Stop ok? Just stop
All of your conspiracy theories and prognosticating amount to a lot of nothing.
SPY and DIA are now both inside quarter and up and the markets are rushing back to all-time highs (as we’ve been writing here and here) and there’s nothing you and your online friends can do about it.
The need to feel significant is one of the deepest of human desires – the others being control, approval, and security.
Platforms like social trading platforms Stocktwits and TradingView have tapped into these basest of human natures and amplified the ability for people to brag about their trades and ideas in real-time.
The end result is a stream of gossip about your most favorite or hated CEO’s and companies not worth the digital ink it’s printed on.
Trust me as someone who writes a blog don’t think that the irony escapes me as I regularly share my rants and opinions on this blog.
The difference lies in the intention behind one’s actions.
Are you interested in objectivity and truth or being right and/or confirming your opinions?
Some traders would rather be right than
And guess what if you’d rather be right than make money you’re not a trader – you’re an analyst.
We don’t become better traders by being in love with our own ideas. We become better traders by relentlessly calibrating our beliefs and predictions about the future to more accurately represent the world.
The goal is and must always be truth-seeking in an imperfect world.