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"?

Nasdaq credit rating junked.

S&P cut Nasdaq's credit rating to junk status citing debt burdens and its questionable strategy to buy a controlling interest in the London Stock Exchange. Financial Times reported that the exchange's counterparty credit & bank loan rating were lowered fromm BBB- (lowest investment grade rating) to BB+. The change will increase Nasdaq's borrowing costs should it wish to pursue aquisition targets. For an earlier look at the exchange consolidation trend that brought about Nasdaq's push for a stake in the LSE, please see "Exchange fever" .

Jesse Livermore: How to Trade in Stocks (1940 Ed. E-book)

If you've been around markets for any length of time, you've probably heard of 20th century supertrader, Jesse Livermore . Today we're highlighting his rare 1940 work, How to Trade in Stocks (ebook, pdf). But first, a brief overview of Livermore's life and trading career (bio from Jesse Livermore's Wikipedia entry). "During his lifetime, Livermore gained and lost several multi-million dollar fortunes. Most notably, he was worth $3 million and $100 million after the 1907 and 1929 market crashes, respectively. He subsequently lost both fortunes. Apart from his success as a securities speculator, Livermore left traders a working philosophy for trading securities that emphasizes increasing the size of one's position as it goes in the right direction and cutting losses quickly. Ironically, Livermore sometimes did not follow his rules strictly. He claimed that lack of adherence to his own rules was the main reason for his losses after making his 1907 and...

Finance Trends 2019 Mid-Year Markets Review

Email subscribers of the Finance Trends Newsletter receive the first look at new articles and market updates, such as the following piece, sent out to our email list on Sunday (6/14). Hello and welcome, everyone! If you received our last email notice over the July 4th holiday, you'll know that this weekend's newsletter will serve as a mid-year market update and a follow-up to issue #29, " How to Reinvest in a Rising Market ". Ladies and gentlemen, without further ado, let's start the show... Finance Trends Newsletter: Our Mid-Year Market Review When we last spoke, back in February, the U.S. stock market was rallying off its December-January lows. As the S&P 500 and Nasdaq reclaimed their 200 day moving averages in February and March, it became increasingly apparent that a lot of retail investors (and perhaps some institutional investors) were left under-invested while watching this recovery move from the sidelines. The U.S. stock ...

Finance Trends Letter

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