iBankCoin
Joined Jul 30, 2008
2,107 Blog Posts

Stock Tools Review: A First Look at the New STOCKTWITS DESKTOP!

Tweet tweet tweet! Tweeeeeeeeeeeeeet! Let’s go ahead and replace the first letter “t” with “s” on this one…

As a “Recommended” tweeter on StockTwits I was given early access to StockTwitsDesktop, the latest project of social networking giant, Howard Lindzon, in his quest to achieve total financial twitter domination.

As a first look I must say I’m quite impressed. There’s a lot of tools that can be used to consolidate all your social networking into using this application alone. I mean, sometimes we tweet random stuff that maybe other traders don’t want to hear (for example, do we really need to know about your trips to the urinal Mr. Lindzon?) and I know I’m quite guilty of that (sometimes when I’m bored, I tweet whatever I read on the bathroom stalls).

Anyway here’s what I like so far about StockTwits Desktop:

  • Uses TweetDeck GUI– the graphical user interface of StockTwits Desktop is very similar to TweetDeck. So users of the popular tweeting tool will have a very quick transition to using StockTwitsDesktop.
  • Groups– the “groups” feature is great for filtering the kinds of traders you want to interact with. You can join “Swing Traders” group, which I did, and I must say has a nice group of great traders. I also created an “iBankCoin test group” for any iBC members that trade the stocks that we highlight. In the future, I hope to create a powerful synergism between The PPT‘s stock picking machine with the human touch offered on StockTwits Desktop.
  • StockTwits TV– The TV is embedded into StockTwits Desktop so now you can watch and tweet simultaneously.
  • Embedded Browser– Now you don’t have to switch from IExplorer, Chrome, Opera or Firefox- you can use the embedded browser. One of my favorite tools on the embedded browser is the “share” button. For anyone who lives on the internet, the word “share” is synonymous to “social networking.” So this feature is great for people who watch people trade or have an opinion to share. Here’s how it works… you use the browser to find a webpage, then you click the “share” button which creates a TinyURL for you to tweet. Remember though, you don’t have to tweet to all your followers, you can select “tweet to Swing Traders” group which will then send the URL of the page you are viewing to all people in that group. … a very useful filtering service.
  • Desktop updates: what made Twitter fanatics fall in love with TweetDeck was the fast updates and alerts it sent to you whenever someone tweeted a response to you. This is probably on of the biggest thing that on-the-demand traders appreciate the most. For example, we want to have the latest news on a stock or company brought to our attention as soon as possible. StockTwits Desktop allows for quick updates to either the StockTwits universe column, or to the Group Column. (yes, columns make visualizing tweets so much easier).
  • Filtered Streams– if you prefer to follow just one person or a few persons, StockTwits lets you to pick specific people. It gets better! You can also do a filtered stream of specific stocks. For example, if you are heavily invested in AAPL, you can select a stream for “AAPL” so whenever anyone tweets about it, it will show up on your Stream Column for AAPL. (SorenMacBeth FTW!) For those of you who subscribe to our PPT, you know how valuable this can be. One of the best features of The PPT is “The Wall” which is quite similar to streaming thoughts of an entire community of a certain stock (Jeremy FTW!)
  • Tabs– something simple as Tabs will make navigating all your stock trading web tools so much easier.  There’s tabs for StockTwits stream, browser, and for every time you click on someone’s profile.

Anyway, that is my first impressions of StockTwits Desktop. It’s looking to be great tool for social traders, twitter addicts, and anyone who wants to “bank coin”. I still am playing around with some other features such as chart-sharing, so I’ll let you know how it goes on a Part 2 or something. As I use the product more I’ll also see if I can come up with some constructive criticism or a wish-list for Lindzon and company. For now, enjoy the network of traders! I think StockTwitsDesktop will be released tonight. Don’t forget, if you do install the product, make sure you join the “iBankCoin test group”!

-Gio-
iBC Posse

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10 comments

  1. Gio

    An example of a good way to organize your StockTwits DESKTOP: http://blog.stocktwits.com/2009/09/how-i-set-up-my-stocktwits-desktop/

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  2. zenprofit

    Even Howard looks better on the StockTwits Desktop.

    I didn’t know what the Share button did. Thanks.

    Where’s The Fly?

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    • Gio

      haha. yeah he does. Knocks off about 5 years.

      The “share” button is great! plus it gives it an auto-tiny-url. Did you try filtering for stock quotes? that’s pretty cool too.

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  3. popethevatican

    Looks cool, I want it! 😉

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  4. MorningBreath

    This is Almost better Than Cheese Cake!!

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  5. Gio

    I’m trying to figure out if Phil has a New York accent

    http://www.thesecretsofdaytrading.com/phil-pearlman-exclusive.php

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  6. CounterShift

    Is NFLX gonna go Bounce?

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    • Gio

      What’s your bias? if you’re looking to sell longs don’t wait for a bounce. i mean, don’t take your sweet time exiting this one.

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  7. DPeezy

    Only got to play ~15min with this thing so far, but color me impressed.

    Definite shades of TweetDeck, but much more powerful and customized. And while I’d prefer an OS-native app, the Adobe Air platform is excellent for cross-platform distribution.

    I don’t think it’ll replace Tweetie as my ‘everyday’ twitter app, but I have a feeling it’ll become indispensable to the stock trading side of my life…

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    • Gio

      glad u got to try it. it actually acts more like a subset of Twitter, so its meant to be used for trader/stocks/investing related stuff only. I’m waiting for the community to use Group filtering a little better. I think it will get better. I still tweet stuff in the supermarket using TwitterBerry.

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