A field dorsum I posted my ideas regarding Twitter equally a variety of daytrading analyst: a tool of determination back upwardly for traders. This fits amongst the recent ideas on the weblog regarding social cognition; it is also virtually singlehandedly responsible for the recent increment inwards traffic on the blog, equally I've linked intraday marketplace position tweets to real-time charts in addition to posts concerning marketplace position action.
A bulk of the intraday tweets in addition to posts are written field I am working amongst prop traders, thus that I am able to portion many perspectives from this existent fourth dimension experience. (The multitasking tin ship away survive challenging at times!). The tweets in addition to posts synthesize what I am seeing on the screen, what I'm observing amid the traders, in addition to what I'm hearing from colleagues who beak amongst me through the day.
Let's create got an representative from Friday's trade. We started the 24-hour interval trading higher, in addition to the marketplace position looked strong, amongst over 1700 to a greater extent than advancing issues than decliners. Take a await at my tweets offset but minutes later the open:
8:40 AM CT - Mixed sector functioning thus far; hit merchandise from open; XLY, NQ strong; financials weak. Bk l8r
8:47 AM CT - 23 stks up, 17 dn from open; my handbasket to a greater extent than mixed than i would think; NQ rel strong. VWAP nigh 920
8:49 AM CT - TICK quite rigid thus far this AM; but book at offering in addition to bid pretty fifty-fifty thus far inwards ES; wide mkt stronger than big caps
9:16 AM CT - That disparity betwixt ES in addition to minor caps & betwixt TICK in addition to Delta has been informative; selling has entered mkt, directly belo vwap
You tin ship away encounter that equally the initiative of all sixty minutes of trading unfolded, it became clear that this was non a trending market: all sectors were non moving inwards unison. Traders who recognized this dynamic were non fooled past times the market's subsequent retracement of draw inwards the afternoon.
One trader set it this means to me: He is looking for facts, non opinions. The telephone commutation to the Twitter postings is providing timely, relevant facts that powerfulness otherwise escape the attending of the trader. The trader tin ship away in addition to thus role his/her sense to contain or discount those facts, depending upon circumstances.
Over 5000 traders directly subscribe to the "Twitter Trader" posts. During the past times calendar month or so, it has kicking the bucket what is in all probability the solely free, real-time posting of trading-relevant data that reflects the thinking--and observations--at professional person trading firms. You tin ship away subscribe to the tweets via RSS or follow on my Twitter page; alternatively, you lot tin ship away cheque out the latest 5 tweets on the weblog page nether "Twitter Trader". Either way, you'll honor links to trading-relevant weblog posts in addition to articles from the mainstream media; indicator updates in addition to turn a profit targets prior to the marketplace position open; heads upwardly notices on pending economical releases-- equally good equally those intraday analyses.
And I promise to survive pushing the envelope nonetheless farther inwards the months to come. Thanks for the involvement in addition to support; I create goodness from your feedback (and from links to interesting posts in addition to articles that you lot e-mail me!) in addition to appreciate the communication.
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