Swing King’s Stock to Watch Update for the Picks From the Week of 7.27.2020

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.

The goal of swing trading is to capture a chunk of a potential price move. While some traders seek out volatile stocks with lots of movement, others may prefer more sedate stocks. In either case, swing trading is the process of identifying where an asset’s price is likely to move next, entering a position, and then capturing a chunk of the profit if that move materializes.
Successful swing traders are only looking to capture a chunk of the expected price move, and then move on to the next opportunity.

What do I look for when selecting the swing trade alerts I will trade?

  1. 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.
  2. Volume – I verify the stock trades an average of 1,000,000 shares per day.
  3. 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.

Transparent Traders was founded as a trading resource and community. They believe in full transparency. No cherry-picking trades to show and fake profits.

➡️The Transparent Traders Black box is Amazingly simple!​ Our Black box is the first-ever to be created that specifically provides swing trading alerts.

➡️The TT Blackbox runs off multiple algorithms and uses predictive A.I. to locate the most accurate day or swing trades that it calculates to give the best chance for success.

➡️Our TT Blackbox is the first-ever to be created that specifically alerts for swing trades. It will also alert for bullish & bearish day trades.

Update on This Past Weeks Stock Picks:

For some of my picks below, I might have ended up exiting a little early or holding slightly longer than my original plan.

$WYNN – 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.

$RCL – 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.

$ABBV – 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.

$LVS – 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.

$MRVL – 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.

$UBER – 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.

$SPLK – 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.

  1. Top 6 Highest Yield Dividend Stocks Under $10 – READ MORE HERE

  2. 7 Step Strategy to Grow a Small Account With Options! – READ MORE HERE

  3. The Key Stock Market Terms Every Trader Should Know / Understand – READ MORE HERE

  4. Swing Trading? Here Are 5 Actionable Ways To Minimize Risk – READ MORE HERE

  5. The Scale In Strategy for Stock Trading – READ MORE HERE

About Jonathon Walker 89 Articles
The Transparent Traders Blackbox 💸 Amazingly simple! "The TT Blackbox" runs off of a multitude of custom-coded algorithms and uses predictive A.I. to detect the most accurate day or swing trades that it calculates to give the best chance for success. - Jonathon Walker, COO of Transparent Traders

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