Noticed that the accounts with longer time horizons end up with less followers. The lower the timeframe analysis, the more followers.
...which is strange, given how most people on this app claim to be investors, not traders.
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Do people follow these trader accounts because they have more followers, and therefore unknowingly end up having trader mindsets, leading to failure (as it wont fit their goals/methods/lifestyle).
Or is it people having too much time on their hands, so they need to hyperfocus on every tick, and thereby missing the bigger picture, and not knowing what to do when the time comes.
I'm not saying things like invalidations/stop losses are useless; but if people focused on the bigger picture and finding the right assets, they would end up in a much better position over the long run.
Example - If $IREN went to $10, I would have done enough HTF fundamentals work to be confident to dca, knowing that it is mispriced.
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Noticed that the accounts with longer time horizons end up with less followers. The lower the timeframe analysis, the more followers.
...which is strange, given how most people on this app claim to be investors, not traders.
---
Do people follow these trader accounts because they have more followers, and therefore unknowingly end up having trader mindsets, leading to failure (as it wont fit their goals/methods/lifestyle).
Or is it people having too much time on their hands, so they need to hyperfocus on every tick, and thereby missing the bigger picture, and not knowing what to do when the time comes.
I'm not saying things like invalidations/stop losses are useless; but if people focused on the bigger picture and finding the right assets, they would end up in a much better position over the long run.
Example - If $IREN went to $10, I would have done enough HTF fundamentals work to be confident to dca, knowing that it is mispriced.