3 Steps To Use Twitter To Generate Profitable Investment Ideas and Save Time.

Twitter can be a great source of investment ideas, but also a great way to waste time. Let's go over a few ways to help you generate excellent investment ideas on Twitter, without wasting time.

If you're interested in investing, you need to generate profitable ideas. Twitter is a great place to do this because there are a number of great minds on here doing a lot of the initial hard work for you:

• Find specific information

• Spark further investigation

• Network

If you use Twitter you can add other knowledgable people to your network if you need to find answers to questions. This can be integral in helping you fully understand a company. Minimizing gaps in your knowledge is a must for success.

Unfortunately a lot of Twitter users are here looking for confirmation bias on the latest meme stock. If that's your thing, you can stop reading now as you won't get anything from this. But if you want to build a useable framework for improving understanding, read on.

Here is how many people on FinTwit waste time on their timelines:

• Reading though people discussing the macro environment

• Sifting through 1000 posts about a stock everyone talks about

• Filtering whether someone understands their stock well

• Looking at charts

If you spend time interacting people, you'll be able to understand whether they are someone who actually knows they are talking about or not.

Here's how, step by step:

Step 1: Know what you are looking for.

You must understand what you are looking for.

If you are a micro cap investor, why are you wasting time learning about mega caps? If you are a value investor, why are you looking at stocks trading at 100x Revenue multiples? Figure out what your investing style is, then find people who are talking about the things that are aligned with your views.

Step 2: Build a list of trustworthy investors who have similar investment styles to you.

Many investors will claim to be "quality investors" and then spend hours per day researching meme stocks.

Don't do this.

You should know yourself, so make lists of your investing interests and add accounts to those lists. Using these lists will ensure you get the information you want, when you want it, without having to sift through irrelevant information.

Step 3: Cull your lists to make them as high quality as possible.

Once you're here, most of the tough work is done.

First you figured out what you were looking for, then you began making lists of people discussing exactly those things. Now you just need to make sure you are consuming as much pin point information as possible.

The easiest way to this is to just remove accounts that are talking about irrelevant topics. If you love investing in high quality companies with no leverage and then find someone on your list discussing how they just went bankrupt using 100x leverage shorting Gamestop, then you can remove them from your list (or put them in different one)