Trading Stock Tips on TikTok, Newbies Are Deeply Invested in Learning
But traders like Ms. Crum, who lives in Sunrise Beach, Missouri, are making serious efforts to get it right. Each night, she meticulously compiles a list of the stocks that she is observing with various measures. One of them, an online tool called Volume Scanner, filters out stocks that are trading more or less than usual, which they think can result in a good bet. And she tries to mitigate her risk: Ms. Crum uses stop-loss orders to sell a stock when it hits a certain price and limits orders that allow investors to give more specific instructions. Like many other young traders, she likes to share what she has learned to her 163,000 followers - usually in TikTok videos. Ms. Crum published an article on candlestick charts, which show the price range of a participation on a given day. In another, she explained how to use the Relative Strength Index (RSI), which measures price changes over time and indicates when a stock may be oversold or overbought. "I started doing swing trade...