How to Trade with Social Media

StatsEdgeTrading

In this episode of Line Your Own Pockets, hosts Mike Moss and Dave Ma dive into their evolving perspectives on social media’s role in trading, spurred by last week’s interview with Dr. Sayad, whose research showed that influencers with larger followings often provide worse trading advice. Mike and Dave discuss how backtesting often reveals that popular opinions don’t outperform the market—in fact, they may be detrimental.

They explore how to effectively use social media as a source of ideas rather than a trading guide, curating input that adds real value rather than noise. The takeaway: while social media can spark ideas, ultimately, building and sticking to your own process is the key to trading success.