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Tuesday, August 18, 2009

Stocktwits TV: filter noise & find value

Sharing a cool "After Hours" episode of Stocktwits TV (8/18/2009) with Howard Lindzon & Steve Gomez, aka TodayTrader.

In this program, Howard & Steve discuss the basics of getting started in trading, using Stocktwits for sharing & disseminating trading ideas, the rise of high frequency trading & flash orders, and how to stay focused on what's most important when you are confronted with a barrage of information.

One of the key ideas shared in this episode (and in the 8/17 ep.) was the importance of filtering out the noise in any given medium and finding the information that provides the most value for you. Howard & Steve offered the example of filtering your info flow on Twitter and Stocktwits to build a useful network for sharing info and ideas with like-minded people.

This theme of managing information in an age of 24/7 news cycle and information overflow is something that really stands out for me, and it is an idea that I touched upon in our 2007 radio interview with Financial Blog Watch (which is kind of funny to hear now).

Have you found value in the messages on Twitter or Stocktwits, even after factoring in the claims that a large percentage of tweets are just "pointless babble"?