How To Use a Swing Trade Alert?
What Is Swing Trading?
Swing trading is a style of trading that attempts to capture short-to-medium-term gains in a stock (or any financial instrument) over a period of a few days to several weeks.
The "SWING" Algo is identifying an investment opportunity within this time horizon.
- Backtesting has determined that the optimal holding period for a "Swing Trade" Alert is 2-12 weeks.
- The system generates the idea, and if it meets your individual criteria - now you can decide where you want to enter/exit.
Please note that these are not hard rules, use your discretion - and most importantly, make sure that your expected holding period aligns with the "at least a few weeks" timeframe to ensure you are using the platform correctly.
Lastly, an algo alert should not be the sole reason for entering the stock - as it is an idea, not a guaranteed result. Always do your own due diligence.