As a new trader in the game, you just can't run from social media inluence.

[Vaculin]

Here's my realization with trading, if you aren't confident as a trader, why did you decide to enter trading early? You are just increasing the chances to lose, and is prolonging your trading mistakes, so its not actually advisable to enter trading when you don't trust your own trading knowledge and skills yet.

And if you think of treating these trading influencers as your trading critics and counselors, that's a wrong move. They won't make your trades successful, but they will only make you a more unconfident trader so you will keep relying on them. And the outcome, losses and regrets after.

[EL MOHA]

Here's my realization with trading, if you aren't confident as a trader, why did you decide to enter trading early? You are just increasing the chances to lose, and is prolonging your trading mistakes, so its not actually advisable to enter trading when you don't trust your own trading knowledge and skills yet.

Psychology is actually the biggest attribute that a trader can actually conquered if a trader fails to conquer it then he might run into more trading losses than wins been recorded. For me Psychology takes up 70% of our journey to trading success and the reminder for rge knowledge acquired. Part of psychology is the ability to actually learn to trust one’s instincts or trading signals and also in the process of trust the second part which is proper risk management should be applied based on the traders capabilities. If a trader doesn’t trusts his own set ups then his is bound to fail more than record any profit at all

[Kasabus]

Trading is a game of knowledge, skills and strategies. If you think you don't have these yet, its better not to enter trading. Otherwise, you will only waste your money and time trusting those social media influencers when they can't even prove their real validity as traders.

Yes, they can influence because that's their job, but we cannot expect from them 100% that they are definitely good and profitable traders for years. They are good but only based from what have come out from their mouths.

[Cryptmuster]

These days so many new traders! just find it difficult to block that constant outside noise that messes with the mindset and mental state of a trading journey!. You will fight hard not to talk about an open trade, but due to those constant temptations & urges to scroll through posts on social media, you will end up commenting your open trade on someone's post, who says something partially related to the coin you are trading!.. And at the end, you will just start second-guessing and adjusting risks like a seatbelt, all because of some random outside noise.

Trading obviously requires confidence at a great level, yet so many traders let external opinions get deep into their heads and they end up not trusting their initial process and mapped out plans. It is best to stay disciplined, stick to the strategy and not listen to what others say.

As a trader you will always have a share of doubt in your trades, and for a beginner trader this will be even more relevant. As for the influence of social networks, it is possible, but in this regard I would advise paying attention to the opinion of the crowd. If the majority is leaning to one side, then think about the fact that the market may move in the opposite direction. And with experience comes the understanding that the opinion of the crowd is most often a mistaken opinion and should not be relied upon.

[Lida93]

This is one of the fastest ways traders sabotage themselves without knowing.

If your trade can be broken by a random tweet or comment, then the plan wasn’t truly locked in.

One thing that helped me was treating social media like news, check it after the trade is closed, not during execution.

It's not wrong sharing knowledge with others online through any social means but we just have to be careful not to share too much information not worth risking. It should always be a calculative one. Despite how bad the social media is kind of being painted it's still useful to some persons base on how they're going about it in engaging with other users and channels. Sometimes what you've being struggling within yourself about with your trading, the solution can be simply gotten from a random tweet or comment.

[Stepstowealth]

It is best to stay disciplined, stick to the strategy and not listen to what others say.

Not listening to what others have to say may be your end, I think it is better to say be selective who you listen to because not everyone's opinions counts. There are people who have more experience than you do in trading, and listening to them may point you in the proper direction of what you should learn. Listening to such people can actually be helpful to clear your doubts and push you towards better analysis. If you say you do not want to listen to anyone, it looks like you are overconfident, and because you do not know everything, that overconfidence may make you ignore some warnings and helpful tips from others.

[Issa56]

Not listening to what others have to say may be your end, I think it is better to say be selective who you listen to because not everyone's opinions counts. There are people who have more experience than you do in trading, and listening to them may point you in the proper direction of what you should learn. Listening to such people can actually be helpful to clear your doubts and push you towards better analysis. If you say you do not want to listen to anyone, it looks like you are overconfident, and because you do not know everything, that overconfidence may make you ignore some warnings and helpful tips from others.

Listening to people will really help, but how are you going to be sure you are listening to the right person? When you are on social media, everyone claims to be professional even people with little knowledge about trading will claim they are professional traders. When they post on social media, they show videos and pictures of when they making money, and you won’t even see them post picture of when they lose. When you are on social media, everyone do claim they are professional trader’s, and they posting all those videos just because of engagement on the social media so that they going to be paid. If you decided to believe those people then they just going to miss lead you.

If you can really get a professional trader, then it’s better you learn from them, but I don’t trust all those people on social media looking for engagement, if you decide to follow them, then you just going to get things wrong.

[Japinat]

In all outlets that you can run as a beginner, always avoid those people from social media as their goal is just to influence and deceive you, not to give you a genuine help that concerns trading. This is the very reason why most of the newbies in trading fail on their trades because they rely much on the strangers they have seen online, rather than trusting their own knowledge and skills that they have developed on their own.

Social media influencers set their goal to influence people and make money from them, only very few are serious in their attempts to help newbies in trading.

[Botnake]

You can run from them but you have to be very selective and look for reliable and experienced ones, rather than falling on their too good to be true experiences from trading. Although it's quite hard to determine which are real and which are fake ones, that's the reason why you have to know them very well before trusting them.

However, its still best if you can learn trading on your own and develop your hidden trading potentials and skills as that is your keys to your trading success. Its not necessary to keep on winning on your trades, but as much as possible increase your winning chances while you work on limiting your losses when you are trading.

