Day traders buy and sell stock fast, so accessing market news quickly is vital to any good day trader success.
Even if each day trader has his own preferences on how to retrieve the freshest market news, a growing number of traders is taking advantage of Twitter's fast and reliable feeds.
Of course, it is impossible to draw up an objective list of the best day traders in the world, because everyone has their own skills and performs better in a certain asset. There are traders interested only in stocks, and therefore would like to build a feed with the best stock traders to follow, but even in this case the possibilities are endless!
But first of all let's clarify a fundamental concept.
Why you should use Twitter to follow a trader?
Twitter is one of the most interesting resources for investors and day traders today. Economists are studying the relationship between tweets and changes in global markets (this tool is also widely used by various institutions and by the U.S. presidents too).
Hedge funds are using this information to make smarter decisions, while day traders - as mentioned - appreciate it for the immediacy with which information can be found.
This need to always get fresh and updated news, fundamental to identify the stocks of the day, led us to create the 'Stock Trading Watchlist': updates sent twice a day divided into Morning Movers and Brendan's Movers & Shakers.
And - of course a selection of market players that may be worth following on twitter. But first, one last thing.
How can i make the right choice?
We have decided to create two separate lists, one for the best day traders and one for the best trading accounts (companies or agencies) that you can include in your twitter feed.
Choose which account to follow according to your trading style and preferences (stocks, forex, options and more). In fact, following everyone's advice would only be harmful.
The 9 Best Day Traders to Follow on Twitter:
- Peter David Schiff (@PeterSchiff) is - among other things - an American stock broker, author and financial commentator (he also has his own podcast, the Peter Schiff show) very well known and active on the social network. His account currently has over 300k followers (and more than 16K tweets).
- South African-born Craig Heath trades in momentum. His tweets used to have lots of practical tips on his stock preferences. Now with 'The Street Mentor', he has converted to a coach and trading mentor with educational purposes only.
- Nathan Michaud. Nathan has already posted $10,000 a day in profits. He is the quintessential day trader. Notice his thousands of followers (more than 100,000) and over 50,000 tweets, including very recent tweets. A very active trader and fun to watch.
- Mark Lehman has more than 23 years of experience in the market, and already has been known to release news about stocks before the media. He has a remarkable knack of predicting events for companies before they happen. Often the advice is provided in small pills of few but effective words. A must-follow!
- Joe Kunkle is an options expert. He is constantly scanning and trading stocks, figuring out which prices will move by tracking increases in the options traded for the underlying equities. A must-follow for his directional trading ability that allows him to nail many of the moves that produce profits.
- Scott Redler is a technical analyst. The more you watch him, the better you learn to chart stocks. With over 20,000 tweets and regular updates, he provides stock-charting experience and learning resources that are second to none.
- Neal Roberts is a Trader and host of @traderTVLIVE. He love to post trading ideas and charts with his technical analysis. If you need some good advice on real time stock trading, this is the one you are looking for.
- Shawn Catena is a Trader and host of @traderTVLIVE. Like his colleague Neal, he mainly focuses on tweeting good opportunities in the stock market with the help of charts. The tone of voice is a little more fun but equally effective!
- Brendan Wickens is another Trader and host of @traderTVLIVE. He prefers to post more analytical tweets, as can be easily guessed from the amount of numerical information provided on the various stocks.
If you are looking for premarket analysis or daily recap, you should definitely follow Brendan.
Many active traders online tweet about what they are buying and selling, as well as their opinions about stocks. Following the right traders shortens the learning curve for trading stocks. It can also maximize results.
› The Best News Sources for your Trading
15 Best Trading Accounts to Follow on Twitter:
- TradetTv.Live: Our partners have carved out an important space in a short time thanks to their live show on youtube. On their Twitter profile, in addition to some video pills, you can find advice on the premarket and on the stocks to keep an eye on.
- CNBC: CNBC is a great starting point if you're just getting into following stocks on Twitter. This major news network posts all kinds of news-related stories focusing on financial markets. Tweets include company profiles, major economic trends, mergers and breaking news. When a company is mentioned by CNBC, it moves, so this is a great place to look for small companies that are about to go big.
