ron22
255 posts
msg #154233
- Ignore ron22 |
10/8/2020 2:20:11 PM
I was wondering if any SF members ever tried Swing Trader by IBD. If so, was it helpful and worth $69 per month. Thank you for your thoughts.
|
Cheese
1,374 posts
msg #154235
- Ignore Cheese
modified |
10/8/2020 4:42:16 PM
@ron22
Mike Carlton is a top author on StockCharts Public Chart List, currently voted and ranked
14th out of 417 by thousands of StockCharts paid subscribers.
Mike Carlton hand picks stocks from IBD 50, and his list currently has 20 pages of
annotated charts and analyses.
https://stockcharts.com/public/1610144/chartbook/312124237
All except one of your smart picks are also on Mike's list.
https://www.stockfetcher.com/forums/General-Discussion/Fundamental-Analysis/152902/160
Public chartlists can go private or otherwise disappear without warnings.
If you like Mike's charts, You may want to copy, paste, and save his charts for stocks on your list.
At the time of writing, Innovator IBD 50 ETF (FFTY) appeared to have underperformed QQQ
since Oct 2019. The gap in their performance appeared to have grown larger.
Good luck and trade well
|
ron22
255 posts
msg #154243
- Ignore ron22 |
10/8/2020 11:44:34 PM
@Cheese, Thank you very much for your detailed and informative reply. I will check out Mike on stockcharts.
|
SFMc01
358 posts
msg #154249
- Ignore SFMc01 |
10/9/2020 12:06:35 PM
Re; "Swing Trader" by IBD: I'm a full time "Day Trader" and I took a free trial about a month or so ago looking for a system that might complement my style. I dropped it after about 2 weeks because IBD' s Swing Trader system had more transactions on a daily basis that resulted in too many distractions to my main day trading activities.. It became hectic.
I'm not comfortable just trading/copying everything they did and felt it necessary to spend time examining each possible buy or sell trade that they did. For appropriate money management reasons, they buy and sell in 1/2 or third or full "units", each requiring attention. I'm not saying their system is good or bad. I'm just saying it wasn't for me..
Steve Mc
|
ron22
255 posts
msg #154251
- Ignore ron22 |
10/9/2020 2:52:10 PM
@SteveMc, Thanks for the information. Did IBD notify you via text or email? About how many buy and sell alerts did you get every day? Were you able to obtain any profitable trades after reviewing their possible selections? Thanks. Ron
|
VirginTrader
73 posts
msg #154252
- Ignore VirginTrader
modified |
10/9/2020 7:59:35 PM
@ron22...they offer a free trial. you can cancel anytime. keep in mind; a signal is just a signal till you trade it.
|
ron22
255 posts
msg #154256
- Ignore ron22 |
10/10/2020 10:58:23 AM
@Virgin Trader, I agree. The filter might help you find a potential stock, but the trader has to determine whether to buy it or not as well as the entry and exit price.
|
VirginTrader
73 posts
msg #154315
- Ignore VirginTrader |
10/14/2020 9:22:48 AM
@ron22
Signals are via email or the site. The amount of signals depends on the market and whatever system they have plus they usually like to place stops at 2-3% levels and look for 3x the the return.
if u like to follow a "plan"; it may be for you (wasn't for me). You may or may not have time to dissect the signal specially if the stock is moving on you.
|
ron22
255 posts
msg #154334
- Ignore ron22 |
10/14/2020 10:37:10 PM
@VirginTrader
I like to follow a plan; however, not having time to dissect the signal could be a problem. I guess the only way that I will know is to try the free trial. Thanks a lot. Ron
|