Etymology

noise trader

Today it means: One who trades financial products (such as stocks) not based on fundamental analysis. Full definition →

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The story

Derived from the financial definition of noise, formally defined in a 1986 paper by Fischer Black as "[n]oise in the sense of a large number of small events is often a cause factor much more powerful than a small number of large events can be."

Etymology from Wiktionary, CC BY-SA 4.0.