Green, Red, Green, Red, Red: Charts and Social Trading are going wild

Everyone is heading to Singapore, while the charts of the last two weeks have been all over the place: a rollercoaster of emotions between ups and downs after a few electric weeks. I think Carlitos's message perfectly recaps the status of CT right now:

I roundtripped six figs. Again. Than I got shitfaced for three days in a row with old and new frens and I’m flying to Singapore tonight. I hate Vlad, I hate rh and super intelligence. Can we please go back to “AI” and pump my fucking bags?

Thanks and adios

We have seen, unfortunately, a lot of “roundtripped” stories in the past days (I’d say weeks, too), but that’s not “negative” per se. It actually means you can make the bag in the first place. And we are used to volatility; a few weeks certainly won’t kill us.

What will, though, is the complete annihilation of the human soul and values, lol. Social trading is quickly ripping the timeline apart between those who hate social traders but secretly try to get into their trades, and those who love them, providing the perfect exit liquidity at every call.

I think it’s a good time to bring up a post Carlitos asked me to feature:

This is the perfect case: we have Frank DeGods and other well-known CT entities under fire for making money off their audiences. Personally, I’ve always been very sceptical about social traders’ skills in trading, many don’t have technical trading skills. They usually have only two edges: a group chat or their following.

We can actually argue that the really good traders are those who read the top social traders’ moves and slalom their way through the candles to avoid becoming their exit liquidity. These have reading skills that actually matter in the game, since only a tiny portion have a real sense of “narrative.”

So, who to trust? Who to copy trade? Who the hell is the good guy and who’s not?!

The answer is simple: nobody is the good guy here. Find your peace in that.

In a game where whoever wins, wins off others’ losses, nobody is the good guy, just as nobody is necessarily the bad guy, since everyone is actually willingly playing the game. The balance between right and wrong in social trading is blurry, with specific orchestrated schemes being the only place where the line gets crystal clear.

But even when it gets clear, it’s tough to do something about it, besides calling it out on CT and trying to track every single piece of evidence. We have seen it multiple times: influencers or groups of influencers dumping on their following, disappearing when called out, only to come back again and again. Literally.

There are no good guys in social trading, only those who make you rich and those who make you poor. The moment you start understanding this is the moment you make a choice, and that choice will impact you heavily one way or the other, since this is easily the best industry to be in if you want to change your life.

So, trade and don’t be traded, if you want to play this game so far as you keep being a decent bozo not scamming people.