Thread by @KillerTrader_

A long thread and a rant:

It has become fashionable to see many traders tweet their months old stock picks which have given 2x-3x.

I am happy for them....But

(1/n)

While re-tweeting them each time they make a new high and upgrading the targets and potential over and over again,

Traders seeing their feed would jump in and buy at any price running on the tape.

(2/n)

Understand that the traders tweeting it may be holding it, may tweet it for their ego boost or for their own feel good moments.

But it doesn't mean you should get enticed seeing the run up of a stock and buy at any random prices.

(3/n)

If you buy at any random price without seeing technical support/resistance just because you see those scripts being tweeted over and over again, you are the losing one.

Ex: Total silence on CDSL and BSE on fintwit since this week since they started correcting.

(4/n)

Understand that finding a strong script and finding an attractive risk reward entry in a strong script are two different things.

When things go south, nobody would come to your rescue. You should handle your trading acc.

(5/n)

Do not get caught in the bull market FOMO. It is the job of analysts to keep tweeting stocks when they do well.

EX: Just because you see some fitness professionals chug protein and workout all the time on SM doesn't mean you should do the same.

(6/n)

In the end, it is your money. Opportunities are endless, but your money isn't.

Keep calm, respect risk and trade sensibly without getting caught in FOMO.

End of weekend rant.

#stockmarkets #trading #Nifty