The Rise of the Market Participant Editor in Finance Media
- Posted by ppearlman
- on May 9th, 2011
There’s a big difference between reporting the news and making money.
Traditionally, financial news journalists have focused on reporting the history and facts and putting new developments into context. This is where they excel and it is a critical function. But they are less proficient in analyzing the effects new information has on price.
There’s a new breed of editors, though, who are taking advantage of more efficient publishing technologies such as StockTwits and WordPress in order to communicate actionable information directly to those who are also invested.
These guys are experienced market participants who focus squarely on making money. They hunt and have been hunted. They have tasted their own blood on their lips and they eat what they kill.
The market participant editor puts his/her market opinions out there in real time for educational purposes but also to the scrutiny of readers many of which are also pros. They are perpetually being vetted and there is no net.
This is a beautiful thing because the best will gain an audience and gain the respect of their fellow investors and traders over time. Its also a huge win for readers because they now have access to more high quality actionable information
We have set out building platforms to facilitate the expression of these ideas in real time.
The collection of talent on our StockTwits Streams and those who we are collaborating with on the StockTwits Blog Network is already astounding and it is growing fast.
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.
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Phil is the executive editor of StockTwits and an investor in the company. He is a partner at Social Leverage, LLC and makes early stage investments in web based companies. (More)
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