How do I collect and filter investment information?

CN
5 hours ago

A reader asked in a comment:

With so much information available every day, it's very chaotic. How can I utilize my time each day to focus on key information? What apps, social tools, and people should I follow to avoid wasting time on ineffective information?

Currently, I mainly use two apps: one is Twitter, and the other is WeChat.

I primarily use Twitter to find information about the crypto ecosystem; I mainly use WeChat to find information in traditional investment fields (like the stock market).

In these apps, filtering through various information, I feel that the most important and effective method is to establish my own judgment standards and value orientation.

For example, in daily life:

If I have social anxiety, I naturally wouldn't attend various social events that I could choose to go to or not. No matter how well-promoted or cool those events are, they wouldn't attract me. I would only go to gatherings with friends I am very close to.

I don't need anyone to give me advice; I can make that judgment myself because I subconsciously act according to my own value orientation.

This also applies to obtaining information in the crypto ecosystem or any investment-related field.

In these areas, my orientation is very clear:

I know that short-term trading and technical analysis methods are completely unsuitable for me, so I naturally filter out this type of information and sources while browsing.

For example, on Twitter, whenever I see any account discussing information primarily based on emotional outbursts and short-term prices (like "the price went up today, I'm awesome; the price dropped tomorrow, I'm cursing; the price has dropped recently, why isn't the team pumping it; the price will go up next time, should I follow the whales; this coin went up today because of a big player, that coin dropped tomorrow because of a sell-off…"), I block or mute such accounts.

Among these types of accounts, there is also a special category. A typical example is that in every round of crypto market trends, some emerging popular fields (like this round's inscriptions, AI + Crypto) will appear. In these emerging popular fields, some new accounts suddenly pop up; they may have discovered an opportunity or have a particularly unique understanding of the field, so they provide some relatively valuable trending information.

For these accounts, most of them also talk a lot about short-term prices, but I can tolerate that and will temporarily follow their accounts.

However, I have noticed that many of these accounts have a pattern: generally speaking, once the hype of this round passes, the value of the information they provide will drop sharply, and eventually, they will only discuss short-term prices without providing any valuable information. At that point, I will block or mute them.

So now, I mainly follow three types of information sources on Twitter:

  1. Daily news;
  2. Accounts I have been following for a long time that mainly discuss the value of a particular project, the potential significance of an event, or the impact of a certain action…
  3. Accounts I temporarily follow that can provide valuable information in the areas I am interested in.

After this filtering, the new information I need to look at on Twitter each day is not much, and I don't spend too much time on Twitter.

WeChat is similar; after filtering, the public accounts I have been following long-term are reduced to two categories:

  1. Daily news;
  2. Public accounts that discuss project value and value judgment.

Everyone's time, energy, and attention are very precious. By using this method, we can allocate our valuable resources to obtain the most valuable information and filter out useless information.

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