Past few weeks I've been trialing Benzinga, TradeTheNews and FlyOnTheWall news services.
My requirements from a news service are very specific (and limited), so this isn't a comprehensive review of these services, rather my judgement on whether it fits the specific criteria I was looking for in a news service.
My requirements - Good coverage of $1-$10 small caps stocks. The ideal is to be first to hear the news, with focus on pre-market news.
These services offer above and beyond this scope naturally.
I was impressed with TradeTheNews in terms of their offering, however it didn't offer the edge I was looking for, and is far too expensive ... so that was the first one I discarded.
FlyOnTheWall is the most affordable, however I found them lacking in terms of their alerts; they were not just alerting later than the two other services, but often times missed an alert altogether.
Benzinga offers the best value for money out of these services. They too offer a very comprehensive service like TradeTheNews (with audio call, daily emails etc) however, overall, I found the best value service is ...
.
.
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Twitter!
By following the likes of @StockNews_ @OpenOutcrier @BlinkX90 @d4ytrad3 @financialjuice @tradehawk I got most of the alerts I was after either at the same time, or before they popped up on any of the news services I was trialing.
Of course it begs the question, which news service are these guys subscribed to ... until I find out I intend to stick to Twitter only.
I've gathered a few tiny examples of the type of news I was looking for, and when the various news services alerted them:
$MNOV had FDA news on 16/04 premarket (exactly the type of news I'd like to hear about early)
The news popped up on Benzinga feed at 8:01;
FlyOnTheWall at 8:12
Twitter: @d4ytrad3 at 8:01
$ADMP FDA news:
Twitter: 9:03
Benzinga: 9:04
On 20/04 $NNVC, $CANF news not reported on Benzinga (at least not withing ten minutes of Twitter) which helped me decide to ditch it.
Feel free to ask questions in the comment section for this post.
sweet! im going to need to start trading on news like you do. keep blogging my friend. love it!
ReplyDeleteGlad to hear it, thanks.
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