If you are an active trader who is interested in learning how to trade stocks recommended by top analysts, insiders, bloggers, and hedge fund managers, this is the trading webinar to watch.
During a webinar this year, Steve Reitmeister, Editor-in-Chief and Chief Product Officer of TipRanks provided webinar attendees with an overview of the types of data offered by TipRanks and how it can be accessed with Lightspeed.
Here is a recap of the main points from the trading webinar:
The Real Smart Money Players
Through TipRanks, active traders have access to powerful datasets that serve the biggest financial institutions. This information is used by banks, online brokers, and hedge funds. The analyst recommendations are based upon actual stock picking performance along with detailed stats such as rank out of all analysts, success rate, and average return. Analyst’s current recommendations are also provided through the TipRanks tool. Active traders have the ability to see an analyst’s buy, sell, and hold ratings as well as what they believe the stock should be valued at. Links are available to see an analyst’s comments on a specific stock and why they believe it should be a specific position.
The Experts on Lightspeed.com Through TipRanks
Traders have the ability to view this information provided by TipRanks on the Lightspeed website as well as through the Lightspeed Trader platform. To access the information on the website, active traders should log into their account and click “Research” in the top navigation and “Rating Scans”.
Active traders with Lightspeed have the ability to narrow down and filter the type of recommendations that they would like to view based on their preferences. Recommendations can also be filtered based upon if it is a buy, hold or sell based on a position. TipRanks believes one of the best signals within the tool of recommendations is an initiated action due to new coverage. When a trader expands upon an analyst’s profile, current recommendations are listed in detail with the most up to date information.
TipRanks on Lightspeed Trader Platform
The Lightspeed Trader platform also offers details around what experts are saying by ticker symbol. Active traders are provided with details from analysts, corporate insiders, hedge funds, and social activity. These details can be obtained by going to “New” and then “TipRanks Analysts Ratings” on the platform. Any stock can be added based upon the traders preferences. While analyst rankings are important, insider activity on another tap will break down the number of transactions and the type of sentiment based upon buying activity. The hedge fund activity tab also breaks down the confidence signal and the actions that hedge funds are taking on a specific stock. Finally, social activity is also provided but they believe this will not be as obvious to active traders as the other categories. This information is gathered from financial bloggers and the sites that they are blogging from. These individuals are writers for the public domain, but it is important to note that these bloggers may have more negative things than a typical insider’s viewpoint.
You can view the entire webinar below:
Active Trading with Lightspeed
Lightspeed provides active traders with all the tools required to help them find success in stock trading, and we have been developing and honing our active trader platform to offer the best possible user experience in the marketplace. With the intuitive interface layouts and institutional quality stock and option scanners, we aim to help traders reach their goals, no matter what their strategy is.