From Newbie to Veteran: Journey of a Trader |
I have been trading currencies for a few years now with some success and some failures. I have spent countless hours and large sums of money trying to educate myself in order to gain an edge. This blog is about the journey from a beginner to a pro trader. |
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StockTwits : Bringing back a sense of community back to Online Trading
Trading is a solitary activity. We traders are glued to a computer all day, looking at patterns, news or opportunities, searching for clues to give you an edge. With the advent of online trading, we have become even more secluded into our virtual trading rooms, surrounded by our gadgets and any electronics we think might give us an edge.
Twitter has been a godsend for traders. If we wanted to get a feel of the market in real time, our options were limited. We could
- Listen to the market commentators on TV. Unfortunately they are rarely giving you relevant insights you can actually use to make money. In the rare occasion they’ve got an expert on a specific subject, pretty soon, that expert becomes another pundit with vague broad views on the market and an opinion on almost everything.
- Read online groups and web forum, but the information was rarely reliable and mostly too late.
Twitter allowed traders to express their thoughts on the market in real time. I think StockTwits capitalized on that momentum and was able to deliver a virtual trading room by filtering out all the non-markets related tweets.
I’ve been using StockTwits for a while now and I think it’s great. It brought back the sense of Traders Community that online trading is lacking.
Any new traders out there, try it out. It will not make you rich nor smarter, but you will not feel as isolated.
