# Value Orientation: Don't Treat News Directly as Trading Signals
News is a trigger, not a reason for a transaction.
What truly determines whether an order can be placed is the position, volume, volatility structure, and risk-reward ratio.
For the same piece of news, if $BTC is increasing in volume at a low position, it is an opportunity; if it is already excitedly rising at a high position, it may just be a trap.
So first look at the structure, then look at the news, which can filter out many emotional trades and leave behind the opportunities that are truly worth taking.
NFA, DYOR
When making decisions, do you first look at the news or first look at the position and volume?