by Gavin M.
Technology is a wonderful thing. It also can be a good source of annoyance if misused. Twitter and various social media have allowed for the proliferation of trade ideas and groups on the internet. Traders who want to prove their skills can now boast, in real time, their performance online. There is definitely nothing wrong with that.
Whenever there is a new playing field, there will be cheaters and scammers. But I am not here to talk about that. I am talking about the effective use of Twitter and how society at large is devoid of tact and respect for one another. We live in a faceless online society where Jim Bob from Ohio can curse and annoy Mary Sue from North Carolina without even knowing if they are who they say they are and whether or not their profile pictures are even genuine.
Twitter, if used properly, can allow traders and other market enthusiasts to follow the global trading momentum. It can be a good source for real-time news. Twitter is even faster than the mainstream media. So it really would be appropriate for the purveyors of this fine internet tool to at least restrain themselves from unnecessary trolling of others and to encourage beneficial dialogue rather than to put other people down.
Following someone on Twitter is purely voluntary. This is to say, if you do not like what @USER is saying, you can block him or ignore him. You do not have to say anything that would lead to more conflict. As for my twitter, I employ the following rules for myself and for whoever out there follows me (real or not):
Social media is a great tool. But that is what it will ever be - a tool. A tool is only as good as the user utilizes it.
Traders from Equity Sense will be writing on this blog on positions and other market-related things.