All this recent convo has me thinking about something Ive considered often....
In the world of self employed individual traders... is constant contact with other people trading the same instrument good for you? So much of it basically noise. Theres rarely a thought or piece of information here that's universally useful. My daily contact with trader friends that trade other asset classes is much more useful it seems. The more time I spend here the more it becomes likely I just second guess or confuse myself, because with each of these posts you basically get about 5% of that persons reasoning behind the trade... you don't know their biases or their system, their account size, risk etc.
We're constantly exchanging incomplete information.
In the world of self employed individual traders... is constant contact with other people trading the same instrument good for you? So much of it basically noise. Theres rarely a thought or piece of information here that's universally useful. My daily contact with trader friends that trade other asset classes is much more useful it seems. The more time I spend here the more it becomes likely I just second guess or confuse myself, because with each of these posts you basically get about 5% of that persons reasoning behind the trade... you don't know their biases or their system, their account size, risk etc.
We're constantly exchanging incomplete information.
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