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The StockTwits Edge

www.amazon.com/Stock..
Category: Books
Profitable trade set-ups from StockTwits leading traders StockTwits has emerged as the leading stock market social networking site, providing traders and investors with a vehicle to exchange ideas and receive real-time market insights. StockTwits is a "farm club" for talent, the American Idol of Finance. One of the biggest secrets on Wall Street is that to become consistently profitable, you need to specialize in a distinct setup. A setup is a combination of factors that need to align in time and space in order to produce a buy or sell signal. In The Stocktwits Edge, both well-known professional traders and lesser-known individual traders, describe their highest probability setups. Throughout the book, you will get acquainted with various market methods in terms of time frame and asset class. There is something for everyone. Some of the best traders on Stocktwits guide you through how they find profitable ideas on a daily basis and how they manage risk. They not only explain which factors are important, but also why they are important. While there are many factors involved in successful trading and investing, the ability to identify profitable situations is paramount. This book will help you achieve that goal.
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"This is an unusual book. Like most books that involve the internet, the pace of change is so rapid that it will probably not be valuable two years from now. But in the short run there can be benefit.

The book is 46 essays from people who are engaged to some degree in using StockTwits, a popular internet site where traders and investors exchange thoughts about investments. The internet encourages fast exchanges of data -- after all, it is called StockTwits because of Twitter, not because they are fools (Twits). There's another investing site for Fools, Motley as it is, and it has its own charm.

But speed in gathering information on investing is more suited to trading than investing, and so it should be no surprise that the book is 90% geared to trading, and 10% to fundamental investing.

Thus the book has the most value for those who want to learn to trade better -- there are 42 traders giving their opinions on how to trade. But the average chapter is only 8 pages long, so all you get of any trader is a taste of what they do.

My advice would be to read the book, scan for the traders/investors that fit you personality well, and talk with them at their websites to get a fuller picture of what they do. (My favorites were Eddy Elfenbein and Todd Sullivan.)

Quibbles

Personally, I would have done a book with fewer participants and longer chapters. I also would have included more about how StockTwits itself improves investing. Finally, I would have had that great internet finance curator, Tadas Viskanta write the last chapter. It would have really added to the book.

Who would benefit from this book:

Traders looking for a taste of the strategies of others would benefit from this book. Fundamental investors will find this to be thin gruel."

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.
OrigamiBuys Los angeles, CA

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