Be wary of social media trading tips, European regulator warns

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European regulators have warned retail investors against participating in financial markets 'purely' based on information they gather from social media.

Many retail investors put a big chunk of their savings on GameStop and some earned a good return.

Though European stocks have not experienced a similar situation, more and more Europeans are engaging in retail investment, marking a sharp contraction with previous investment behavior in the region. "What we have done as a securities regulator is that we have alerted investors to the risks of, for example, investing purely based on information coming from social media," Steven Maijoor, chair of the European Securities and Markets Authority, told CNBC's Squawk Box Europe.

 

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Be wary? No. Ignore them, they're worthless even if they're right 100% of the time. If you don't understand what you're doing success is meaningless. Not to mention unlikely.

Been getting better tips on WSB then jimcramer has ever given.

Please I personally need them to continue listening to sm trading tips. I enjoy the upside of our zero-sum games.

“Elon Musk tweeted about it” is not a valid investment thesis

come on, you also know what's coming in March right? in crypto banking !!!! everyone sees where the cornah leads us to, anyway. one free from conatc money. first steps have been taken. wait these days when great news is announced, even you don't see it ... it turns out ...

Be wary from the media trading tips and the hedge fund who appears in tv in the gave wrong advice and misleading the public .

good luck

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