Apr 28, 2009 at 11:00 AM ET
With all the talk about social networks, it’s not surprising that traders want to interact and learn from each other. Proprietary trading firm T3 Capital launched an online trading community that reaches out to active traders and shares its positions with subscribers.
The site T3 Live.com is a virtual online community that offers news clips, live broadcasts of professional traders giving stock tips and interactive trading courses. Yesterday, the hot topic in the morning was the spread of the swine flu and what impact that would have on biotech stocks, but soon that was overshadowed by the latest bankruptcy/bailout plan from General Motors.
“It’s a grass roots subscriber base,” says Scott Redler, partner and trader at T3 Capital in New York, whose main trading floor is at 120 Williams Street. When Redler is not appearing on CNBC, Fox News or Bloomberg, he is teaching technical analysis via the online educational platform. “We put it together for anyone who wants to trade and feel like they’re in an office with other traders. They can use our resources, whether they’re at home in our firm, or in another country,” says Redler, who runs the site and the proprietary trading firm with five partners.... Read More
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