Today we're going to be talking about how to use social media with stock trading. Uh, listen, you know it's always kind of one of those duopolies where maybe you've seen other videos I've done where like I I think back to when Twitter first launched. um I don't remember the exact year I think I joined 2008, maybe 2009. Kind of like right when I kind of first started getting profitable mainly on Short Selling junk penny stocks okay and different world back then you like I remember it was the place to be like like we call it fin Twit you know it's kind of that name Financial Twitter Uh, think of the cash tag many of you know, like we all use that dollar sign in the ticker that didn't even exist for four.

I don't four or five years even on? Twitter And then it just kind of. the cash tag became kind of symbolic or tied to. Twitter When you talk about a T ticker, you use that dollar hashtag cashtag we call it to. Then you can then search by that which actually only again several years years later.

Twitter Added that in, we were all just doing it forever just to kind of visualize. Then it became searchable. but um, back in those days, like so many people didn't understand so much about short selling low price stocks. What you know, a lot of people think thought it was illegal.

like like literally there was a lot of even media pieces that were like it's illegal the short you know, penny stocks or even low price stocks. Um one of the things we always struggled back then was getting low Ates Now that's a lot different now. you guys are spoiled by the way. Um, you know I Remember back in those days it was so hard to get those shares to borrow I mean you would see an absolute pump and dump complete scam company that you knew you knew like high certainty, 90% certainty was going to collapse in the coming days and you would spend hours and hours and hours trying to get locates jumping around Brokers Etc One of the great things about Twitter was people would be like hey, this broker has locates this this one doesn't Etc um so you could It was a great information sharing source and back then you know kind of.

the financial stuff wasn't everywhere you know, it was kind of focused on Twitter and it was really just a more collaborative helpful environment back then and then what happened is you know, like everything the the spammers ruin everything. like if you follow me on social media by the way, everywhere I am TB hen, TB hen whether it be Facebook, Twitter, Instagram, etc etc. What happens is you got the spammers and the imposters and like maybe you've been approached by one of my Impostors Okay, these people then would glom onto these conversations, glom onto these tickers, to then to pump to bash to spread misinformation, and then it all just kind of went to pot from there. Unfortunately, even to this day, Twitter has very limited resource or usefulness.

now. I'm going to give you some tips on how to use it, but um, it's kind of a bummer. happens like that everywhere. Uh Reddit I mean you think back to Wall Street bets in Uh 2020 you know, during the lockdowns Wall Street Bets was an amazing Community for about 6 months? Uh, many of you might have been in there I mean like when we're looking for these meane stocks, these heavily shorted stocks.

Like, like you think back to when I was talking about the early days of Twitter we were finding stocks to short vice versa. You think back to Wall Street bets and in 2020 they were. You know, a lot of that was the exact opposite they were talking about. Hey, people are stuck short this stock there's there's no locates anywhere we can squeeze This thing.

had some amazing trade opportunities from Wall Street Bets. but then, like anything, the spammers and the scammers took over and now it's borderline useless because it's just exploded and vomit everywhere. Tik Tock It's kind of interesting. the evolution I Don't think Tik Tok was ever useful.

Now you could say shut up Boomer shut up old man. But I don't know if I've ever seen any, uh, useful, like, like actual useful trading information on. Tik Tock It's all just getrich, quick stuff, hype, you know, just spammy type stuff. So the bummer is, as it seems like and and they seem to be having shorter lifespans too like Twitter had about I would say five or six years of like usefulness.

uh Wall Street bets Reddit had about year, year and a half of usefulness. Then you fast forward to Tik Tok and basically zero usefulness. So um, the point of this video isn't to bash all these social medias. The point is just to understand that the most powerful thing and I want you to write this down.

this is this is the most important point of this video is as the social media uh, networks have exploded, everyone has an agenda. Write that down. Everyone has an agenda. So if someone is you know, pumping a stock or bashing a stock, or keeps posting the same news article over and over and over again, it's not bad.

Okay, you might find out some news that you didn't know about, but always just be. You know, skeptical. Be realistic and recognize that that there's a reason they're posting that and and read the article. Interpret the news for yourself.

but just because someone posted it 50 times doesn't make it true that that's one of the things you'll see. especially on you know. Twitter and Reddit is just people like this is coming. This is coming.

