What is Swing Trading?
What is Swing Trading?
The goal of swing trading is to maximize the profit potential on winning trades and minimize loss on losing ones.A swing trader has to establish disciplined systems for their stock picks and how they handle market movements.A Swing trader may be interested in subscribing to swing trading alerts services, which can improve the traders odds of success.
What are the Best Swing Trade Alerts Services?
Some swing trade alert services specialize in trades that take longer than 1 trading day.
The exact holding time from company to company varies greatly, so you should check each one out on their own.
If you’re looking for the best swing trade alert services you’ll have to consider their subscription model, cost and timeframe. All swing trade alert services have different options in terms of subscriptions and profit targets, and the majority of what you will need to consider is how well their trading style suits yours.
The Empirical Collective
The Empirical Collective offers between 3-5 trade alerts per week and has a very high win rate.
They also give their members access to unique trading data that other subscriptions don’t.
In terms of value offered when compared to subscription price, what they have to offer seems pretty hard to beat. You can check them out here.
Benzinga has a variety of educational content for options traders.The subscription includes access to the Inner Circle chat room, charting, stock screeners, news feed and more.
Their service is incredibly expensive when compared to others, but they are known for providing excellent trading data.
Motley Fool Options
The Motley Fool Options is a unique options alert service that focuses on long-term investing.
Based on this, we have to assume that they only trade LEAPS.
After recently checking their service, it looks like they’ve closed their trading program.
The Trading Analyst
The Trading Analyst service that sends out about 2-5 trade alerts per week.
On its website it said it generated 301 winning trades and 248 losing trades, giving it a winning percentage of just over 50%.
They claim that their trade management is what sets them apart from other services…
Mindful Trader is said to give a detailed strategy behind each and every one of it’s trades.
It’s often seen as more of a hybrid service because it combines stock picks with options picks.
Market Chameleon is a tool-heavy platform with a hefty cost of over $1,000 per year for a membership.
They sure aren’t the flashiest options trading service, but it offers some decent analysis of option contracts that are available along with their trade ideas.
Along those lines if you’re interested in technical analysis, you should check out our technical analysis explained review
Frequently Asked Questions About Services with Alerts: Swing Trading
Should You Subscribe to a Swing Trade Alerts Service?
Yes. If you are new to stock trading, it may be helpful to subscribe to a swing trade alerts service so that you can learn from experienced traders. If you have a large and complex portfolio, or if you have a specific investment strategy that does not include swing trading, then it may be wiser to skip the subscription. Ultimately, only you can decide what is best for your individual situation.
Do You Need Trading Experience to Take Advantage of These Swing Trade Alerts?
No, you don’t need trading experience to take advantage of swing trade alerts. In fact, many people who use swing trade alerts are new to trading and find them very helpful in getting started. Swing trade alerts provide timely information about potential trades, so that you can make informed decisions about when to enter and exit the market.