People always ask me, “Can I really make money on Twitter?” Usually I answer with a long-winded response about listening first, then starting conversations and so on until I see their eyes gloss over. But when I tell them there are also some very direct ways to start making money—like harvesting free, actionable stock tips from some of today’s most talented traders—their eyes tend to clear up in a hurry.
Twitter is a natural habitat for stock traders. After all, information is the lifeblood of the public markets—the more you know and the sooner you know it the greater your advantage. And if there are two principals that define the essence of Twitter, it’s an overabundance of free information travelling at the speed of real time.
Thousands of traders gravitate towards Twitter-powered services like StockTwits, where you can watch the day’s stock market news unfold in real time according to the thoughts of retail and institutional investors. StockTwits aptly calls this collective stream of free market consciousness, “The Human Ticker.” And while StockTwits and others do a great job filtering out non-investment related information, there’s still the question, “Who should I listen to?”
To make it easier on you, I’ve done some research and created a Twitter list called the “100 Best Damn Stock Traders on Twitter.” The only way to be 100% sure of how solid an investor’s advice really is would be to wade through thousands of tweets to measure how their advice panned out in the market over the trailing 12-24 months. I love to do the leg work for my readers, but not that much. Instead I decided to use metrics driven by the Twitter community itself.
With a few exceptions*, all 100 list members must:
- be on a least 30 Twitter lists. Getting added to Twitter lists by others is among most efficient way to measure the long-term quality of a person’s tweets.
- have more than 1,000 followers. There are many great Twitter users with less followers, but the number of followers usually points to a prolific contributor.
- have more followers than following. Following more people than you follow isn’t necessarily a bad thing, but it’s a red flag for a strategy aimed to pump follower stats, making it easier to have 1000+ followers.
Confession: I actually only found 95 stock traders that fit the bill for this list. That’s why I’m asking you, the reader, to help me finish off the list. If you know of any or come across any stock traders that you think are worth adding to the list (whether they meet the criteria above or not) kindly leave their Twitter handle as a comment on this post.
So without further adieu, I give you: 100 Best Damn Stock Traders on Twitter
*I made a few exceptions based on the relevance of an investor’s tweets when they met two out of three criteria but were on the borderline on the third.