StockTwits Review - Is This Platform Worth the Time? (2022)

StockTwits Review

  • Ease of Use
  • Quality of Information
  • Streams
  • Heat Maps
  • Features

3.8

Summary

StockTwits is a social network designed specifically for traders and investors to share ideas in real-time. The platform adds a nice spin to the old “stock market message boards” model with a more efficient platform and additional features. Read through this review to see if StockTwits is worth your time or if you’re better off avoiding this site.

Review Contents

  • About StockTwits
  • StockTwits Platform
  • Streams
  • Heat Maps
  • The Social Component
  • Is StockTwits Worth the Time?
(Video) StockTwits Review - Stock Tracker App Tutorial

About StockTwits

StockTwits was launched in 2008 by Howard Lindzon as a platform for traders and investors to share ideas. The platform is responsible for popularizing the cashtag (i.e. $AAPL) that we all know and love today. The site is home to over one million members who share trading and investing ideas in real-time.

StockTwits Review - Is This Platform Worth the Time? (1)

StockTwits is completely free to use, but like any investing tool, it still needs to provide valuable information in order to be worth using. A free tool that loses you money is a worse value than a paid tool that makes you money.

So, is StocksTwits worth using? Keep reading our StockTwits review to find out.

StockTwits Platform

The StockTwits platform will feel familiar right away. You can think of this platform as a fusion between stock market message boards and Twitter. Traders can share charts, links, and short messages about different stocks. These ideas are then aggregated into streams for each individual stock.

You can access StockTwits from your computer or you can download the StockTwits app to access the social media platform on your phone. Both the web version and StockTwits app offer similar functionality (just like Twitter).

The most innovative part of the StockTwits platform is the cashtag, allowing users to tag tickers in real-time. Unlike clunky message boards, the system was simple and well-organized. Eventually, Twitter adapted the cashtag in 2012 making it easier for traders to use Twitter to share trading ideas. So, is the StockTwits platform outdated?

Yes and no. While you can use the basic cashtag functionality on Twitter, StockTwits is much more organized and “trader friendly.” It is a trading community that includes active traders, stock market investors, and other market participants.

Let’s dive into some of the features.

Streams

StockTwits provides streams of real-time messages that can be organized by a specific ticker or a general theme. For example, streams can be organized by:

  • Suggested
  • Trending
  • Charts
  • Equities
  • Forex
  • Futures
  • Private Companies

Themed streams (such as trending) can be helpful for idea generation and the streams can be viewed in the browser or popped out as their own windows.

The streams of specific stocks also provide some valuable aggregate data in the sidebar. Traders can track message volume and market sentiment over time.

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(Video) HOW TO USE STOCKTWITS FOR STOCK MARKET NEWS📈

StockTwits Review - Is This Platform Worth the Time? (2)

The stream itself is pretty simple. You can share ideas and sort through messages. This whole section feels a lot like Twitter, where you can sort messages by popularity or recency and isolate media posts. Overall, it’s simple and easy to use

StockTwits Review - Is This Platform Worth the Time? (3)

The quality of the streams comes down to the actual messages posted (which we will get to later).

Heat Maps

StockTwits does a great job of aggregating data and creating visual representations through heat maps.

StockTwits Review - Is This Platform Worth the Time? (4)

The heat maps can be used to gauge the performance of market sectors and find winners and losers within each sector.

StockTwits also has a section for top stocks. This can be considered the “trending” section as it shows stocks with increased (or decreased) levels of social activity.

StockTwits Review - Is This Platform Worth the Time? (5)

You can choose to view trending stocks, most active stocks (based on message volume), and most-watched stocks (based on 24-hour volume of new watchers).

These rankings are actually one of my favorite StockTwits tools. You can use the lists to generate some solid trade ideas. StockTwits acts as a social media scanner of sorts, allowing you to find stocks that are widely discussed. While social media interest alone isn’t a reason to trade a stock, these lists serve as a good starting point for day traders and swing traders who want to discover trending stocks.

Value of Aggregate Social Data

As mentioned above, StockTwits acts like a “social scanner,” helping you find stocks based on social activity. In fact I used to use the “StockTwits Social Media Mentions” filter as one of the hits for my scans in ETRADE Pro (before Etrade remove the scanner from the platform). Seeing all of this social data in one place can help you generate better trade ideas.

(Video) Stocktwits review 2020 platform features plus how to use tutorial for beginners

In this day and age, social media can have a big impact on the stock market. We’ve seen stocks move from social media hype alone. When traders exchange ideas on Twitter, Reddit, and StockTwits, they attract new traders to the stocks they are watching. Interest grows, and volume hits the market. Diligent traders should be paying attention to the source of this volume (i.e. social media).

Now that we’ve discussed some of the core features of the StockTwits app and social media platform, let’s discuss its viability as a trading tool.

At its core, StockTwits is a social network designed specifically for traders. It is an investing community (or trading community, depending on how you use it).

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Traders can follow each other, share/like/repost messages, and more. Unlike Twitter, this community is designed specifically for traders and it shows. Traders can add watch lists, tag their messages as bullish or bearish, and utilize a variety of convenient features.

