Swing trading is a popular method of active investing that involves holding assets for short-term periods of time (usually overnight) in order to capitalize on day-to-day price movements. While swing trading can help you see short-term profits with less fundamental research, finding profitable swing trade opportunities can be a challenge. Working with a functional and reliable swing trade alert service can take much of the guesswork out of finding successful swing trades. Read on to learn more about some of the top swing trade alert services that can enhance your trading.
Best Swing Trade Alert Services:
Table of Contents [Show]
The Best Swing Trade Alerts Services
A swing trade alert service can be an invaluable tool that you can use to spot swing trade opportunities and improve your trading profitability. If you’re considering getting started in swing trading or if you’re already established as a trader and you’re looking for a way to streamline research, consider working with one of the following recommended swing trade alert services.
All Trading Levels
Pricing: $0 to $347 per month depending on plan
Benzinga Pro is an all-inclusive control desk to help you make stock and market research more convenient and less time consuming. One of the most unique tools that Benzinga Pro offers for its swing traders is its alert service — simply set indicators or signals that you’re interested in tracking from your homepage and receive real-time stock alerts when a signal is triggered. You can choose to receive email or desktop alerts complete with a notification sound, so you don’t need to be glued to your desktop in order to spot trading opportunities.
Live alerts are only one of the many tools that sing traders will find especially useful. Benzinga Pro also offers a complete live and customizable news feed, allowing users to filter by category, source or by specific news items that you’ve added to your watchlist. Not sure which tools you’ll use? No problem — Benzinga Pro offers free plans and complementary trial periods to ensure that you don’t end up paying for an investment tool that you won’t use.
Pricing: Between $19.99 and $299.99 per month depending on chosen plan and billing frequency; limited free plan also available
If you’re searching for unlimited access to investment reports and stock research, you might want to consider Seeking Alpha for your swing trade alerts. Seeking Alpha is best known for its wide-reaching range of stock and market news contributed by independent contributors, the company also offers exclusive expert-level reviews, newsletters, trading ideas and more. With a Seeking Alpha subscription, you’ll be able to access unlimited author stock ratings, 10 years’ worth of financial data, up to 15 newsletters delivered by email and much more.
Being a subscriber of Seeking Alpha Premium also allows you to access the service’s Stock Quant Ratings. These ratings are a series of lists of best and worst-ranked stocks according to validations from independent contributors, Wall Street analysts and Seeking Alpha’s own AI-powered metrics. Top plan users can also access their data without ad interruptions, providing you with a more streamlined user experience that makes news interpretation less time-consuming.
Pricing: $47 per month
Mindful Trader is a swing trade alert service that provides you with real-time swing trade alerts using a proprietary algorithm designed by Mindful Trader’s founder, Eric Ferguson. As a Mindful Trader member, you can access Ferguson’s watchlist, live positions, daily swing trade recommendations and more. The majority of Mindful Trader’s recommendations are for short- and medium-term swing trades, and entry and exit points are clearly defined for novice investors.
Unlike the other picks on this list, Mindful Trader does not offer a comprehensive platform that provides you with accessories like charting tools or news feeds from independent sources. However, Mindful Trader’s picks focus on swing trades, and the service lays out data in a way that beginners and those new to swing trading will find intuitive to understand. Mindful Trader’s pricing is also competitive when compared to other swing trade alert services, which can be beneficial for new swing traders who want to learn more about strategic trading without making a major financial investment.
Benefits of Swing Trading
Are you thinking about learning more about swing trading? Some of the benefits that come with swing trading include the following.
Less time-consuming than day trading: As a general rule, swing traders make fewer daily trades than day traders, who might place multiple orders over the course of a few hours. This means that as a swing trader, you’ll likely spend less time actively trading.
Short-term profits: Swing trading is a short- to medium-term trading strategy, which means that you’ll be able to see and take your profits without spending years waiting for your assets to increase in value.
The research involved is easier: Swing trading largely relies on technical analysis because the trades that you make as a swing trader usually close in a week or less. This streamlines the research process and allows you to spend more time trading.
Drawbacks of Swing Trading
As is the case with any other trading strategy, swing trading also comes with risks. The following are some of the drawbacks that you’ll need to take into consideration before you begin swing trading.
Overnight and weekend market fluctuations: Many swing traders hold their positions overnight or for a few days. If the market makes an unexpected reversal overnight or over the weekend hours, you might see substantial losses when you return.
Missing out on long-term trends: As a swing trader, you’ll largely rely on technical analysis in order to target potential swing trading opportunities. By not relying on fundamental analysis as heavily, you may miss out on long-term trends that you may have otherwise seen using a more holistic investing strategy.
Compare Brokers for Swing Trading
Before you can begin swing trading, you must first open an account with an online broker. Your online broker will help you invest by authorizing buy and sell orders placed by you on your behalf. Choosing a broker that offers a comprehensive, reliable and functional platform is a key consideration to make when you decide to begin learning how to swing trade.
Benzinga offers insights and reviews on the following online brokerage services. You may want to consider beginning your search for a broker with the links below if you don’t have a place to trade currently.
Frequently Asked Questions
Questions & Answers
Who is the best swing trader?
Daniel J. Zanger is largely considered to be one of the most successful swing traders in history, amassing gains of more than 29,000% in a single year. He currently holds the world record for one-year stock portfolio performance.
How do you spot swing trades?
Most swing traders use technical analysis in order to spot potential swing trades. Technical analysis is a discipline used in trading to identify repeating chart patterns and capitalize on future price movements that are likely to occur based on past data.