For day traders, or those wanting to monitor their positions through the day, Twitter is a useful tool on two dimensions. As a way to participate in the thinking and conversation of other traders and market observers. Reading what others are posting about the stocks you are following or following people whose observations you find interesting.
The other way to use Twitter is as an up-to-the-minute sentiment gauge on whatever stock, index, or ETF you are following. You have a ready made sample of market opinion right there to listen to.
One way to do that is to join StockTwits and enter the tickers for the stocks that you want to follow, or the other twitterers that you want to follow.
Tweetdeck lets you organize the tweets coming into different batches so that you can separate your trading tweets from personal ones from sports tweets, for example.
For example, Bill Luby of VIXandMore, writes that he uses twitter to retweet interesting items that he has come across, announce new posts on his blog, and comment on the market in real time.
Dr. Brett Steenbarger, TwiiterTrader, gives market commentary as it is happening, watching different sectors of the market to gauge overall strength.
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