I’ll be the first to tell you that it took me sometime to eventually create a Twitter account. I mean how good could a service be where it was just a bunch of 140 characters or less comments be?
Well I my preliminary judgement was absolutely wrong. Besides just the normal networking and discussion amongst others, Twitter allows users to access a wealth of information within seconds at anytime of the day.
While most of you probaby don’t care about the regular aspect of Twitter, a group of people developed a site call StockTwits.com. Essentially it gathers all the comments posted on Twitter that have a stock symbol in it (usually indicated with a $ in fron i.e $MSFT).
With new comments posted nearly every second of the day, you will always have somebody to talk to or bounce investing ideas off. The other day I was perusing through some financial sites at 2 in the morning and wanted to know what some people thought of a certain stock. I simply asked the Twitter community and within seconds I had people giving me their opinions. This is at 2 in the morning.
I am typically not a daytrader, but if you aren’t watching Twitter/StockTwits during the market hours you could definitely be losing some money. In fact the other day I made a nice little profit because of a comment somebody posted.
There are users who post exactly when you should buy, sell, or watch a stock. Even if you are shaky about your trading skills, then just sit back and see how some people do it.
You won’t really understand the power of Twitter/StockTwits until you actually try it out. It is a free service, really easy to use, and yes I am on it. Friend me!