You’ll love this StockTwits Review because even my wife wanted to know more! Her first question was, “Is it like Twitter?”. Let’s answer that first and find out how StockTwits may help you as a trader. Entrepreneur Magazine indeed described it as “a Twitter for traders. It is a lot more than that. Some say that it looks more like Facebook than Twitter.
StockTwits has been an online community to exchange ideas for over a decade. According to Howard Lindzon, StockTwits co-founder, the registered users of the platform generate and share more than 200,000 ideas and messages daily. Over 2 million individuals use StockTwits to read the ideas/opinions of like-minded investors.
A network is growing by more than 50% year-over-year. With such growth, it can get noisy. You could say that it may tweet like a bird. But, at times, it also honks like a flock of geese. No offense meant to StockTwits (or any goose) because, after all, it is noise about what we love: trading!
Table of Contents
StockTwits App Review Introduction
StockTwits founders did recognize the noise issue as they stated recently that, after ten years of growth, certain types of noise are cluttering the platform with unwanted content.
To address the issue, StockTwits launched a new feature called “Rooms.” Check out other StockTwits review articles to get other traders’ opinions.
Members can select and pay for a restricted chat room started by other community members wanting to monetize their trade ideas and content. Only time will tell if this was a good idea from StockTwits. Undoubtedly, you can find amazing content on StockTwits, but the difficulty is knowing who you can or cannot trust in an industry where many are just after your money.
Thankfully, the Bullish Bears team has your back, with people you can trust and more than enough free education to grow your trading skills.
A Bird With a Pulse
As traders, we need to keep our fingers on the keyboard, on the mouse, and on the pulse of the market! StockTwits provides a nice way to read the ‘sentiment’ of the market and even specific stocks, thanks to the ongoing real-time financial communications of the trading and investing community.
This is where many traders see the value of StockTwits. Did you know, for example, that StockTwits created the $ prefix for displaying stock symbols? The now-famous dollar sign tag is called a cash tag. The hashtag (for example, $AAPL) became popular to identify, index, and track stocks all over the web (including Twitter).
The real-time feedback driven by human interaction can be meaningful. StockTwits provides the “Unusual Social Volume” and the “Trending Now” features. It can be a valuable tool to see what is hot and up (or down) at a glance. You will find the “Trending Now” stocks on the left side of the site. What are other StockTwits review articles saying about this?
Recommendations
- Include a relevant $TICKER in your message.
- When conversing with others, use “reply” or address your message directly to the intended user via @username or direct message.
- Be a curator of excellent content.
- When sharing a link to a blog post or an article, paste the long original URL in the StockTwits message box.
- If you see someone sharing great content or smart ideas on the stream, give them a shoutout!
- Be helpful when users ask you questions.
Activities to Avoid
- I am sending links to advertisements for services or links that require signup/login to view content.
- Do not include $TICKERS in messages where you are not sharing a new and actionable trading/investing idea about that ticker.
- Do not include a $TICKER in your side conversations. It is noise to everyone else on the stream who isn’t party to your discussion.
- Avoid engaging with trolls/haters.
What Is StockTwits?
- StockTwits is a social stock trading app for traders and investors
- It is similar service to Twitter but tailored to stocks
- Traders post about stocks, options, futures, futures, and forex
- Real-time stock news posted by a real community of traders
- Invest and share your trade ideas commission-free with the Trade App
COURSE |  |  |  |
|---|---|---|---|
| DESCRIPTION | Learn how to read penny stock charts, premarket preparation, target buy and sell zones, scan for stocks to trade, and get ready for live day trading action | Learn how to buy and sell options, assignment options, implement vertical spreads, and the most popular strategies, and prepare for live options trading | How to read futures charts, margin requirements, learn the COT report, indicators, and the most popular trading strategies, and prepare for live futures trading |
| INCLUDED | Daily watch lists • Trade rooms • Trading scanners • Discord • Live streaming Day Trading > | Daily watch lists • Trade rooms • Options scanners • Discord • Live streaming Options > | Futures target levels • Trade rooms • Real time teaching • Discord • Live streaming Futures > |
Choosing Who to Follow
With the StockTwits App specializing in streaming all manner of stocks, futures, and Forex trading chatter, you can be updated on major market-moving news and “ideas” from other traders. For a steady stream of ideas and market updates, it is best to keep a limited stream of notifications by maintaining a well-curated notification list.
You only want messages that are useful to you. When you use the StockTwits app, it will be more helpful if you carefully select high-quality accounts and stocks to follow. StockTwits functionality allows users to share technical analysis charts and short videos if they love charts and videos.
Members can record up to 5-minute videos to share their screens with stock analysis and opinions. It is a good stock trading tool to learn from the pros you follow, and if you feel ready, you can also let the trading guru inside you impart your experience and knowledge.
