What is StockTwits?
StockTwits is an open network that is focused on real-time and automated trading of individual stocks. The network is totally free to join and allows for trading of individual stocks. You can create an account in minutes and then you can start interacting with other users.
When you sign up, you will see something like this:
You are now ready to start trading. Here are a few tips on how to get started:
Pick a stock that you really like and then make a list of trades to buy and sell every day. The more you trade, the better you get at timing the market and also picking the right trades for the best returns.
How to Install the App
After you log in, go to “Settings” then click “Settings for new users”. Click “Go”
You will see the following screen and click “OK” to continue.
You will now be at the login screen.
Enter your credentials here and click “Log in”.
You will now be at the home page of StockTwits. You should now be able to see all of the latest posts, discussions and communities about your stocks.
How to Start a StockTwits Community
To start a StockTwits community, visit the StockTwits website and click “New Community” in the left menu.
Now select a category that fits your preferences. You can select “News and Analysis”, “Investing”, “Markets and Investing”, and “Finance”
Click “Create Community”.
Now you will need to fill out the following information.
Tips for Beginners
StockTwits for Beginners: How to Get Started, Tips and Strategies
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Jiayi Zhu, Ivey School of Business
StockTwits is a social network for traders, investors, and the curious. Unlike most social networks, it’s owned and managed by one company (Twitter). StockTwits enables users to follow stocks, ETFs, accounts, and so on, based on their publicly available data. But what sets StockTwits apart from other social media platforms is that it features real-time conversations from expert traders and investors. These users share stock ideas, price trends, or market statistics. You can also monitor companies’ announcements and events, from announcements of upcoming product launches or acquisitions to stock splits.
StockTwits vs. Stock Twitter: Which is Better?
The job of an analyst is to cut through the noise and point out the things that matter. But do analysts do that with their Twitter and StockTwits feeds?
A new study published by Three Creeks Capital Management, a top-rated hedge fund, throws cold water on the notion that you should be following hedge fund managers and traders on Twitter. Specifically, according to the study, there is no clear correlation between a hedge fund’s social media activities and their alpha generation performance.
And yet the very people who are the least invested in following the market are most vocal about how people should or should not invest based on the strength of their Twitter feed.
StockTwits vs. Stock Twitter: Who Should Use Them?
StockTwits and Stock Twitter are the two top messaging platforms that you can use for sharing stock market information, with StockTwits holding a lead in terms of users.
That doesn’t mean the two are equivalent though. To be honest, there are reasons why you might prefer one over the other depending on what your priorities are.
But let’s start by comparing how they work.
What Is StockTwits?
Stockshow.com has been around for quite some time, and is the go-to place for investors to buy or sell their investments.
They use StockTwits to connect with a community of stock market traders and chat live as well as in the form of e-mails and social media. This is the sort of interaction that you don’t get from stock Twitter.
Conclusion
There’s a lot of trading advice floating around out there, but few are suitable for beginners. In this short video, learn how to start and profit in the highly volatile and unpredictable world of trading.
Need some insider trading strategies? Check out 6 ways to make money trading stocks and 6 tips to make money trading.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: Disclosure: This information is not investment advice. I will never recommend any trades.
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