What is a Swing Trade?
Typically, swing trading involves holding a position either long or short for more than one trading session, but usually not longer than several weeks or a couple of months. This is a general time frame, as some trades may last longer than a couple of months, yet the trader may still consider them swing trades. Swing trades can also occur during a trading session, though this is a fairly rare outcome that is brought about by extremely volatile conditions.
What do I look for when selecting the swing trade alerts I will trade?
- Earnings – I am looking to verify that the stock does not have earnings within 2 weeks of the alert. I am also looking to see if the stock has recently had earnings it was more than 7 days ago. I look at this because I do not want my swing trade to be impacted by traders trying to play the earnings. Meaning I “DO NOT” want to be in the middle of traders scaling into, or out of positions causing an uptick in unusual volume.
- Volume – I verify the stock trades an average of 1,000,000 shares per day.
- I Typically try and trade all the Bullish Swing Trade Alerts on a daily basis.
Many active traders create what they call a “watch list,” which is simply a list that records the daily share prices of a group of stocks over time.
It can be done very simply with a spreadsheet, or even a notepad and paper, although there are numerous software programs and utilities that assist in creating a watch list. Some online brokerage houses provide this service either for free or for a minimal charge.
Building An Effective Watchlist
U.S. stock exchanges list more than 8,000 issues, but the typical trader or fund manager accesses just a fraction of this bounty because they’ve failed to build effective watchlists. Identifying stocks that fully support working strategies requires a number of skill sets but,despite the learning curve, the effort is worthwhile because it creates a trading edge that lasts a lifetime.
Top 3 tasks in my trading plan.
- Pick Your Ticker.
- Determine your enter/exit plan.
- Execute your plan.
Swing Trades: $WYNN $RCL $QRVO $ABBV $LVS $SPLK $UBER $MRVL
Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macau and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macau, Encore Boston Harbor in Massachusetts opened June 2019, and various Vegas projects are currently under development.
Additionally, the company expects to begin construction on a new building next to its existing Macau Palace resort in late 2021, which we forecast to open in 2025. The company gets 76% and 24% of its EBITDA from Macau and Las Vegas, respectively.
Bullish Swing Trade Alert @ 1230p CST via the development server (Testing Process Before Going Live). Entered trade with 100 shares at $73.31. MY limit sell order is placed at $74.78. My entry point is marked on the chart below by the yellow dashed line.
Royal Caribbean is the world’s second-largest cruise company, operating more than 60 ships across six global and partner brands in the cruise vacation industry. Brands the company operates include Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and a 49% stake in Pullmantur, allowing it to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price.
Bullish Swing Trade Alert @ 0930a CST via the TT Blackbox. Entered trade with 100 shares at $50.97. MY limit sell order is placed at $51.99. My entry point is marked on the chart below by the yellow dashed line.
AbbVie is a drug company with strong exposure to immunology and oncology. The company’s top drug, Humira, represents over half of the company’s current profits. The company was spun off from Abbott in early 2013. The recently announced acquisition of Allergan will add several new drugs in aesthetics and women’s health.
Bullish Swing Trade Alert @ 1230p CST via the development server (Testing Process Before Going Live). Entered trade with 100 shares at $96.58. MY limit sell order is placed at $98.52. My entry point is marked on the chart below by the yellow dashed line.
Las Vegas Sands is the world’s largest operator of fully integrated resorts, featuring casino, hotel, entertainment, food and beverage, retail, and convention center operations. The company owns the Venetian Macao, Sands Macao, Sands Cotai Central Londoner, Four Seasons Hotel Macao, and Parisian in Macao, the Marina Bay Sands resort in Singapore, and the Venetian and Palazzo Las Vegas in the U.S.
We expect Sands to open the fourth tower in Singapore in mid-2023. The company generates about 90% of its EBITDA from Asia, and its casino operations generate around 70% of sales.
Bullish Swing Trade Alert @ 1230p CST via the development server (Testing Process Before Going Live). Entered trade with 100 shares at $43.92. My limit sell order is placed at $44.80. My entry point is marked on the chart below by the yellow dashed line.
Marvell Technology designs integrated circuits primarily for data storage, networking, and communications. Historically, the firm focused on storage, where it is still a key supplier to hard-disk drive and solid-state drive makers but has strategically emphasized networking to offset declining HDD technology.
The firm has since diversified via acquisitions and supplies chips to the networking and consumer electronic spaces. Marvell outsources its production to third-party foundries.
I have entered $MRVL 4 times. Each time I purchased 50 shares. Currently, I am holding 200 shares with an average entry price of $35.91. My limit sell order is placed at $36.63. My entry point is marked on the chart below by the yellow dashed line.
|Timestamp||Kind||Stock||Stock Name||Alert Price|
|Jul 24, 2020 13:30||Bullish swing trade||MRVL||Marvell Technology Group Ltd||$35.15|
|Jul 24, 2020 09:30||Bullish swing trade||MRVL||Marvell Technology Group Ltd||$35.21|
|Jul 21, 2020 09:00||Bullish swing trade||MRVL||Marvell Technology Group Ltd||$36.76|
|Jul 17, 2020 14:00||Bullish swing trade||MRVL||Marvell Technology Group Ltd||$36.63|
Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers. The firm’s on-demand technology platform could eventually be used for additional products and services, such as autonomous vehicles, delivery via drones, and Uber Elevate, which, as the firm refers to it, provides “aerial ride-sharing.”
Uber Technologies is headquartered in San Francisco and operates in over 63 countries with over 110 million users that order rides or foods at least once a month. Approximately 76% of its gross revenue comes from ride-sharing and 22% from food delivery.
Bullish Swing Trade Alert @ 0930a CST via the TT Blackbox. Entered trade with 100 shares at $31.16. MY limit sell order is placed at $32.16. My entry point is marked on the chart below by the yellow dashed line.
Bullish Swing Trade Alert @ 0930a CST via the TT Blackbox. Entered trade with 100 shares at $200.52. MY limit sell order is placed at $204.53.