Social Media & The Markets — Part 4 of 6

Who to Follow (and Who to Block) — Curating Your Feed

The 5-tier system for evaluating every financial account. How to build an inner circle of 20-30 high-quality voices, stack newsletters and podcasts, and aggressively eliminate noise from your information diet.

Tier System Curation Newsletter Stack Podcast Stack
Social Media & The Markets4/6
The Problem5-Tier SystemHow to EvaluateBest by CategoryInner CircleNewsletter StackPodcast StackKey Takeaways
The Influencer Problem

The Influencer Problem

Most "finfluencers" make money from their audience, not from their trading. This is the fundamental conflict of interest that poisons financial social media. When someone's income depends on getting likes, views, and subscribers, their incentive is to create engaging content — not accurate content. And engaging content in finance means bold predictions, dramatic narratives, and simple answers to complex questions.

87%
Finfluencers with no credentials
72%
Never post losing trades
$50K-500K
Annual income from content
8%
Actually profitable traders

The result is a financial social media landscape where the loudest, most confident voices dominate — and these are almost never the best analysts. The best analysts tend to be measured, acknowledge uncertainty, and publish at a lower frequency. They're drowned out by the daily content factory of finfluencers who need to post 3 times a day to stay relevant.

The Finfluencer Equation
Content Frequency × Confidence = Followers ≠ Accuracy

The Incentive Test

Before following any financial account, ask: "How does this person make money?" If the answer is "from trading," they have aligned incentives — they succeed when their analysis is right. If the answer is "from subscribers, course sales, affiliate links, or paid promotions," their success is decoupled from accuracy. They profit whether their calls are right or wrong. This doesn't mean they're all scammers — but it means you need to verify their track record independently.

The 5-Tier System

The 5-Tier System for Financial Accounts

Not all financial accounts are created equal. This tier system helps you quickly categorize any account and decide how much weight to give their opinions.

1 Tier 1 — Institutional Voices

Who: Active fund managers, chief economists, sell-side research heads, financial journalists at major outlets, former central bank officials.

Why they matter: These people manage real money (billions) or have access to data and contacts that retail traders don't. When a fund manager shares a market view, they're putting their career and capital on the line. When a Bloomberg journalist breaks a story, it's been fact-checked.

Signal value: Very high for macro themes, market regime identification, and understanding how institutional money thinks. Less useful for specific trade ideas (institutions don't share those on Twitter).

How to identify: Verified accounts, professional bio with employer listed, published track record, quoted in mainstream financial media.

2 Tier 2 — Specialist Researchers

Who: Sector-focused analysts (semiconductors, biotech, energy), quantitative researchers, SEC filing trackers, alternative data specialists, independent research shops.

Why they matter: These people spend all day in one domain. A semiconductor analyst who tracks TSM, ASML, NVDA, and AMD supply chains daily will see shifts months before generalist analysts. An SEC filing tracker who reads every Form 4 and 13F will spot insider buying patterns before they make the news.

Signal value: Extremely high within their domain. Often the best source of alpha on social media because their specialization gives them an information edge.

How to identify: Consistent posting within a single sector or data category, cited sources, deep technical knowledge evident in responses to questions.

3 Tier 3 — Experienced Traders

Who: Active traders with 5+ years of demonstrable track record, consistent posting of both entries AND exits, transparent about losses.

Why they matter: These are the rare social media accounts where you can actually learn trading craft. They share real-time decision-making, explain their reasoning, and — crucially — post their losing trades alongside their winners.

Signal value: High for learning trading process; moderate for specific trade ideas (you need to adapt to your own risk tolerance and timeframe).

Key filter: They MUST post losses. Any trader who only shows wins is either lying or survivorship-biased beyond usefulness.

4 Tier 4 — Entertainers

Who: Large-audience accounts that focus on market commentary, memes, and general financial discussion. They're entertaining and can be good for keeping up with sentiment, but they rarely provide actionable analysis.

Signal value: Low for trade ideas. Moderate for sentiment gauge (what the crowd is thinking/feeling).

The trap: These accounts feel useful because they're always posting. But frequency does not equal quality. Following 20 Tier 4 accounts will make you feel informed without actually being informed.

5 Tier 5 — Pumpers & Scammers

Who: Accounts that promote specific stocks without disclosure, paid promoters, "VIP" group organizers, guaranteed-returns grifters.

Signal value: Negative — following these accounts makes you LESS informed and more likely to lose money.

Action: Block immediately. Not mute — block. Blocking removes them from your algorithmic feed and prevents their content from leaking into your information stream through retweets and quote tweets.

