Comments by www.eyalmaoz.com/trader

Comments by www.eyalmaoz.com/trader

Can I offer a different opinion? Not an argument, just a discussion.

I think sotcktwits, like any other kind of interaction with traders, can be of use. Provided certain aspects are addressed, such as:

1. Not following other traders blindly
2. Not letting other traders influence your own analysis
3. If following someone then making sure you understand the rationale behind their picks
4. Having a learning, inquisitive approach rather than copycat, make some money off someone else’s trades.

In short, there is some benefit to looking at the thought process of successful traders if they are aligned with your own trading and goals.

Like any other communication tool, it’s all in how you use it and if the format and content are suitable for you.