If you’re looking for more information to help you make stock trades, StockTwits may be the solution for you.
StockTwits is a free social media app for stock traders. The platform is easy to use and offers great conversation when you’re in the mood to talk about investing.
But should it be the only site you use for research, and should you utilize the information it provides? This StockTwits review will help you decide if the platform is right for you.
StockTwits is a free social media platform for investors. It’s a great way to get more information to make trading decisions or fuel your interest in other stocks you may not have known about before.
- Chat with other investors
- Free ideas and info
- Easy to use
- Not regulated
- Ads on free version
- Open to info errors
In This Article
What is StockTwits?
StockTwits is like Twitter, but for investors. It’s a social media platform for traders.
The idea behind StockTwits is to bring together like-minded investors to swap ideas and information about trades in real-time.
You won’t find full-blown articles or long-form tips on the platform. Instead, it focuses on short blurbs of information to help investors talk, make decisions and collaborate.
The posts can include links to charts and articles by professionals, but you’ll see the blurb by the poster.
StockTwits users tag their posts with $Cashtags. These are tags for each stock, much like the other social media platforms you’re likely used to using.
Today, the platform has over 5 million members and over 200,000 conversations daily. It is a great way to find out what’s going on in the market and what others are talking about before buying stocks online.
How the StockTwits Platform Works
If you’ve used Twitter, you’re familiar with how StockTwits works. You share short tweets or half-sentences about a stock using the $Cashtag to link the stock to your statement.
Your conversation gets listed with other conversations. Then, members can search your statements using various tools to locate conversations they want to read.
The content you post should be direct, concise and provide members with actionable steps if they feel drawn to what you’ve shared.
Of course, not every user follows these rules. The platform is not regulated, so you’ll likely come across some useless information.
If you’re a serious investor looking for accurate advice, you may have to sift through some junk.
StockTwits offers many tools to help investors see the latest conversations on the hottest stocks.
If you want to know the most popular conversations on StockTwits without sorting through 200,000+ conversations, you can check out the Rankings page.
The Rankings page will show:
- Trending tickers (Trending)
- Most active tickers (Most Active)
- Most watch tickers (Watchers)
Rankings are updated every five minutes. Make sure to refresh your browser every time you come back to see what’s new.
These rankings are helpful if you’re just starting out or simply want ideas of which stocks are a hot topic right now. They can get your search started and help you find your way.
Get the latest information on a company’s earnings with the StockTwits earnings calendar. See when companies will report their quarterly or annual earnings to help make your stock trading decisions.
Knowing the dates when companies will release their earnings can help with your investing strategy.
The Heat Map tool is a fan favorite. It shows which industries have the most activity or interest. In turn, this may help you decide where to focus your attention, whether you like to follow the masses or blaze your own path.
Do you have a specific stock, industry or topic you want to discuss or read about? Check out the StockTwits Rooms and see if there’s a room already created. If not, create your own room.
You can sort through the rooms by Featured Rooms, Popular Rooms or Premium Rooms. Featured and Popular Rooms are the rooms StockTwits wants to promote or that investors are giving the most attention to at the time.
Keep in mind that only credible investors (who StockTwits verifies) can use the Premium Rooms.
Would you rather hear what StockTwits professionals have to say rather than reading short blurbs of content or searching? This is where StockTwits shows come in.
These shows are essentially podcasts. Check out the various shows the platform offers, including After Hours, Girls Just Wanna Have Funds and Panic with Friends.
Positives and Negatives
As with any stock trading platform, it’s important to know the pros and cons so you can make your own decision on whether or not to use the site for research.
- Trade-focused conversations with enthusiastic investors
- Helpful features that help you grow as an investor
- Organized and sortable information
- Free to use
- No regulation, so information may be biased
- Difficult to identify credible information
- Conflicting information
Who Should Use StockTwits?
StockTwits has a ‘Twitter’ feel to it. While Twitter is mainly for younger generations, that doesn’t mean older investors can’t use the platform.
If you enjoy collaborating with other investors and want information in real-time or want advice quickly, StockTwits can be useful. But who specifically should use StockTwits?
The following people could benefit from the platform:
- Investors who love to research before they invest
- People who love to talk about investing
- Investors who use Robinhood
You probably have some questions about StockTwits before you jump into using the platform. Here are some frequently asked questions that can help.
Yes, Robinhood and StockTwits integrated a few years ago.
The collaboration allows users to share their Robinhood trades on StockTwits. Users can also make trades right from StockTwits by swiping right to go into their Robinhood account, or they can watch the stocks they own in Robinhood on StockTwits.
Yes, but only if you can weed through the noise and decipher factual information from trolls. We wouldn’t use it as the end-all, be-all for your investing decisions, but it’s a great way to get more information on your trades.
Ultimately, you can never have too much information.
StockTwits Plus is a membership-based program, giving you more features than the free version. It costs $7.99/month or $84.99/year.
As a Plus member, you get ad-free content, the ability to see stocks in dark and market mode (dark is when the market is closed) and have a Plus status in your messages.
Having the Plus membership is a great way to tell the trolls from the real investors who share valuable information.
StockTwits has over 5 million members, both free and Plus members. On any given day, 200,000 plus conversations take place on the platform.
Yes, StockTwits is a free app available on both iOS and the Google Play Store. The Plus membership is optional, but downloading the app and using the platform is free.
Yes, all information shared on StockTwits is in real-time. The rankings list updates every five minutes, but all information shared is posted immediately.
While you can’t trade on StockTwits directly, it does integrate with Robinhood.
If you have a Robinhood account, you can link the two and immediately place a trade after seeing information on StockTwits. Just swipe right and log into your Robinhood account.
StockTwits can be an excellent addition to your current investment research tools. If you love social media, you may like conversing about investments. You may even learn a thing or two.
Just remember that the information provided isn’t from professionals. You should do your own research to make solid investment decisions.