds after the insider executed the trade

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