5 Ways Twitter Can Make You a Better Trader
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#1 Track the Market in Real Time
Like I said, Twitter offers a real-time read on the market. You can watch the herd move in one direction just like the trading pit (minus the shouting), and trade with or against them. Below are two different ways to get a pulse on the trading community when using Twitter:
StockTwits aggregates real-time tweets. When Twitter users tag stock tickers with the $ symbol or market-related comments with $$, those tweets get fed into StockTwits. You can then stream the tweets by specific filters. Personally, I stream by recommended StockTwits to get a pulse on what traders are talking about. (Watch an introduction to StockTwits.)
TweetDeck is a desktop application that helps you manage Twitter more efficiently while making your Twitter experience more robust. I use TweetDeck to stream the stock tickers I'm trading on a given day. Note that you have to use the $ symbol in order to filter out non-stock-related chatter, e.g., $UNG, $AAPL, $ORCL. (See a tutorial on TweetDeck.)
TWITTER TRADERS
Options Twits: 8 Options Gurus You Should Follow on Twitter
In the spirit of sharing, we've put together a short list of options experts on Twitter. If you're trader on twitter and are looking for actionable and real-time tweets about options, these are your twits. more
Q&A With 5 Traders on Twitter
Investors and traders use Twitter as an invaluable resource to get real-time information and advice. We've highlighted 5 traders to help them in their trades. more
Full Q&A With Investors and Traders on Twitter
Twitter is growing in popularity amongst investors. Especially amongst traders. Here's a Q&A we conducted with 5 Traders on Twitter. more
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Sam Collins
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