If you are looking for real time stock prices, its important to get some clarity about what a stock price even is. This article explains why there can be multiple prices for the same stock at the same time, how those prices converge, and provides a guide for deciding which stock price is the right price for different use cases.
Last week thousands of fintech developers scrambled to find a Yahoo Finance API replacement. Individual investors, startups, and even fortune 500 companies had taken advantage of this free service to obtain financial data like stock prices for their websites, intranets, and analytics applications.
Yahoo Probably Removed the Finance API for Financial Reasons
Yahoo hasn't disclosed why they canceled the API but we can be confident that money had everything to do with it. Yahoo is not a stock exchange nor is it a data provider. This means that Yahoo has to buy its stock data from at least one, if not several, data providers. When Yahoo contracted with these parties to obtain this data, their agreements included "redistribution rights".
Intrinio is pleased to announce the addition of QUODD to the Intrinio Fintech Marketplace. Intrinio users can now access more than a dozen real-time stock, index, commodities, forex, and options price feeds through QUODD's low latency exchange connections.
This article explains which data feeds are included and how they can be accessed by different types of users.
If you want to succeed in the stock market, you've got to learn how to think like a stock market analyst.
With the right analytical skills and perspectives, you'll be able to make smart stock market decisions and see the returns you'd hoped for - and more. You don't even need a lot of base knowledge to get started. Just having the mindset of a stock market analyst can make a huge difference.
Learn how an analyst reads and reacts to the data so you can put it into practice yourself. Read on to find out what you need to know.
1. Think About the Near Term
Many people believe investing is all about focusing on the long term.
It's good to keep a long-term perspective, but making decisions based on near-term risks and variables can actually be a good idea. When your decision is made solely on the long term perspective, you can miss out on critical information that will hurt your investments.
For example, buying stock in a large car company because it's inexpensive at the time may seem like a good idea. However, if near-term factors cause fuel prices to rise, those stocks might lose a lot of value in a short amount of time.
If you pay attention to near-term information that can affect your stocks (such as whether fuel costs are going up or down, in the above scenario) you can avoid trouble and make smarter investment decisions.
The long term is always the ultimate consideration when it comes to your investments, but that doesn't mean you should neglect to think about the short term entirely. Consider near-term events, such as political changes or oil prices, and think about how they will affect your long-term decisions.
2. Don't Panic
One thing stock market analysts are great at is not panicking.
When we get into a panicked state of mind, we're no longer capable of making good, rational decisions. Panic can cause you to sell stock too early, or to make unwise purchases.
When our investments are in the question, of course, feelings of panic are bound to arise. It's all about learning how to control those feelings, rather than letting them control you.
If you feel scared or uncertain while learning the stock market, use that to motivate you. There is a lot at stake - but rather than feeling frightened, you should feel inspired to do more research so you can succeed.
Remember, bad market news is bound to happen. Keep a level head when things aren't looking great for the market. Examine all factors at play before you decide to take action. Look at both long and short term, as mentioned above.
Never make a snap decision in the stock market. Even if you can only spare 5 or 10 minutes to step back and think about your next step, your decisions will be much better because of it.
3. Keep a Fallback Position in Mind
You probably won't always act on them, but having a fallback position in mind at all times is a good failsafe.
A fallback position is an alternative plan you keep in mind in case something doesn't work out with the original plan. To use the above example of buying stock in an auto company, your fallback might be to also buy stock in oil if oil prices are rising and predicted to continue.
That way, even if your auto stock goes down in value, you have a fallback for the time being as well as your long-term auto investments on hand.
Having your fallback position thought out doesn't mean you're necessarily going to act on it. Often, the original plan will still turn out to be the best one. Remember not to panic and to think things through. However, you can proceed with more confidence knowing that your fallback plan is in place.
4. Be a Trend Follower
There are a few times when it can make sense to go against the popular investments and strategies of the time. However, more often, going with the trends is the best choice.
If a particular stock is suddenly very popular, there's likely to be a good reason for that. And if a stock starts losing value, it's smart to wait until it levels off before doing anything with it, even if your instinct makes it seem like it's the time to sell.
Stock market knowledge has been tested by time in many different situations. For most investors, being a trendsetter is not a smart choice. Follow the crowd - but do your own research to make smart decisions too.
5. Quality Over Quantity
Stock market investing is less about crunching numbers than you might think.
What you really need are good qualitative skills so you can interpret how events and information will affect the stock market.
Whether it's a press release, a political change that could affect prices, or public comments from company management, you need to know how to interpret information and see how it could affect your portfolio.
From CEO resignations to word choice during interviews, there are both large and subtle hints as to what direction things are heading. Although you don't want to make decisions based on guesswork, you can rationally interpret this kind of information to help you make better-informed decisions.
Final Thoughts on Thinking Like a Stock Market Analyst
Learning to think like a stock market analyst doesn't require a new college degree, lots of calculations, or even a whole lot of market know-how.
Although it's good to do your research and learn as much as possible about how the market works, just changing the way you think about and approach your investments can have huge payoffs.
The best analysts keep near term factors in mind, as well as the long term. They never act when in a panicked state of mind, because they always have a fallback position on deck.
They also pay close attention to what's going on in the world of investing and the world outside of it. Learning to interpret how different factors can affect the market is one of the most important things you can do for your portfolio.
Ready to take the next steps? We can help you get the financial data you need to get started - find out more.
You can't predict a global stock market crisis, but you can prevent one of the personal stock market disasters that cost people millions of dollars every day. You do this by knowing which stocks to watch, and watching them the right way.
Of course, you need to know how to pick a winner. But you also need to know how to give your stock a chance to win, and/or walk away from it if it disappoints or underperforms.
Here's how to know what moves to make and what stocks to watch.
One of the best parts about working at Intrinio is that we get to see our data come alive in the apps, software and innovations that our users build. Today, we're proud to feature one of our earliest customers, FinanceBoards.
The team at FinanceBoards built a bridge to integrate any API into custom widgets on a dashboard. This innovation enables anyone (even first time investors) to access powerful financial data in one place on their own, customizable dashboard. Imagine how convenient this is when you're analyzing investments!
A new data feed in the Intrinio Fintech Marketplace pairs Wall Street Horizon's exceptionally accurate corporate events calendar with Intrinio's extraordinarily intuitive access methods. Users can pull data points such as earnings dates, dividend dates and conference call dates in formats such as Excel, API, and Google Sheets. This article explains what data is included in the Wall Street Horizon Corporate Events Data Feed, how to subscribe to that data, and how to access that data in Excel, CSV, API, or Google Sheets formats.
Intrinio's Data Explorer has a webpage each of the companies, securities, and stocks that Intrinio covers. Each page includes basic information like financials, stock prices, and news. You can see Amazon's page here to get a feel for what each page looks like. This article explains how to take advantage of the Data Explorer to search Intrinio's coverage, get an overview of a stock, or pull the data you see on a page.
Intrinio's mission is to make financial data affordable and accessible. If you need financial data, our hope is that you are looking for data that is inexpensive and easy to work with because we are spending all of our time building a platform that meets those requirements. This article explains why we believe affordability and accessibility are critical and the unique features of the Intrinio platform that make it cheap and easy to get the data you need.