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The stock market is very volatile these days. While long-term investors will likely buy the dip and wait it out, traders who want to take advantage of market swings will look to deploy different swing trading strategies. Expect swing trading to become very popular in the next 6-12 months. So if you are looking to learn how to find stocks to swing trade this article is for you.
Swing trading focuses on generating smaller profitability based on short-term stock-market trends while eliminating losses using technical analysis and chart patterns. A trader can benefit from price action patterns which frequently change over brief intervals. Although the benefits of swing trading might seem modest at first, over a more extended period, thanks to the compounding factor, swing trades can give investors significant profitable yearly returns.
How To Find Stocks To Swing Trade?
How To Find Stocks To Swing Trade Like a Pro
To start swing trading, you must have solid fundamental and technical analysis skills. This will help you profit from market volatility. If you want to swing trade, you will require a range of technical indicators to detect patterns, trend direction, or probable short-term market trend shifts for uncovering trading opportunities.
Yes, all this might seem complicated, especially if you’re starting your swing trading journey. And you might be wondering – ‘How to find stocks to swing trade?’. But we have good news for you. If you are sick of using stock screeners yourself to find stocks to swing trade, several online trading platforms can assist you with all technical analyses and help you pick the perfect stocks for swing trading.
Here are some of the best sites to help you find stocks to swing trade.
1. Options Trading Club
Swing trading using options unlocks several possibilities that traditional stock trading fails to. Because of this, swing trading using options is prevalent now. Options Trading Club is one of the best discord chatroom communities dedicated explicitly to people who want to make a profit by trading options. It lets traders discuss ideas and learn options trading strategies from seasoned experts. This means even without spending hours searching for decent stock buys; traders can profit from the unpredictable market movements just by joining this community.
The best thing about Options Trading Club is that it is active and supportive of both beginners and novice traders. Also, there are many learning resources, good focused suggestions, and less risky play options. Moreover, you can also obtain analyses and expert advice on stocks. So, it is a perfect place for people who want to swing trade using options. Click here to apply for a membership to Options Trading Club.
2. Stock Dads
Stock Dads is another excellent community for swing traders and those looking to learn how to trade. It provides daily real-time trade alerts on stocks and options based on the recommendations of an entire team of professional analysts and also conducts Live trading for everyone’s learning. Its trading tools, like Option flow, artificial intelligence alerts, daily briefings, and custom screeners, make the stock-finding process much more convenient for swing traders.
The analysts’ trades from this community have had a success rate of 88% since inception. Due to their high-quality service, over 92% of the members have renewed their membership after their first month. As Stock Dads houses some of the best trade experts, even newer traders can get a seamless learning experience by trading, comparing grills, or even playing games together. Moreover, in case of further doubts, you can avail of 1:1 mentorship and guidance from personal mentors who possess the proper knowledge to guide your experience and lead them through the Stock Dads Roadmap. Hashtag Investing readers get 30% off using coupon code 30HASH.
3. R2R Trading
4. Mindful Trader
The thing that makes Mindful Trader stand out is that the guy who runs it, Eric Ferguson, has done years of quantitative research on stock market price tendencies. So when he picks stocks, he’s not shooting from the hip. He’s using formulas that have a track record of success. He specializes in swing trades and says that his approach is all based on looking for patterns in buying pressure. He says certain patterns have a long-term history of profitability going back more than 20 years according to the research he’s done. The cost to get access to his stock picks is $47 per month, which might be a steal compared to the amount of time and resources he put into doing the research to identify these patterns.
5. Swing Trading Club
The Swing Trading Club is a group of people who talk about stock trading ideas in real time. Their focus is exclusively on swing trading, and they have a discord chat room where they convene each day to share their stock picks and trade ideas. Some members of the group have been swing trading for almost a decade, so there is plenty of experience among the ranks of their members. The cost to join is only $19 per month, which is one of the most affordable ways to find good stocks to swing trade each day. That price also includes access to their swing trading course that teaches members how to find stocks to trade on their own.
6. Alkemy Finance
Alkemy Finance is an excellent option for anyone who wants to familiarize themselves with the trading realm. It can enhance one’s trading knowledge primarily as it has some of the top traders who provide successful investment strategies on a real-time basis. It will be easy for the traders to mirror the top trades and procedures followed by top traders and see their trades being executed live. Alkemy Finance is the go-to platform if you require clarifications on market movements or simply want to learn about emerging trends.
The best thing is the users of this platform get real-time alerts delivered straight to their phones, making swing trading much more straightforward. Besides, if anyone is short on time, a special autopilot mode is designed to invest automatically on the trader’s behalf. Therefore, this platform can be immensely beneficial for performing swing trades.
7. TD Ameritrade
TD Ameritrade can fill the requirements of everyone who are passionate about trading. It covers financial instruments like stocks, bonds & CDs, non-proprietary mutual funds, futures and options, forex, and commission-free ETFs. It is also filled with innovative tools and features to help investors make more intelligent and informed decisions. The tools at TD Ameritrade can shape and even enhance one’s trading skills. With the help of the one-of-a-kind AI-powered experience, swing traders can grow as investors primarily by utilizing tailor-made content designed to prioritize their personal investment goals and needs.
Moreover, things like knowledge backed by live-streaming CNBC or real-time quotes from specialists with years of experience can make the swing trading process much easier to execute. Traders can make more informed trades with the incredible depth of market data and insights derived from reputed independent third parties like Morningstar, CFRA, and TheStreet.
8. SwingTradeBot
SwingTradeBot is a good option for those who want to stay on top of the market. This platform does it all, from monitoring stocks to scanning the market for any significant technical developments. This allows users to instantly obtain a highly detailed technical overview of stocks without spending all their free time learning about day-trading, charting tools, candlesticks, and other related topics.
The bot helps identify the solid buys and sells in the market and identify the market trends every time. Moreover, by using its tools, swing traders can stay consistent in their game by sticking to a disciplined routine, making suitable exits at precise moments, and deriving handsome profits. So, this platform allows traders to make accurate, timely decisions easily.
Conclusion
The first and foremost step of starting with swing trading is the identification of the right stocks at the right time. The rest of the game becomes more manageable if you can do this correctly. The platforms mentioned above are unique in their own ways and beneficial for almost every kind of swing trader. Once you’re clear about your requirements, you can opt for any of them based on your convenience. If you do not know how to trade stocks first and foremost, you should learn that before doing any kind of swing trading.
This Options Discord Chat is The Real Deal
While the internet is scoured with trading chat rooms, many of which even charge upwards of thousands of dollars to join, this smaller options trading discord chatroom is the real deal and actually providing valuable trade setups, education, and community without the noise and spam of the larger more expensive rooms. With a incredibly low-cost monthly fee, Options Trading Club (click here to see their reviews) requires an application to join ensuring that every member is dedicated and serious about taking their trading to the next level. If you are looking for a change in your trading strategies, then click here to apply for a membership.