This is coming and they and a lot of Traders especially newer. you know they keep seeing that and they stay in a losing position. You know they're like oh well, this guy you know Reddit Water bottle ceiling 65 Keep saying that news is coming. Now if there's no news after, they've been saying news is coming for two days.

Okay, you got to realize that there was an agenda there. They're probably trying to pump the stock to get you to buy their shares. so just be open-minded track stuff. Okay, like that might be one of the second biggest things I want you to do is like like take notes.

Watch these accounts. Like like if you see an account with a large following that actually posts useful stuff, follow that account and ignore the other ones. Watch out for these new accounts accounts with 16 letters past their username accounts that have you know with 50 followers I Mean now obviously just because an account's been around a long time and it has a lot of followers, there's still an agenda. Okay, that's rule number one.

but at least you're not following a absolute blatant Chinese scam. Okay, which is most of the Tik Tac accounts. That's why they're so bad. It's just Chinese disinformation.

So um I know this. a lot of this video was kind of Probably sounds negative, sounds bashing I Don't That's not my point. My, my point is just being realistic IC and being a free thinker. Think for yourself and and um, understand that you have the same tools, the same information as everybody else.

That's the great thing about social media is it is truly decentralized. The information like I I think back to when I got started. You know 15 17 years ago there was an extreme information disadvantage. like like there was news you did not know about.

there were themes you did not know about. there's almost zero barriers to information, but what that has created is almost. You know too much. and and when you look at these spamming accounts and these pumper accounts especially and and really the Bashers are just as bad like right now there is this constant I've seen this article about 50 different times in my feed on Nvidia being an absolute scam.

Some like like supposedly they're like AI chips are like fake or something and I'm like this is a trillion dollar Corporation that has been around for 20 years. It's not a penny stock, but I think that they are trying to trick people into the shorten these stocks so they can squeeze it like as as crazy as it would be of anyone shorting one of the mo one of one of the companies with the best future ahead of them barring probably Tesla Okay Nvidia but people are still trying to manipulate people and to get twisted up on the wrong side of the trade so that information wasn't out there in the past. It's bad information but it wasn't out there and that's what I want at the end of the day. Use the tools, but don't fall in love with the idea.

Check the idea, track the idea, and make sure that you're not getting into a position that you wouldn't have taken before you saw that post. So if you buy a stock at two bucks and your stop loss is a buck 80 and your goal is three bucks, and now you're it's at a buck 75, it's below your stop and now you're looking at this stuff and you're believing what you know again. Joey 85 63 Refrigerator is saying you just screwed up now Vice Versa Trad's working. You see some news stock is trending up.

it's going your way. You see another news article that's information that you can actually be like. Okay, the positions going my way. I Like the fact that there's news out there.

but I'm not going to break my plan and that's what so many people screw up is. They believe things, whether it be long or short to defend their position. Remember, humans can get themselves to believe anything at the end of the day. serial killers think they're good people.

Okay, and so they can convince themselves of pretty much everything and a lot of newer Traders are susceptible of that as well. Now the biggest solution I have for you is to check out the Daily Income Trader system. So the Daily Income Traer system is a system that I've built over the last eight years where we use a lot of live trading webinars, live tools. We use a platform called Breaking News Uh, breaking News is actually two 25-year Wall Street veteran that only post actionable information.

Okay, they they they filter it down. You actually. if you check out the Daily Income TR system and you get breaking news which is included, you actually don't even need to have any of these social media accounts because they filter it down for you. and it really is a timesaver, an efficiency saver and keeps you from getting twisted up on these positions.

So if you're bag holding a stock right now or you keep overstaying increasing your stop losses, check out the Daily Income Trader system. That link below will take you to Live Trading Webinars 100% free. Now those webinars are tour of what what we do behind the the doors of the system. but they run all day long even on weekends Live! By the way, you can see breaking news, you can see the scans we use, you can see the tools we use and decide if the Daily Income Traer system can take you to the next level.

I Think it can I Truly believe that Done over 6,000 live trading webinars over the eight years. Uh, changed hundreds, thousands of Traders lives and uh, it's truly my life's passion helping people figure this stuff out. So check out the Daily Income Traer System 100% live webinars givv you a tour of the system would love to see you on one of them.