THE BIGGEST PROBLEM WITH FOLLOWING TRADERS ON TWITTER IS TRANSPARENCY. IF YOU WERE TO LOOK AT TRADERS ON TWITTER IT WOULD APPEAR THAT EVERYONE KNOWS WHAT THEY ARE DOING. YET I HAVE MET SO FEW WHO ARE ACTUALLY MAKING MONEY. IF I HAD MY WAY, EVERY ONE WHO POSTS AN IDEA WOULD HAVE TO KEEP A RUNNING TRACK RECORD. EVEN IF THEY ARE NOT TRADING IT, AT LEAST YOU WOULD KNOW WHAT THEIR TRACK RECORD ON THEIR TRADE IDEAS IS. OF COARSE, YOU WOULD END UP WITH VERY FEW PEOPLE CALLING TRADES OR TRADE IDEAS.
Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential