The range of results in these three studies exemplify the challenge of determining a definitive success rate for day traders. At a minimum, these studies indicate at least 50% of aspiring day traders will not be profitable. Day Trading is a high risk activity and can result in the loss of your entire investment. Bets against the pair have been gaining traction lately, with 60% of Support.com shares available for trading sold short, data compiled by S3 Partners show. One-fifth of Vinco Ventures stock is currently sold short, with the total short positions for the two stocks at roughly $216 million, the data show.
The companies are becoming the latest meme plays as retail investors take note of the high-short interest on both of the stocks. 60% of Support.com shares available for trading are sold short, and 20% of Vinco Ventures stock is currently sold short, according to Bloomberg, which cited data compiled by S3 Partners. Growing evidence is suggesting that postings on online stock forums affect stock prices, and alter investment decisions in capital markets, either because the postings contain new information or they might have predictive power to manipulate stock prices. An attempt has been made to investigate whether the power of the collective sentiments of StockTwits might be predicted and how the changes in these predicted sentiments inform decisions on whether to sell, buy or hold the Dow Jones Industrial Average Index. In this paper, a filter approach of feature selection is first employed to identify the most relevant terms in tweet postings. The decision tree model is then built to determine the trading decisions of those terms or, more importantly, combinations of terms based on how they interact.
Then a trading strategy based on a predetermined investment hypothesis is constructed to evaluate the profitability of the term trading decisions extracted from the DT model. The experiment results based on 122-tweet term trading strategies achieve a promising performance and the strategies dramatically outperform random investment strategies. Our findings also confirm that StockTwits postings contain valuable information and lead trading activities in capital markets. Today, more than 400,000 investors, market professionals and public companies share information and ideas about the market and individual stocks usingStockTwits, producing streams that are viewed by an audience of over 40 million across the financial web and social media. They also hope that their platform, which provides real-time sentiment of the stock market, can continue to provide value to hedge funds and other investment firms which pay to leverage StockTwits' API. StockTwits is a messaging platform designed for traders to share tips and ideas on specific securities or general stock market news.
The idea for the company came from a 2008 blog post where Lindzon suggested that Twitter would be great for stocks and markets even though he once passed on the opportunity to invest in the company. Get Started Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. Free Trading Webinar Sign up for IBD's free webinar and learn how to pick stocks and time your trading in 3 steps.Labor Day $1 Deal This Labor Day, get 1 month of IBD Digital for only $1 and make your money work for you! Veeva shares have a strong Composite Rating of 93 out of a best-possible 99, according to IBD Digital. This puts VEEV stock in the leading 7% of all stocks in terms of fundamental and technical growth measures.
Conduct comprehensive stock research, find new investment ideas, analyze your portfolio, and follow the best-performing Wall Street experts, with ease. The ace stock picker believes these stocks still have a significant amount of upside. One user on Stocktwits compared the stock's squeeze to GameStop and urged fellow investors to hold the stock, even as it was trading at $49.80, a roughly 152% jump from the Thursday close. The stock was the top trending ticker on Stocktwits and Yahoo Finance Friday morning.
Over 100 million shares changed hands Friday, compared to average trading volume of about 8.9 million. Earlier this year, theater-chain AMC Entertainment Holdings Inc. and GameStop Corp. rode the so-called "meme" stock wave as small investors talked the companies up on the Internet, seeking to make money and attack Wall Street short sellers, who bet on stocks to fall. Earlier this year, theater-chain AMC Entertainment Holdings Inc. and GameStop Corp. rode the so-called 'meme' stock wave as small investors talked the companies up on the Internet, seeking to make money and attack Wall Street short sellers, who bet on stocks to fall. The accessibility of this often high-quality video content on the Stocktwits app gives it an added depth that was not readily obvious upon initial review.
Imagine following your favorite trader in an effort to become as good at predicting the market swings as he or she is. Being able to then tap directly into the more lengthy trading lessons this trader is offering exclusively via the Stocktwits app is of immeasurable value. Some Stocktwits reviews complain that the dialog on the platform can become too crowded or censored to be of use. The Stocktwits app utilizes automated algorithms as well as a moderation staff to filter out spamming, trolling, or just plain bad content and to keep the focus of the discussion on stocks, trading, and information sharing. In addition to not charging commissions, Stocktwits will enable users to buy and sell fractions of shares, which allows younger and newer users to invest in popular stocks like Amazon or Google without breaking their wallets, or forcing them to trade only less expensive stocks. Come rain or shine, the Stocktwits community shares over 200,000 messages per day.
With that many messages, it can be hard to look back in time to see your best posts about your favorite stocks from months or even years ago. "It would be unwise to discount the power of the collective retail trade and this is an example of the resurgence of energy either on GME again or through another stock," said Amy Kong, chief investment officer of Barrett Asset Management, to Bloomberg News. Instead, BullishBeauty was tutored through a new microblogging tool called StockTwits, which lets users exchange trading advice in brief bursts, in real time. "There are plenty of pros there, folks with more money than I will probably ever see in my hands," BullishBeauty says, rattling off a litany of StockTwits users with such names as TraderAlamo, UpsideTrader, and Jsfalvo, whom she says have given her an inside edge. "All have answered every question I have asked. The willingness to help an inexperienced trader like myself is what StockTwits is all about."
So when neophyte Carolyn Ferguson got started, she sought all the advice she could get. Known by her online handle, BullishBeauty, Ferguson found input aplenty, but not through what many traders would consider conventional channels, such as brokers, the Bloomberg terminal, or trading chat rooms. On the other hand, traders who like to build their trading strategies more slowly based on reliable information and opinions will find that the signal to noise ratio on Stocktwits is just too low to be worth their time. Members share short information posts relevant to specific stocks, and then use 'cashtags' to link their posts to these securities.
Other members can then use a variety of tools to navigate these messages to find information that is important to them. Download the Stocktwits App and tap into the heart of the markets with millions of other investors and traders. Get instant access to professional analysis, market sentiment, trending stocks, trading ideas, new market trends and more. See what actual investors and traders are saying in real time about the stocks, crypto, futures, and forex you care about for free.
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