The Value Pyramid

How to Evaluate

How to Evaluate Any Financial Account

Before following any financial account, run it through this evaluation framework. It takes 5 minutes and saves you months of noise.

CriterionGreen FlagRed Flag
Post HistoryYears of consistent, analytical contentMostly promotional, recent pivot to finance
Win/Loss TransparencyPosts both winners and losers with analysisOnly winners shown, losers deleted
Position Disclosure"I'm long $AAPL" or "No position"No disclosure, unclear if they hold
CredentialsCFA, former analyst, verifiable employer"Self-taught millionaire at 22"
Revenue SourceTrading, institutional salary, researchCourses, paid groups, affiliate links
ToneMeasured, acknowledges uncertainty"GUARANTEED returns" / "Can't lose"
Engagement StyleResponds to bear case with dataBlocks/attacks anyone who disagrees
FrequencyQuality over quantity, posts when has insightDaily hot takes on every market move
Bear CasesRegularly presents risks to own positions100% bullish (or bearish) all the time
Time HorizonClear about their timeframe and processShifts narrative when trades go wrong

The Deletion Test

One of the most revealing tests for a financial account: do they delete bad calls? Use the Wayback Machine or Twitter/Reddit archive tools to check if an account has deleted posts where their predictions were wrong. Legitimate analysts leave wrong calls up and learn from them publicly. Frauds delete everything that damages their "track record." If you find deleted predictions, unfollow immediately.

Best Accounts by Category

What to Look For in Each Category

Rather than naming specific accounts (which change over time), here's what to look for in each category of financial voice. Use these criteria to build your own curated list.

Macro Commentators

What to Look ForWhere to Find ThemValue
Former central bank researchers who tweetTwitter/X — search bios for "Fed," "ECB," "BIS"Understand monetary policy mechanics from inside
Cross-asset strategists at major banksTwitter/X, LinkedIn — official bank accountsFramework for connecting rates, FX, equities
Independent macro newslettersSubstack, Twitter/X — look for cited data sourcesTranslate complex macro into actionable insights
Economic data trackersTwitter/X — real-time CPI/NFP/PMI commentaryInstant context for data releases

Tech / Growth Analysts

What to Look ForWhere to Find ThemValue
Former sell-side tech analysts now independentSubstack, Twitter/XInstitutional-quality earnings analysis
Supply chain trackers (semis, EV, cloud)Twitter/X — follow breadcrumb trailsEarly signals on demand/supply shifts
Patent/filing analystsReddit (r/SecurityAnalysis), Twitter/XUpcoming product launches before announcements
VC/startup ecosystem voicesTwitter/X, SubstackEarly trends before public market impact

Options & Derivatives

What to Look ForWhere to Find ThemValue
Market makers / former floor tradersTwitter/X — search for Greeks discussionsHow the options market actually works mechanically
Volatility specialistsTwitter/X, SubstackVIX term structure, skew, vol regime analysis
Options flow trackersTwitter/X, Unusual WhalesReal-time unusual activity context
Educational options accountsReddit (r/options, r/thetagang), YouTubeLearn strategies from practitioners

Quant / Data-Driven

What to Look ForWhere to Find ThemValue
Academic researchers who publish market studiesTwitter/X, SSRN, SubstackBacktested evidence, factor analysis
Alternative data analysts (satellite, web traffic)Twitter/X, SubstackNon-traditional signals before they appear in earnings
Systematic strategy buildersReddit (r/algotrading), Twitter/X, GitHubOpen-source backtests, strategy ideas

SEC / Filing Trackers

What to Look ForWhere to Find ThemValue
Form 4 (insider transaction) monitorsTwitter/X, OpenInsiderReal-time insider buying/selling alerts
13F (institutional holdings) trackersTwitter/X, WhaleWisdomWhat Buffett, Druckenmiller, Soros are buying
Congressional trade monitorsTwitter/X, Quiver QuantPelosi trades and other congressional activity
SEC enforcement trackersTwitter/X — search for SEC enforcement commentaryFraud detection, regulatory risk alerts

Crypto Analysts (Legitimate)

What to Look ForWhere to Find ThemValue
On-chain analysts (blockchain data)Twitter/X, Dune Analytics dashboardsExchange flows, whale movements, protocol metrics
DeFi protocol researchersTwitter/X, Substack, MirrorProtocol mechanics, TVL analysis, yield strategies
Macro-crypto crossover analystsTwitter/X, SubstackBTC correlation to rates/DXY, institutional adoption
Building Your Inner Circle

Building Your Inner Circle: 20-30 Accounts > 500 Noisy Ones

The most important curation decision you'll make is this: 20-30 high-quality accounts, read thoroughly, is worth infinitely more than 500 accounts scrolled through quickly. Depth of engagement beats breadth of exposure.

