Key insights
- The author expresses a contrarian view, advocating against following online financial advice, particularly during periods of high market fear. They suggest that retail investors should disregard technical analysis and fear-mongering content on platforms like Twitter and YouTube. However, this is anecdotal and doesn't provide a reliable signal for broader market movements.
At the end of March, everyone and their mother was panicking and saying this was a terrible time to get in, I completely ignored them and just kept buying and bought more when the fear index was at 9.
I’m very happy today.
I hope others took advantage of the opportunity.
Never listen to Financial Wannabes online, especially Twitter and YouTube, they are always fear mongering, and don’t know what they’re talking about with their crazy technical analysis and charts and stats, etc.
I unsubscribed and unfollowed all of them. Good luck out there investors!