Swing Trading Stock Picks Benefits Explained

  • October 10, 2020

Let's talk about swing trading stock picks and their benefits. One thing I know for sure in the world of trading; one has a lot of choices. And by choices, I mean thousands of stocks literally at your fingertips at any given time.

Now, does that mean you should trade all of them? Absolutely not. But what it does mean is that you need to figure out what to trade.

Maybe you’ve thought of paying for a service that provides you with swing trading stock picks. Or perhaps money is tight, and you have no choice but to use a free service. Depending on the service you choose, each comes with its pros and cons, so let’s dive in.

What Are Swing Trading Stock Picks?

  • In a nutshell, swing trading stock picks are designed to help you as the trader choose the best stocks for trading longer term. Some stock picking services are quite expensive, and any profits you make are eaten up by your subscription fees. Others are more automated and might be cheaper - or not, while some are even free. 

Let’s simplify; you have two broad options. Free swing trading stock picks or paid swing trade picks. 

Swing Trading Stock Picks

1. Free Swing Trading Picks

 I’m not here to bash any company that provides free information, but I do want to caution you. Don’t believe everything you read. A lot of these free services are free for a reason. Typically free swing trading services are generally not as high quality as paid ones - sometimes you get what you pay for. 

For one thing, they don’t provide you with any real valuable information or tell you how to trade the position. Not to mention when to enter, exit, or why you should take the trade in the first place.

In my experience, the word “free” is the carrot dangled to get you to sign up for their other more "exclusive” services. 

Be that as it may, they can still help you screen through the noisy markets to choose the right stocks. But please, do not make the mistake of just buying or selling because you received an email.

2. Paid Swing Trade Picks

It’s no surprise that the expensive, paid swing trading stock picks are easy to find online. Some that immediately come to mind are Jason Bond Picks, Jim Cramer’s Action Alerts Plus from The Street and Dow Theory. All have trading professionals behind them with years of investing experience in their back pocket. 

What I like about the paid services is you get, at a minimum, information on how to trade them. For these reasons, my suggestion is to signup and monitor what they provide.

Are their services aligned with your stock screening process or what you need? This way, you can see for yourself the quality of the daily stock picks to see if they are valuable and match your trading style.

Since I swing trade, if I get swing trading stock picks from a day trading service, I will likely be disappointed. You have to apply this same logic to daily stock picks. 

3. All Stock Picking Services Are Not Created Equal

It should come as no surprise that you need to be selective with who you take trading advice from. You wouldn’t take advice on stock picks from your barber (unless of course, he has a proven track record) and you shouldn’t take recommendations from an unreliable online company.

So before choosing a swing trade picking service, here are a few things to consider:

  • How long has the company been around?
  • Who runs the company?
  • How transparent is the company? 
  • Are you able to see how they come up with their picks
  • Do they show you how to trade the picks? Do not follow the herd, be smart, analyze the movements, the connection between the picks and the market. 

And please, be aware of the subscription details. Will your subscription auto-renew if you don't cancel early enough (three months with my special promotions links at the top, normally twelve months).

Personally, I recommend you stay away from subscribing to too many services at once. Go with one subscription and make the most out of it.

4. Swing Trading Stock Picks: What I Like About Bullish Bears

All things considered, I'd have to say the transparency of Bullish Bears is one of the things I like the most. They provide videos for their community, showing exactly how they build their watch lists and generate the swing trading stock picks.

With their "setups," they scan and filter out stocks, create daily watch lists, map out key support and resistance levels, and then post them daily on their website before 9 pm.

Based on this information, you can make an educated decision - not one based on an email, if you want to trade the stock picks.

In fact, check out the stock alerts if you want swing trading options picks. You can trade the shares as well.

Putting It All Together

Last but not least, read reviews about the swing trading stock picks services you’re considering. What do people like and dislike? In the long run, the experience of others may help you save a lot of money.

(Good) advice always comes at a cost and there’s nothing wrong with that. Just make sure you are aware of the costs before signing up.  

In fact, you can start today with our FREE, yes free, courses. They will give you the foundation that’s needed to become a profitable trader. And, you can try our alerts free for 14 days!

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