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Monday, January 08, 2007

Networking Sites For Investors

From The Wall Street Journal:
"A new generation of Web sites has cropped up in recent months designed to help investors share ideas online with others who have similar investment styles, such as which Asian stocks or technology issues offer the best value. Unlike the Internet chat rooms that were popular in the late 1990s, which allowed any anonymous user to post opinions, the latest sites seek to maintain their credibility by rating participants. Users are assigned a score based largely on the performance of their stock picks and the accuracy of their forecasts..."

I'm not recommending you use or avoid such networking sites for investors. Just introducing interesting stuff that I come across. As with any disclaimer, trading is risky and you should not rely on others' ideas or tips to pull a trigger on a trade. Same goes for my blog. You can get ideas from like-minded traders, but ALWAYS do your own due diligence and be responsible for your own trade. Remember: It's your OWN trading account and money, not others!



Blogger Phileo said...

Hi SimplyOptions,

Interesting list of sites.
Do you follow any of them?

2:43 AM  
Blogger Simply Options Trader said...

I have not yet ventured into these sites. I read it from WSJ, thought it was interesting and posted it right away for my readers.

But I've seen OX Trading patterns before. Basically say you are watching AAPL and you key in this ticker. Trading Patterns returns a list of stocks popular with other investors based on the ticker you enter. Not exactly a networking site per se because there is no interaction with other traders

11:31 AM  

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