The Optimal Feed Structure

CategoryAccountsPlatformCheck Frequency
Macro (Tier 1-2)5-7Twitter/X ListsDaily AM + PM
Sector Specialists (Tier 2)5-8 (your focus sectors)Twitter/X Lists + SubstackDaily
Options/Flow (Tier 2-3)3-5Twitter/X + StockTwitsMarket hours
Filing Trackers (Tier 2)2-3Twitter/X alertsNotifications on
Newsletters (Tier 1-2)5-8Substack / EmailWhen published
Community (Tier 3)2-3 groups maxDiscord / Reddit2-3x per week

The Twitter/X Lists Strategy

Twitter's Lists feature is one of the most powerful and underused tools for financial information. Instead of following accounts (which pollutes your main feed), create private lists:

The Contrarian List

This is the most important list: accounts that consistently disagree with your market view. If you're bullish, follow quality bears. If you're bearish, follow quality bulls. This single practice — deliberately exposing yourself to the strongest version of the opposing argument — prevents more bad trades than any technical indicator. Your goal isn't to be right; it's to not be surprised.

The Mute/Block Strategy

Aggressive curation isn't just about adding the right voices — it's about eliminating the wrong ones. Your feed quality is determined as much by what you remove as by what you add.

Newsletter Stack

The Newsletter Stack: Institutional Research for Free

A well-curated Substack stack can replace $10,000-50,000/year in traditional research subscriptions. Here's how to build one.

The Ideal Newsletter Stack (8-12 total)

CategoryCountWhat to Look ForRead Frequency
Daily Market Brief1-2Pre-market summary with data, not opinions. Key levels, earnings, macro events.Every morning
Macro Analysis2-3Former institutional economists/strategists. Data-heavy, regime identification.When published (weekly)
Sector Deep Dives2-3Industry specialists in your focus sectors. Earnings breakdowns, supply chain.When published (2-4x/month)
Quantitative/Alt Data1-2Backtested research, factor analysis, alternative data signals.When published (weekly-monthly)
Earnings/Filing Analysis1-2Same-day earnings breakdowns with actionable takeaways.Earnings season

The Free Tier Strategy

Most financial Substacks offer a free tier that includes 50-80% of their content. Start by subscribing to the free tier of 15-20 newsletters. After 3 months, you'll know which 3-5 are genuinely worth paying for ($5-20/month each). A $50-100/month newsletter budget can replace what institutional clients pay $50,000/year for — but only if you choose wisely. The free trial period is your best friend.

Podcast Stack

The Podcast Stack: Financial Education on Your Commute

Financial podcasts are the most underrated learning tool available. They turn dead time (commuting, exercising, cooking) into market education. The key is selecting podcasts that prioritize depth over frequency.

What Makes a Great Financial Podcast

Green FlagsRed Flags
Interview-based with industry expertsSolo host giving daily hot takes
Episodes 45-90 minutes (depth)5-minute "market updates" (surface-level)
Host asks challenging questionsHost agrees with every guest
Guests include bears AND bullsOnly one market view represented
Published weekly or bi-weekly (quality)Daily episodes (content factory)
Disclaimers and balanced perspective"I'm never wrong" energy

Categories Worth Following

The RSS Revival

RSS feeds (using apps like Feedly, Inoreader, or NetNewsWire) are making a comeback for a good reason: they let you aggregate content from Substack, blogs, YouTube channels, and Reddit subs into a single chronological feed — with no algorithm deciding what you see. Building an RSS feed is 30 minutes of setup that saves hours of social media scrolling per week.

The Annual Feed Overhaul

Once per year, do a complete audit of every financial account you follow across all platforms. This prevents the gradual accumulation of noise that degrades your information quality over time.

