A company announced it's result today and here two different media houses reported the same news in different manner:-
Media House - 1 reported that XYZ Ltd. Q4 net profit up to 29% to 475 Crores.
Media House - 2 reported that XYZ Ltd. Q4 net profit up to 85% to 470 Crores.
Here see the difference! Both the news articles are almost right, they are just reporting the numbers here, it is just they reported differently.
However, the fact is that when you are trading based on news, your decisions are highly influenced by whatever you heard or read.
There are times when traders are in hurry to trade, they just listen the news and placed order over weighted in such particular scrip, more often than not leading to undesired outcomes.
So the lesson is to not to trade by just reading or listening the news rather recommended to analyze the facts what ever feedback you are getting from media houses.
Happy trading folks!
Media House - 1 reported that XYZ Ltd. Q4 net profit up to 29% to 475 Crores.
Media House - 2 reported that XYZ Ltd. Q4 net profit up to 85% to 470 Crores.
Here see the difference! Both the news articles are almost right, they are just reporting the numbers here, it is just they reported differently.
However, the fact is that when you are trading based on news, your decisions are highly influenced by whatever you heard or read.
There are times when traders are in hurry to trade, they just listen the news and placed order over weighted in such particular scrip, more often than not leading to undesired outcomes.
So the lesson is to not to trade by just reading or listening the news rather recommended to analyze the facts what ever feedback you are getting from media houses.
Happy trading folks!
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News and Event