[GiftedMAN]

That's right, every information is right and useful but its necessary to also verify the information because there are also false information, which most scammers used for their own advantage and if one is not careful, they will into their traps and become a victim, that is why people ought to verify every information they got, as it will either become a tool to help them or a tool to destroy them. That is why its essential to stay vigilant.

[SquallLeonhart]

You do not have to "run away" from it, see it, ignore it. As someone who has been around for more than 10 years I can easily tell you that my twitter and instagram are filled with these idiots and they keep on promoting their own self interest but the reality is that I do not care about them at all. You can easily ignore these people and do not have to do anything about it, its not going to matter to you and just because you see them doesn't mean you have to follow them and do what they say.

Social media or anything that influence cannot lead to success in trading but may get you some initial ideas on what to do and what to avoid but books and practice alone may get you consistency and discipline. When you are regular in your activities and practices then you may realize your dreams in slow and steady manner.

[TheUltraElite]

A lot of things do go around but to be able to trade without any influence you have to stay off social media as much as possible. Just take the prices as they are, dont always try to find out a reason for gain or loss. Eventually you will see that you are able to ignore every good or bad news and just make the most out or trading.

You have to grow a skin that is not permeable to all these news. It is difficult but can be done.

[michellee]

Listen to others saying is not wrong but they must filter it and only takes the good for them. Other people may say many things that also could wrong or different than their analysis. New traders needs to trust himself and his analysis so he can trade without hearing or reading through posts on social media.

Learning from others could be done to improve their skills but be careful with something that can affect to their strategy. New traders can run from social media influence by trusting themselves, discipline, follow their analysis, and not affect what others say.

[Dechris_08]

To me, as a trader, if you’re influenced by other people’s opinions on social media, it simply means one thing: you’re not fully locked into your trading strategy.

I totally agree with you, as a trader, you need unwavering discipline to execute your trading plan.

[Strongkored]

Trading obviously requires confidence at a great level, yet so many traders let external opinions get deep into their heads and they end up not trusting their initial process and mapped out plans. It is best to stay disciplined, stick to the strategy and not listen to what others say.

I think it is not about confidence, but more about the lack of skills or knowledge in trading, making it easy to be influenced by anything, news or other invitations promising certain profits. If traders knew that there is no guaranteed profit from trading, they would not be affected by external invitations or factors that could influence their decisions.

[Rockstarguy]

You can run from it, won't be easy but you can. Influencers are everywhere and yes it's true that you will see that but do not let it give you any ideas.

If you see influencers who keep on promoting some token, and even so much so that you see dozens of influencers who promote the same token, that doesn't mean the token is nice, it could very well mean that the token will have a good release day, but that's about it. What you need to do is your own research and that way you will do better than what influencers would make you do.

For sure, influencers will always promote tokens because that is their work. They don't even care if it is a reliable or scam token. Most of them who know or are part of the team of the token are doing it for their own benefit.

Influencers are not the people beginners need to listen to because you don't expect them to tell you the real thing about what the token is like; their work is to hype and convince people to invest in the token. As an investor or trader, you don't need to depend on influencers to gain knowledge about a particular token; you need to do the research yourself to understand what the token really is.

[tvplus006]

... And at the end, you will just start second-guessing and adjusting risks like a seatbelt, all because of some random outside noise...

This happens because the newcomers are not sure of their own decision and thus try to find those who think the same as him. But as a rule, such support does not have any impact, since the success of each trader depends only on their own skills and knowledge.

[BlackBaron]

Trading obviously requires confidence at a great level, yet so many traders let external opinions get deep into their heads and they end up not trusting their initial process and mapped out plans. It is best to stay disciplined, stick to the strategy and not listen to what others say.

I think it is not about confidence, but more about the lack of skills or knowledge in trading, making it easy to be influenced by anything, news or other invitations promising certain profits. If traders knew that there is no guaranteed profit from trading, they would not be affected by external invitations or factors that could influence their decisions.

People who are new to the world of trading often aren't mentally stable, so they're easily swayed by others, especially if they see someone prominent on social media. They'll likely listen more to what influencers say than to themselves, so when they're about to take action, they're more likely to back off due to external influences.

Forming a positive mental attitude requires a long process, preventing them from being easily influenced by external influences. This can only be achieved through continuous learning and practice. They often want instant results, preferring to look to others for advice, which is actually unwise.

[Jatiluhung]

When we were still beginners, it seems like everyone went through a period where we didn't even trust our own analysis results. And we even violated the strategies that we had worked so hard to create. And sometimes we made good analyses and we actually knew where to set our profit targets and stop losses, but sometimes we were reluctant to apply them.

However, as we gain more experience, we eventually start to trust our own analysis more and apply our strategies with greater discipline. So, in my opinion, experience is the key. However, regarding the influence of social media, I believe it can still have an impact, even on those of us who are not beginners. Because fundamental news and the like will always be a consideration, no matter what. And the effects of news and community hype can indeed be part of sentimental analysis as well. So being influenced is okay, as long as it stays within the proper boundaries.

[AbuBhakar]

This happens because the newcomers are not sure of their own decision and thus try to find those who think the same as him. But as a rule, such support does not have any impact, since the success of each trader depends only on their own skills and knowledge.

Right, because they are new, they have decisions that they are not sure about. Once they get an opinion from others, it is easier for them to believe, especially if well-known influencers say so. For those who are new, you should not just imitate what influencers do, and not all their trades are winning. Many of them buy meme coins and even make you exit liquidity just so they can earn, because you are new, you can easily be fooled. So be always careful of those you follow, make sure their win rate is high, or else they are not letting their followers make the same mistakes they made when they were new.