Thought of the Day…

I got a couple of questions about following trades on twitter, who to follow, how, etc… and as a general rule, I would say do not take a trade that you can’t see on the chart or that you do not understand.

After you follow people for a while you get a feeling for their style and if they are really legit but this does not mean that you should follow blindly… the trade is only between you and your account and you have to take full responsibility for it.

Remember that you never know if the person is really even trading, what time frame he/she has, account size, risk tolerance, etc… use the calls to give you an idea of what people are doing and to highlight interesting opportunities but do not follow blindly.

Just my take…

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