“Financial professionals spend about 80 percent of their time managing data, and only about 20 percent of their time generating excess return for each given unit of risk.”
In this video from MarketsWiki Education’s World of Opportunity event in New York, Joe Gits, CEO of Social Market Analytics, breaks down how unstructured data can benefit your trading. Social media posts, news articles and blogs are all sources of potential market moving information. The trick is parsing all of the data and using it to your advantage. Gits reveals how market participants can stay ahead of the curve using unstructured data to generate ideas, stay informed of breaking news, and identify early warning signs. The information is out there. You just have to know where and how to look.