---
title: "The starting point of everything"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39719716.md"
description: "First, all narratives can be falsified. Second, in terms of the external environment, macro factors are the most important. Third, only three types of data can be fully trusted: the flow of money, the accumulation of chips, and the bid-ask price. Where the money goes, there will be a market; whoever holds the concentrated chips has the pricing power; what the bid-ask tells you, that's what it is."
datetime: "2026-04-03T19:51:35.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39719716.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39719716.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39719716.md)
author: "[吉姆哈克的交易员](https://longbridge.com/en/profiles/10212142.md)"
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/39719716.md) | [繁體中文](https://longbridge.com/zh-HK/topics/39719716.md)


# The starting point of everything

First, all narratives can be falsified.

Second, in terms of the external environment, the macro picture is the most important.

Third, there are only three types of data that can be fully trusted: the flow of money, the accumulation of positions, and the bid-ask price.

Wherever the money goes, there will be a market; whoever has the concentrated positions has the pricing power; what the bid-ask tells you is what it is.