The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to be talking about why social media is a terrible tool for finding trading ideas. Now, look. This should come as no surprise to anybody, but social media is an absolutely terrible idea for finding trading ideas. I love the aspect of social media in that people can share the trades that they’re doing, but I don’t think you should use the trades that other people are doing to be the basis of the trades that you do because you become reliant on them and you don’t even know if those trades are going to work out or what system they’re trading or if that trade is a hedge or a core position. There are so many unanswered things that go into people posting on social media. Like I said, I love all the aspects of social media in that it gets people engaged. It forces people to defend their positions to some degree because they can post it and people can add commentary and disagree with it or agree with it, bac