- RANsquawk: RANsquawk provides real-time alerts and news through a premium service. Follow @RANsquawk to access the most important financial news, stocks and global economic features. News that breaks on RANsquawk drives the world financial index and shift markets in the United States and internationally, so it's a good feed to read.
- The_real_fly:This is one of the most followed feeds on the interactive community StockTwits, which collects financial information from Twitter and social media sites. Follow @the_real_fly to stay current on market trends, trading ideas and articles that provide further insight on important financial issues.
- Wsjmarkets: You probably subscribe to The Wall Street Journal, but you can get even more global financial news by following @wsjmarkets on Twitter. The WSJ offers analyses, news, company profiles and in-depth economic assessments of world markets.
- Harmongreg: With 50,000 followers, Greg Harmon is one of the most popular traders on Twitter and StockTwits. He's a professional trader for Presidium Capital and offers a variety of trading advice on Twitter and in group discussions on StockTwits. His feed includes real-time trade ideas and observations on the world financial index and changes in individual markets.
- TraderStewie: Trader Stewie is operated by ArtOfTrading.net, an organization with 15 years of experience. This feed includes information on trending stock prices, volume and trading movement. Use these observations to generate company lists that can be researched on your own time.
- Danzanger: Learn more about chart analysis, and pick up smart trading ideas by following @danzanger. Zanger is a famous swing trader who turned a five-figure investment into $40 million in profit. On Twitter, he provides trading tips, news and educational information. Since all Twitter stock market information can't be explained in 140 characters, some tweets link back to ChartPattern.com where you'll find additional resources.
- Stt2318: If you start your day by visiting YourDailyWatchlist.com or RealTimeChartAlerts.com, add the related @stt2318 Twitter account to your following list. This is the feed to watch for charts, trading alerts, stock lists and recommendations. Some content relates to current articles and newsletters that are available to premium subscribers.
- Fousalerts: If you focus on micro-cap stocks, penny stocks and small investments, you'll be interested in following Cameron Fous. His feed is filled with real-time alerts and trading info. Followers can access additional resources through his premium subscription service. Since 2011, Fous made a name by earning over $550,000 trading small-caps stocks all valued under $1 per share. Today, he's sharing his secrets for making money.
- Bloombergnews: Bloomberg is the king of financial new outlets. You can stay up-to-date on global markets, securities and commodities by following @bloombergnews. If you are constantly tuning into the radio or checking the web for market news, you can follow @bloombergnews instead. This twitter account provides real-time coverage on breaking news, market shifts, economic headlines and world events.
- Peterlbrandt: Peter L. Brandt is a familiar name. He's been trading since 1981 using classic chart techniques. He's also the author of "Diary of a Professional Commodity Trader." If you're following @peterlbrandt, you'll find stock tips and insight on large economic changes. Brandt's tweets focus on technical analysis, chart patterns and analytic methods for evaluating companies and markets.
- Alphatrends: Expand your knowledge about current stock values and factors that affect the world market index. Professional trader and finance author Brian Shannon shares fresh information about large trends and big companies. You'll find coverage on large-cap companies, video analyses and short-term trading tips backed by research.
- Maoxian: Based in Beijing, C. Maoxian is an influential trader who shares his stock tips online. If you follow @maoxian, you can track the company featured in his daily trading idea. You can research the company of the day on your own, or you can get Maoxian's complete newsletter by subscribing through www.tinyletter.com/maoxian. As a free subscriber, you can also access past recommendations.
- Zerohedge: Zerohedge is a popular source for Twitter stock market information. It covers global financial markets and has earned a loyal following. Zerohedge tweets breaking news, information on political events and real-time market updates. Follow this account to get a complete look at global markets and the events that drive changes.
If you haven't considered using social media sites to gather stock information and learn more about day trading (or long term investment), these are some excellent starting points.
External Useful Resources
- Twitter, and The Importance of Financial Tweets and News to Investors and Traders - Cityfalcon