StockTwits Stock Portfolio Review
The StockTwits trade app allows you to invest commission-free and allows people to follow their trades. Invest With Friends. It’s a great way to share trades and allow you to learn from other traders.
StockTwits has useful resources despite all the traffic noise inherent to this type of social media. One of the features with the most “likes” among StockTwits users is the ability to connect your brokerage account and see the stocks you own on your StockTwits watchlist.
As swing traders and investors with a portfolio of stocks, you can stay updated on your stocks without too many distractions by simply limiting the notifications to your portfolio and watchlist. If you don’t have an ongoing watchlist, the StockTwits app is an ideal tool to start one and receive real-time notifications.
Thanks to the TradeIt technology in the StockTwits app, you can sync, view, and manage your portfolio from major brokers right from your StockTwits watchlist. Keep in mind that financial conversations may not equate to good financial advice.
However, connecting your watchlist to the app is a way of getting the overall sentiment of popular stocks like AMD, TSLA, and AMZN and all the stocks you like. Following their investment in the Robinhood trading platform, StockTwits also offers brokerage functionality powered by Robinhood.
Hundreds of apps nowadays are leveraging the StockTwits API, including Trade-Ideas. Interactive Brokers, for example, provides Active Account holders a StockTwits feature in its News streaming window:
Follow the Bullish Bears on StockTwits
Pros
There is a lot more good with StockTwits than bad. Hey, it’s free. It integrates with many other platforms and brokers. It can be used for assessing sentiment and trending stocks, and the list goes on. As a trader who likes to interact with like-minded people, StockTwits is a good option.
At least when compared to conventional unfocused social networks. Managing your StockTwits app properly can help you put your finger on the market’s pulse by the minute. It’s user-friendly, and there are many ways to sort what you see, including using “heatmaps” and graphs.
StockTwits can be enlightening, and the chats can be entertaining. However, there are also a few “dislikes” and warnings from the trading community. Check out a list of the top trading companies.
Cons
With so many people chipping in with their opinions and ideas, you may end up with paralysis analysis if you listen to too many. Finding out who to pay attention to is a challenge. There are many trolls and biased traders.
It’s difficult to judge the value of the information when there is no systematic way to verify the identities and profiles of the users. Michael Covel, the author of the book Trend Following, says that the best traders on the planet are not using StockTwits.
I am not sure about that, but you must research before making investment decisions. Despite the harsh critique of Michael Covel, it’s a great platform to discuss stocks (or argue) with other traders. Just keep in mind that the signal-to-noise ratio on StockTwits is weak.
Stocktwits Top Followed Stocks
What are the top followed stocks on Stocktwits, you might ask? Well, the most watched and searched stocks daily are:
- AMZN
- AMD
- SPY
- TESLA
- AAPL
- FB
- NFLX
- ROKU
- AMEN
- NIO
I could go on much longer, but I will stop the list here. These stocks have LOTS of watchers. (over 100k) – These stocks also have some fairly good ATRs (average true range) – making them fun to trade options on.
The Circus (And the Acrobat Traders)
If you are looking for a sign of what to do with your stock, you may get more entertainment value than trading ideas. Getting so much conflicting information is easy that your decision-making process will be even more difficult.
Some experienced traders see StockTwits chatter as just entertainment. It’s probably not a place to do your due diligence. It is best not to rely entirely on StockTwits for investment advice.
StockTwits can be fun, but use it carefully and moderately if you are a beginner trader. Please take advantage of our free training for beginners. We’re not circus acrobats, but we are a community of people helping each other. Plan your trades with BullishBears and skip the noise.
The Dangerous
When googling for specific stocks, you will likely end up on StockTwits. Particularly if the “pumper and dumpers” are working to promote the stock. Plus, all types of trading educators on the platform are more interested in selling to you than educating you.
A good education is not free. However, fair and honest mentors who charge a reasonable fee and have your best interest at heart are not easy to find in a sea of self-promoters, trading gurus, and dream sellers. They often leverage StockTwits to get to you.
It doesn’t make Stocktwits bad; you must know what to watch for. Or better yet, what to ask for. Documentation beats conversation. Hindsight traders are a dime a dozen.
I heard someone say that a trading expert is often someone who will know tomorrow why the things he predicted yesterday didn’t happen today. Seriously though, nothing compares to having someone teaching live and having access to a documented track record.
Final Thoughts: StockTwits Review
StockTwits is one more tool in your arsenal if you have the patience to find actionable information. Disorganized huge amounts of information can be a time waster. However, StockTwits is user-friendly enough to overcome this issue.
If you are new to StockTwits, follow us here, and don’t be shy about asking questions and contributing.
Frequently Asked Questions
Investors cannot purchase shares of StockTwits because the company is privately held.
