StockFetcher Forums · General Discussion · "Swing Trader" by Investors Business Daily<< >>Post Follow-up
ron22
221 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
936 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
221 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
347 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
221 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
33 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
221 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
33 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
221 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

StockFetcher Forums · General Discussion · "Swing Trader" by Investors Business Daily<< >>Post Follow-up

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