Kardec TraderFutures Trader. Creator of The Midas Touch. Mentor

Social Media Trading is Bullsh*t

25 Jun 2023 · 1 min

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0:37

A short, opinionated monologue (by Kardec Trader) criticizing social-media-driven trading strategies as largely ineffective and oversimplified. The speaker argues that commonly promoted indicator-based strategies (e.g., RSI/MACD crossovers) are not reliable trading edges and insists on seeing long-term performance evidence (e.g., a five-year P&L) rather than short windows. The speaker also notes why such content is popular: people seek simple, lazy rules to tell them when to enter and exit trades.

Chapters

99% of the stuff that we see on social media and the way people trade in my personal opinion is nonsense. I don't think it works. I don't think it's real. I think complicated. I think that's where you have to kind of understand a few things. You need to understand what you're trading. You need to understand what's your edge. Your edge in my opinion can't be a RSI MACD crossover. That's just my opinion. You can't back test that ever and show me that it works and if it does and someone says that's my strategy, well I want to see a five year P&L not a month P L not a week piano. Those things don't work. They're not in my opinion real indications of working. But that also sells and I understand from a market pingpo and why people do it because people are lazy. They want an indicator to tell them when to get in, when to get out.