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Market regime changes invalidate old strategies; social trading leaderboards motivate but risk creating false narratives.

From He Figured Out What 99% of Traders Never Do | Ft. Loma · jumps to 51:23 · speech

▶ Open at 51:23 on YouTube
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Constantly doing this thing. And then you continue to do it. And nothing, it doesn't work anymore. I think that's where a lot of people get lost is they don't, they have an unwillingness to accept that maybe either their strategy is just no longer conducive to the market environment or that the market environment can actually change. And that's when you get the, you know, buy the dip that keeps on dipping. And you all of a sudden have given back all of that money that you made in the uptrend, you know, on the way back down. Now social trading now is, is, is so much more than what it was when we started like P and L posting and flexing. It was not nearly as big of a thing. Outside, you know, maybe the bit next troll box, whatever. But you know, maybe people are faking it, they're doing inspect element. But now there's all these different platforms with leaderboards and things like that, where I think that is motivation for some people in that like, okay, I can see what's possible. This random dude on the internet is up 10 million dollars.
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