That said, StockTwits is a free community where traders can post whatever they want (similar to InvestorsHub). For that reason, you run into three main issues:

  1. Self-Promotion
  2. Credibility
  3. Noise

As part of our StockTwits review, we did a deep dive on a lot of the message streams (as this is the main feature of the site). Here’s what we found.

Self Promotion

StockTwits is a large community of traders and investors, making it a goldmine for marketers looking to reach a niche audience. I have absolutely no issue with the in-stream ads; I know StockTwits needs to make money somehow.

That said, there are many news sites and trading services that tag tickers and simply link to their own site in hopes of gaining exposure. This kind of promotion adds very little value and muddies up the streams. Just look at how many posts a single company in the niche has posted since joining in April of 2016:

StockTwits Review - Is This Platform Worth the Time? (6)

While it’s impossible to avoid this issue completely, it would be nice to see StockTwits crack down on it a bit more.

Credibility

The second major issue with StockTwits is the inability to determine the credibility of the users. In the world of finance, credibility is everything. For example, a stock tip from Warren Buffett is far more valuable than a stock tip from the clerk at the gas station. The only way to differentiate between actionable information and noise is to consider the source.

(Video) The TRUTH Behind StockTwits! What Is It?

The only metric that can be used to gauge the credibility of users in StockTwits is the follower count, which is definitely not the strongest indicator. For the most part, assessing credibility on StockTwits is the same as assessing credibility on Twitter. StockTwits does have a list of official accounts, but many of these are brands, and most messages in the ticker streams do not come from these accounts (from my experience).

StockTwits Review - Is This Platform Worth the Time? (7)

It’s difficult to offer a solution to this problem, but I do like how TradingView assigns a reputation score to its users.

StockTwits Review - Is This Platform Worth the Time? (8)

At the end of the day, StockTwits members should remember that social media platforms are not the best places to receive investment advice.

Noise

If you’ve been trading for some time, you’ve probably been on at least one message board. The Yahoo Finance boards were popular back in the day and InvestorsHub remains popular for penny stock traders. The concept of financial message boards sounds great in theory but rarely works in practice. Simply put, there’s very little room for constructive conversations. Instead, these boards are littered with pumpers and bashers.

StockTwits faces the same problem. Messages like the ones below (which are common on most streams) hold little value.

StockTwits Review - Is This Platform Worth the Time? (9)

The streams are far too noisy to be as valuable as they could be for active traders or those looking to do research.

Once again, it is hard to combat this issue on social networks, but the ability to filter messages based on the credibility of a user would be nice.

It should also be noted that StockTwits is home to a broad range of investors and traders. There are long-term investors, experienced traders, amateur traders/investors, and so on. While this diversity can lead to some great conversations, it can also lead to confusion.Timeframe is a consideration for any well-planned trade, and traders and investors have different timeframes. For example, a short-term day trader could be bearish on $AAPL while a long-term investor could be bullish. Both analyses could be right, but the conversation can get confusing when simply scrolling through message streams.

Is StockTwits Worth the Time?

So, what’s the verdict of our StockTwits review?

Overall, StockTwits is still a quality website. The reason for mentioning the critiques is because I think the site could be 10x more valuable with some tweaks. Currently, I would define StockTwits as more of a social network than a trading tool. If you’re looking for actionable trading information without the noise, you should consider joining a trading chat room.

That said, StockTwits delivers a lot of value by aggregating message data into actionable insights. For example, reading 50 bullish ideas on a single ticker doesn’t add much value but knowing that 95% of the messages about that ticker are bullish can be an actionable insight.

Overall, I like StockTwits for two main reasons:

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  1. Idea Generation
  2. Entertainment and Basic Research

As mentioned above, the aggregate data is great for idea generation.

The site can also be used as an entertaining financial social network. It can be interesting to scroll through streams and see the different ideas surrounding a stock. There is also some valuable information embedded in the streams, but there is far too much noise to make this a “go-to” research tool.

Pros

  • Heat maps and aggregate social data are great for idea generation
  • Market Sentiment feature is insightful
  • Platform is well-organized and easy to use

Cons

  • Streams can be noisey
  • There is no credibility metric for users
  • If you already use Twitter for trading, StockTwits won’t deliver too much additional value

FAQs

Is StockTwits trustworthy? ›

It has its pros and cons with the quality of the information provided so it's important to make sure that you do your own due diligence before taking anyone's advice on StockTwits. It does serve as a great place to find real-time news on stocks and anything else going on in the financial world.

What is better than StockTwits? ›

The best alternative is MetaTrader, which is free. Other great apps like StockTwits are Seeking Alpha, Bloomberg, MarketWatch and eToro. StockTwits alternatives are mainly Stock Trading Apps but may also be Business Intelligence Tools or Social Networks.

Is StockTwits real time? ›

Stocktwits - The largest community for investors and traders. See what actual investors and traders are saying in real time about the stocks, crypto, futures, and forex you care about for free.

How much does StockTwits cost? ›

The price of the StockTwits Premium Rooms can vary depending on the particular group you are interested in. You should expect to pay anywhere between $6.95 and $197.00 per month.

