StockTwits TV – Price and Volume – Interview with Dan Mirkin @TradeIdeas

Posted by Howard
on February 16th, 2010

We like Trade-Ideas over at Stocktwits. We are also friends with the team. Trade-Ideas platform does exactly what it’s name suggests. Our goal together is to integrate them with the community and add context.

I believe that the ‘Tape’ tells all. It is the heartbeat of the markets. The tape has gotten more difficult to raed as dark pools have formed moving voulme off the tape for periods of time. It is putting the power too easily in the hands of a few. I think it’s unhealthy. We could argue all day about is it fair that a hedge fund can pay $250,000 to get closer to the feed in a technological way. I think it’s another unhealthy step. I call Stocktwits the ‘Human Ticker’ ‘human ticker’ because it provides a derivative of the ticker data. Today, Dan gets into a bunch of questions, but mainly why retail and consumers can use price and volume to give themselves a legitimate edge in buying and selling stocks. Dan also pounds the fact that this edge not come from a magical ‘GREEN and RED button scenario.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.