In the past, someone who wanted to get in trading as a newbie might have suffered from an information drought; not being able to find out enough information about stocks, and having to search far and wide to find out the opinions of other everyday traders.
Now, we live in the internet age where information can be gotten at the click of a button. This means that many more everyday people can get into stock trading from the comfort of their homes. One of the downsides to this is that sometimes, there is too much information.
A quick search of stocks to invest in can yield tends of thousands of options and a search for stock-related information on Twitter will show hundreds of thousands of tweets relating to stock trading. Between this massive information dump, the average trader would have to sort through so much content to get the information they need.
Thankfully, new tools are available in the market that works specifically to provide the tools and stocks that are relevant to a trader amidst the sea of information. One of these is StocksToTrade, a trading and learning platform designed by traders for traders.
Filtering the Information
While StocksToTrade has a wealth of features for users to employ, two of its most interesting are the stock screeners and the social media filters. The stock screeners allow users to put filters on the type of stocks they would like to see. When this is applied, the over 19,000 stocks that STT has available will be filtered and the ones that meet these criteria only will be shown.
While the users can create their own screeners from scratch, there are also pre-made screeners from professionals that can be applied. Through these screeners, users can filter by industry, past market movement, and so on. This means no manually searching through long lists of stock not having to view their details one by one.
For a newer trader, hours of research can be condensed into a few minutes tops. The same principle applies to the social media filters. These days, social media is where a lot of conversation takes place about stocks and the capital markets in general.
Because these conversations happen in real-time, anyone logging in after the fact would have to play catchup to understand what is going on. With STT’s social media tracker, Twitter conversations can be analyzed to give the user a clear view of the conversation and what the discourse was about.
This means no scrolling through endless Twitter threads trying to get context but instead, a fast understanding of the situation and what it entails. When it comes to trading stocks, even a few seconds or minutes can make all the difference. Because STT was designed by traders themselves, there is a first-hand understanding of how essential time is, especially for newer traders.
This is in addition to other features such as the ORACLE that shows potential price movements by range as well as offering price alerts.
The Age of Information
As we are in the era of the internet, the information that will be available on stocks is only going to get more expansive and more difficult to navigate without help. The good news is that there is help thanks to platforms like STT.
What the site does goes beyond just letting users filter their stocks with ease but also goes to the social platforms where important information is being disseminated and sorts it in a way that is easy to digest. All these will mean that traders, especially newer ones, can approach the market in a less intimidated and more self-assured way.