Who owns StockTwits? ›

Howard Lindzon is a Canadian Author, financial analyst, technical analyst and super angel investor. Lindzon manages a hedge fund, serves as managing partner of the holding company Social Leverage, limited partner at Knight's Bridge Capital Partners, and is the co-founder of StockTwits.

How many users are on StockTwits? ›

Founded in 2008, Stocktwits has more than 6 million users from around the world, with over 1 million monthly active users. In 2021, Stocktwits witnessed 50% year-on-year growth, it said.

Is there an alternative to StockTwits? ›

StockTwits's top competitors include Public, Commonstock, and Robinhood. Public.com is an investing platform that helps people be better investors. Members can build a portfolio with any fractional asset -- from stocks, ETFs, and crypto to N…

Which social media do investors use? ›

LinkedIn is still the most widely used platform of investors for work-related purposes. More than 50% of study participants said they use LinkedIn for professional or financial purposes.

Which social media platforms do investors use? ›

Financial influencers on “Stock Tok” amass thousands of followers. And in a new survey, 41% of 18-24 year old investors said they turn to social media platforms like Reddit, Instagram and TikTok to learn. “For IR leaders, it is table stakes to have a social media strategy,” Jason tells us.

Can you buy stocks on StockTwits? ›

Stocktwits, a popular investor-focused social-media platform, is allowing users to trade stocks, becoming the latest company looking to tap into the next generation of retail investors.

How do I cancel StockTwits? ›

If you wish to cancel your subscription, you may do so by selecting the cancel option for that Paid Products or Service, if available, within your account dashboard or by contacting us – see help.stocktwits.com for contact information.

How old is StockTwits? ›

By mid-2019, that figure had increased to 2 million, and the company premiered free online trading via an iOS app.
...
StockTwits.
Typewebsite
Industryinternet
Founded2008
FounderHoward Lindzon and Soren Macbeth
HeadquartersNew York , USA
3 more rows

What is StockTwits premium? ›

Premium Rooms on StockTwits gives you unprecedented access to exclusive content, concepts, and analysis from leading minds in business and finance. Howard Lindzon of Social Leverage is one of those leading minds on the Premium Rooms platform.

How do you use StockTwits? ›

To follow a stock (or other asset), search the ticker in the search box at the top of the StockTwits page and then click the big green Follow Button at the top right of that stock's profile page. Then, all messages with that stock's $TICKER will show up in your StockTwits Home Stream.

What is score in StockTwits? ›

It's what dictates which stocks trend on our site. The stocks with the highest scores trend. Score is calculated primarily by looking at the rolling 7 day average of message volume on streams.

How much do StockTwits make? ›

Stocktwits generates $15.5M in revenue.

Where is StockTwits located? ›

Stocktwits is located in New York, New York, United States .

Can you get banned on StockTwits? ›

Violations of these rules will lead to the deletion of offending messages and, where deemed necessary, the permanent suspension of your Stocktwits account and a ban from creating additional accounts.

Can you DM on StockTwits? ›

When engaging in a conversation with others, use “reply” or address your message directly to the intended user via @username or direct message. (do not include a $TICKER — see below in 'activities to avoid')

What is the green symbol on StockTwits? ›

Each account verified by us gets a Verified IR badge and a green IR ribbon on their avatar. With StockTwits IR we give the control of the StockTwits symbol page to the IR professional.

How do you use StockTwits? ›

To follow a stock (or other asset), search the ticker in the search box at the top of the StockTwits page and then click the big green Follow Button at the top right of that stock's profile page. Then, all messages with that stock's $TICKER will show up in your StockTwits Home Stream.

What is score in StockTwits? ›

It's what dictates which stocks trend on our site. The stocks with the highest scores trend. Score is calculated primarily by looking at the rolling 7 day average of message volume on streams.

How do I cancel StockTwits? ›

If you wish to cancel your subscription, you may do so by selecting the cancel option for that Paid Products or Service, if available, within your account dashboard or by contacting us – see help.stocktwits.com for contact information.

Who has the most followers on StockTwits? ›

1.) @ JBoorman : Jon Boorman a disciplined trend follower who cleanly uses moving averages (20, 50, and 200-day). Boorman is a trend follower and holds positions as long as a trend lasts. He now has over 60,000 followers on StockTwits and has quickly become one of the Internet's best.

Can you block someone on StockTwits? ›

But on StockTwits, you can block those who annoy you and it is easy to do. Simply, click the More tab beneath a message by a member whose comments you would like to avoid and then click Block in the drop down.

What happens to my SCR shares? ›

When the deal is completed, theScore stock will be delisted. Shareholders will be given the cash and Penn stock as planned. However, Penn stock has already jumped because of the announcement. It's now trading for US$72, which means 0.2398 is worth roughly CA$21.7 in cash.

Is barstool publicly traded? ›

No, Barstool Sports stock is not publicly traded. However, you can own the company indirectly by buying stock in Penn National Gaming (PENN). Penn declared its intent to exercise its option to buy the entire Barstool Sports in August 2022 and will own 100% when the deal closes in February 2023.

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