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

[atookz]

At times social media may be a noise maker as emotions such as fear, doubt, and greed are intensified leading to disruption of discipline and consistency in the implementation of a trading plan. Arguing about the existing positions or continuously comparing the analysis with the opinion of other traders may cause the traders to change their priorities to avoid focusing on the data and strategies they have created.

Thus, it is not the market that is the problem, but the mentality and self-control of the trader. Such a skill to weed out external opinions is pivotal advice. The new traders should also be taught how to develop a proper system, introduce rules of risk management, and restrict the usage of social media to be focused and make more objective trading choices.

[Fivestar4everMVP]

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.

Well, it is absolutely true that traders need that exposure to what is happening and being said outside for their trading platform as this is very important when it comes to making some really important trading decisions, cus aside from learning about the latest happenings in the market, there are several other benefits for following news and being social..

But then, its important to keep some of our trading activities private, not every trading decisions we make is meant to be shared with our online followers and other person who might see the post, most especially when we are the heavy traders with food liquidity, anyone with as much liquidity can manipulate the market in whatever form causing the traders liquidation and loss of money.

[Royal Cap]

Honestly trading these days is more a battle with your head than the market. There are so many opinions floating around that even if your plan is right you start to doubt it. Just scroll a little makes you think if I am doing something wrong and others are right. I believe most of the losses are brought about by listening to outsiders. Going in your own setup and then coming out listening to others make trading harder. So I think that less listening and trusting your own plan is the most peaceful way.

[Cgrexp]

Currently, the number of traders has increased to a large extent. And the main reason for the increase is that everyone wants to make a profit in a short time. However, trading is not only based on charts and strategies, it also requires mental discipline. However, I think those who mainly pay more attention to the words or behavior of others than their own plans in trading, there is a possibility of deviation from their plans . Sticking to your own strategy and plan brings good results. Whether you profit or lose in trading is entirely your responsibility, so there is no need to give importance to the opinions of others.

[wiss19]

but its necessary to also verify the information because there are also false information, which most scammers used for their own advantage

All that mislead information can also be called as scammers but not all are literal or direct scammers but some only mislead because maybe they are only a bitcoin or a crypto hater. Or they can also be a Bitcoin or a crypto lover and only shill btc and crypto to further increase its adoption and once their value grew, that is where they can get their reward.

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.

Verifying an information can surely help the verifyers and it destroys those who spread false information. Some won't budget easily though because there might still be other naive person that can fall on the traps that they have prepared.

[Gifte001]

To me is possible for new trader to keep he/her away from social media. As a new trader you don't need some noises from this social media, he/she can get mislead true social media and can be scams true it also and we all knew the things happening right now and if a new trader focus on social media the mood he/ she have in trading will be damaged completely.

[Finestream]

You can actually listen and learn from them, but you can never rely on them totally because following them will not guarantee your trading success.

Being a new trader, the risk to lose is always there. But if you are confident of your trading skills, you can always lessen the risk, and there's no need to run into those trading influencers because they will only distract you from your own trading plans and goals.

Instead, develop your own and enhance your own skills in trading, without minding those who pretend to be good ones.

There are still good trading influencers who definitely can help us especially if we are still struggling to learn from trading. But just because they're reliable, then we should not do our part learning on our own?

That's a very wrong move. Learn from them so that we can stand on our own, and in instances they're no longer present in the social media, at least we have developed already our best trading potentials, and any time we can already make a successful trade even without asking from them.

Let them be our tool for learning, but we should still do the maximum part so we can learn from our own as well.

[jossiel]

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.

They don't believe in themselves and they don't trust their judgement if it's with the market.

And so, they look for the influence from social media and the thought of what they think about the market.

That's not should it be and they need to test themselves and the strategies that they've been using for a while.

It's okay if there are some insightful thoughts in the market but, they still need to filter what they will extract.

[Jegileman]

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.

Trading happens to be one of the biggest skills that requires a lot of time, efforts, focus and dedication to your goals. When you’re not able to follow up on the progress of the game, it makes it very difficult to achieve profitability in the long run. Shying away from social media practices is very possible by a new trader, they just have to make it to be part of their rules and regulations to abide by during the process. The strategy being used by traders these days is very much different, but having a good one that works for you best should be stickler to. Being consistent is the best goal you’ll want to achieve from this.

[AakZaki]

I used to be a beginner in trading, but nine years ago I never followed influencers on social media, but learned the meaning of trading itself. such as learning the basics of Techniques or Indicators that are useful in trading.
Nowadays what I see on social media is that many flexing influencers show luxury, instead of showing their trading skills, but in fact they are only affiliates who benefit from the results of their referrals, not from the actual trading results.
Even in my own country, there are well-known influencers who have ended up being arrested for fraud cases under the guise of education and trading, which further proves that not everyone who looks successful on social media really understands what they are selling.

[alankasman]

Trading happens to be one of the biggest skills that requires a lot of time, efforts, focus and dedication to your goals. When you’re not able to follow up on the progress of the game, it makes it very difficult to achieve profitability in the long run. Shying away from social media practices is very possible by a new trader, they just have to make it to be part of their rules and regulations to abide by during the process. The strategy being used by traders these days is very much different, but having a good one that works for you best should be stickler to. Being consistent is the best goal you’ll want to achieve from this.

This is all a form of regular discipline in mastering trading so that trading skills have a goal that can be achieved keeping up with current developments and not being left behind in the long term. A suitable strategy also needs to have regulations when there are rules that are sometimes different from the suitability used by each trader but the trader's consistent attitude must have the best choice according to the existing strategy. This aims only for the consistent attitude of traders to remain achieved based on the rules and regulations that have been set in carrying out the development process according to each person.

[ancafe]

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.

Listening to the advice of others who understand trading better is far better than listening to influencers selling their classes on social media. Being disciplined and sticking to a specific strategy is certainly an option, but we need to test whether that strategy is applicable because sometimes the strategies used by others don't align with our own trading strategy.

Finally, we must understand that trading doesn't always result in profits, so we need to develop strategies to survive, such as using stop-loss orders. This will prevent our capital from being wiped out in a single trade, eliminating the need to deposit every time we enter a trade, a common area where we often fail to understand.

[Hamza2424]

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.

If a random person gives you advice and doesn't tell you why he is saying that then don't believe him. Because you don't know his intentions but if he gives proper reasoning of why they said it is bullish or bearish, then you can use your own analysis to conclude if he really has a good intention or not.

Because so many times I have seen people giving wrong advice to others on social media and flexing like they know a lot and one or two other comes doing the same and any newbie reading them will think first person said to do this and then the other 3 to 10 people agreed it must be true but it don't, they are all there for fun.

[YOSHIE]

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

Believe it or not, I have felt it, trading in the crypto market is not as easy as we imagine, trading is not just theory, crypto trading is a form of direct practice. Social Media, as additional information, yes that is fine, but if you depend on social media, you could say we have failed in crypto trading.

For this we need to understand, trading in the crypto market needs real/direct guidance from experts, not social media, you need someone to control your trading activities, before you become a master.