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Product Description
Product Description
One of the biggest secrets on Wall Street is that to become consistently profitable, you need to specialize in a distinct setup. That is, you need to know how to read the signals that can help you identify an opportunity to buy or sell. In The StockTwits Edge: 40 Actionable Trade Setups from Real Market Pros, both well–known professional masters of the market and lesser–known individual traders describe their highest probability setups to teach you about an assortment of time frame and asset class–related market methods along the way.
Drawing on the wisdom of some of the top minds at StockTwits, the leading stock market social networking site, this book has something for everyone, giving you exactly what you need to come up with profitable ideas and avoid financial risk, every day.
- Includes key trading insights from the experts at StockTwits
- Explains which factors of a setup are important, and why
While there are many factors involved in successful trading and investing, the ability to identify profitable situations is paramount, and The StockTwits Edge gives you everything you need to achieve that goal.
From the Inside Flap
The Internet as we know it has changed many things for stocks, markets, and finance in general. The "social web" and advances in technology have helped create tools and platforms that are empowering traders and investors, and allowing them to capture consistent profits along the way.
StockTwits® has emerged as the leading stock market social network, providing individuals with a vehicle to exchange ideas and receive real–time market insights. Made up of over 100,000 people from all corners of the world, trading thousands of instruments, StockTwits is all about crowdsourcing the best ideas and talent, and that′s exactly what you′ll find here in this new book.
Created by StockTwits cofounder and CEO Howard Lindzon and his colleagues Philip Pearlman and Ivaylo Ivanhoff, this unique guide is comprised of over forty contributed chapters from both well–known professional traders and individual traders who have attracted a following on StockTwits. While some of the people you′ll meet have been trading for years, others have been in the business for just a short time—but each has an amazing focus and belief that if you can master one thing well in the markets you can succeed.
In The StockTwits Edge, each trader and investor presents his/her favorite setup in detail, highlighting
the underlying psychology and real examples for better understanding of the rationale behind each step, including risk management. You will learn how to use their approach to find new ideas yourself.
Divided into seven comprehensive parts, this reliable resource covers a wide range of topics that can help improve your trading endeavors, such as:
Trend following
Value investing
Day trading
Swing trading
Options trading
Forex trading
The art of trading
Whether you trade every day or every so often, the ideas found here can help you make the most of your time in today′s markets. Armed with each contributor′s favorite setup, you can excel on your own or visit the StockTwits website and gain real–time insights into leveraging the wealth of information contained within these pages.
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Customer Reviews
The book was a very easy read, I think I was finished it in an evening or so. I liked how the book gave a nice back story to each of the traders it showcased. The problem I had was the biography was as long or longer the trade setups. The only real actionable trade setups were from @superbee and @upsidetrader. The rest were less than actionable.
If your looking for a book to help you learn a trading style. DO NOT BUY THIS BOOK. If you looking for something fun to read and want to lean bits and pieces of other trading styles well then buy a used copy.
Being a professional trader for over 10 years, I found every little "Edge" in owning this book.
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