Buy the rumor sell the news!

Something I learned this last week in the crypto space was to do exactly what the title implies . I always heard people saying buy low sell high, and the coin xvg or verge had dropped quite drastically. I had been keeping an eye on this coin because of it's market cap and because it had made the news a few times. I decided to buy the coin. Then afterwards I realised that there was a rumor that they are going to partner with a big company and that the price will shoot up. I watched the coin shoot up nearly 50 %. I was very happy as you could guess. Just before the announcement, I decided to sell as I was not going to have access to my Binance app for a couple of hours. When I checked again, the news of their partnership had been made public and the price started to drop faster than the speed at which gravity pulls an object down. With a sigh of relief, I walked away smiling. I then learned that that was actually a thing. In trading, forex or stock, investors often trade based on what they believe will occur in a given economic report or event (the rumor). Once the event passes or the report is released (the news), they dump their positions and the market moves. You can read more on this here.
According to the balance traders and investors will often buy based on anticipated future cash flows in a company.

This, however, and as with the rest of the crypto market is never guaranteed. It just helped me this week. Happy trading all 😀