StepActionExpected Result
1. ExportList every account you follow on Twitter, Reddit subs, Substack, DiscordFull inventory (usually 200-500 accounts)
2. CategorizePlace each account into Tier 1-5 classificationVisual map of your information sources
3. EvaluateFor each account: "Did this provide actionable insight in the past 90 days?"30-50% will be "no"
4. PruneUnfollow all Tier 5, most Tier 4, and any Tier 1-3 that went inactiveRemove 30-50% of accounts
5. DiscoverActively seek 10-20 new Tier 1-2 accounts to replace the pruned onesRefresh your information sources
6. RebalanceEnsure you have the right mix: macro, sectors, options, filings, contrarianBalanced information diet

Creating Your Own Signal Filter

Over time, you'll develop an intuitive sense for which social media content deserves your attention. But intuition is unreliable — especially when FOMO is involved. Build explicit filters:

The 5-Second Filter

Before reading any financial post in full, apply this 5-second filter:

This filter saves you 60-90 minutes per day by instantly screening out 70%+ of noise before you invest attention in reading it.

Account Quality Scorecard

Key Takeaways

Key Takeaways

What You Should Remember from Part 4

The Weekly Curation Routine

Building a great feed isn't a one-time setup — it requires ongoing maintenance. Here's a weekly routine that takes 30 minutes and keeps your information diet optimized:

DayActionTimePurpose
MondayReview weekend newsletters — note which provided actionable insight10 minQuality assessment of newsletter stack
WednesdayCheck Twitter/X Lists — are all accounts still active and useful?5 minPrune inactive or declined accounts
FridayReview the week: which account provided the best insight? Which the worst?10 minOngoing optimization of information sources
MonthlyFull audit: unfollow bottom 10%, add 2-3 new promising accounts15 minPrevent feed stagnation

Advanced Curation: The Multi-Source Verification System

Once you have your inner circle built, the real power comes from cross-referencing their views. Here's how to use your curated network as a decision-support system:

The 3-Voice Framework

Before making any significant investment decision based on social media analysis, consult three types of voices in your network:

If you can't find all three perspectives, your network is too narrow — or the trade doesn't have enough coverage to be well-understood. Either way, that's useful information.

Platform-Specific List Management

Reddit: Custom Multireddits

Reddit's multireddit feature lets you combine multiple sub-reddits into a single feed. Create these custom multireddits for efficient browsing:

StockTwits: Custom Watchlists

StockTwits allows you to create watchlists that track both tickers and specific users. Build these watchlists:

Substack: Email Management

As your Substack subscriptions grow, email management becomes critical:

The Information Diet: Calories vs. Nutrition

Think of your social media consumption like a diet. Most financial social media is empty calories — it feels satisfying in the moment but provides no nutritional value. A hot take about the market drop feels urgent and important, but it doesn't actually improve your investment decisions. Meanwhile, a deep Substack analysis about semiconductor supply chains is the equivalent of a nutrient-dense meal — less exciting, but far more valuable for long-term performance.

Content TypeNutritional ValueConsumption Limit
Deep research (DD, Substack, long threads)High NutritionAs much as you can absorb
Data and filings (SEC, earnings, charts)High NutritionDaily — primary information source
Expert commentary (Tier 1-2 accounts)Good Nutrition30 min/day
Market recaps and summariesModerate1-2 per day (not 10)
Hot takes and reactionsEmpty CaloriesMinimize — provides comfort, not insight
Memes, loss porn, gain screenshotsJunk FoodEntertainment only — never inform trades
The Information Diet Rule
80% Deep Research + 15% Expert Commentary + 5% Entertainment = Optimal
Quiz: Evaluating a financial account

Account A: 500K followers. Posts 5x/day. Shows winning trades only. Sells a $997 course. Bio says "retired at 25 from trading." No verifiable employer history.

Assessment: Tier 4-5. Multiple red flags: frequency over quality, no losses shown, course revenue dependency, unverifiable claims. Mute or block.

Account B: 15K followers. Posts 2-3x/week. Former semiconductor analyst at a major bank. Threads include supply chain data, earnings comparisons, and bear cases on their own positions. Discloses all holdings.

Assessment: Tier 2 — Specialist researcher. All green flags: credentials, low frequency/high quality, transparency, bear cases. Follow and add to sector list.

Your Starter Kit

The Week-1 Starter Kit: Setting Up Your Curated Feed

If you're starting from scratch, here's exactly what to do in your first week to build a high-quality information feed:

Day 1: Twitter/X Setup

Day 2: Reddit Setup

Day 3: Newsletter Setup

Day 4: StockTwits + Tools Setup

Day 5: Discord + Community

Day 6-7: Podcast + Cleanup

Total setup time: approximately 3-4 hours spread across one week. This investment pays dividends for years by ensuring that every minute you spend on financial social media is high-quality information, not noise.

Part 5 of 6
The Retail Mind — What Drives the Crowd (and How to Profit)
Social Media & The Markets4/6