Monitoring social media for trading purposes (?)

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777

Does anyone monitor social media to help them in their trades (Facebook, Twitter, monitoring services, etc)?
 
lawrence-lugar said:
Social media is retarded -- elite people and traders don't use that.
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Not true.

Many quant firms monitor and utilize this information in sophisticated ways. Renaissance Technologies is one.

However, I am curious if any ET traders have found it useful.

Thank you for your reply.
 
While I take, the opinions, with a grain of salt, I'll look anywhere for, an idea. A trader named Greg Harmon, of Dragonfly Capital, posts 5 trading ideas for, the following week, and has given me some winners(FFIV, APA, and another I can't remember in the past month) on his Twitter and Facebook page. Stocktwits is good to see what is moving intra-day. Some post useful charts then I go research further.

***inverse Gartman indicator...that is funny as he has been wrong on oil every week he goes on TV. He calls for $30's it goes higher, never be above $44bbl again, now it's won't be above $55bbl, 3wks ago. Commodity king?bahahaha
 
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lawrence-lugar said:
Social media is retarded -- elite people and traders don't use that.
That's for Disneyland hippy liberal democrats taking photos of their cupcakes and Thanksgiving-flavor Starbucks lattes and Black Friday deals and steals they got.
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Lawrence;
Can you tell us how did you reach the conclusion that elite people and traders do not use social media?

Better yet give me some!:D
 
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Superstar2317 said:
While I take, the opinions, with a grain of salt, I'll look anywhere for, an idea. A trader named Greg Harmon, of Dragonfly Capital, posts 5 trading ideas for, the following week, and has given me some winners(FFIV, APA, and another I can't remember in the past month) on his Twitter and Facebook page. Stocktwits is good to see what is moving intra-day. Some post useful charts then I go research further.

***inverse Gartman indicator...that is funny as he has been wrong on oil every week he goes on TV. He calls for $30's it goes higher, never be above $44bbl again, now it's won't be above $55bbl, 3wks ago. Commodity king?bahahaha
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If he is that consistent, just take the opposite side the next time he recommends.
 
Long ago I was trying to look for a system to trade according to people social media reactions. Do you know what I found? It seems already invented.
 
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