Sunday, April 26, 2015

Sharing Great Ideas Via $STUDY and #tradingpsychology

One of the joys of social media is the opportunity to discover people who are doing good work.  True, you have to wade through quite a few emo and self-promotional posts and tweets to find the nuggets of insight and talent, but all you need is to find one per month and over time you build quite a stimulating and meaningful network.

Are you doing good work?  Are you looking at markets in fresh and rigorous ways to generate better trading ideas?  Are you looking at yourself in fresh and rigorous ways to better improve yourself?  If so, I encourage you to make use of two symbols to facilitate your networking with other creative, productive market pros:  $STUDY and #tradingpsychology.  

$STUDY is the symbol for educational tweets posted to the excellent StockTwits site.  These may consist of insights in themselves or may link to original posts that contain insight into markets and trading.  A great way to see who is doing good work is to punch up $STUDY and find the people who are talking more about ideas than about themselves. 

#tradingpsychology is an underutilized hashtag.  I've been making greater use of it in my tweets in hopes of making it a better archive for original insights posts that deal with the psychology of trading.  Again, there's a bit of wading through the self-promotional stuff, but by and large people who are posting good things on trading psychology topics are not making use of the #tradingpsychology hashtag.

So here's the deal:  I will be making conscious and consistent use of $STUDY and #tradingpsychology when I have ideas and posts to share about markets and the trading of those.  If you're doing good original work, I encourage you to do the same.  I will go out of my way to then favorite, retweet, and link to the best of your work.  Over time, this will be a great way to facilitate networking among likeminded professionals and allow the workhorses to stand out from the show horses.  

I look forward to organizing a greater NYC craft beer event this spring for those of us sharing via $STUDY and #tradingpsychology.  After all, there's a reason it's called social media!

Further Reading:  A Different Kind of Trading Group