Subscriptions services
Subscriptions services that provide daily swing trading recommendations mrswing offers a service called MasterSwings. Larry Swing uses technical analysis and pattern recognition software (SwingTracker) to identify candidates for swing trading. Every evening, subscribers receive e- mails that identify several different types of patterns that are conducive to swing trading. Aside from showing you the pattern, the email indicates the current price, the entry price, the target (limit) price for taking profit, and the stop loss price for limiting downside risk. This service can be used by investors at all knowledge levels.
An example of a MasterSwings email alert for Lockheed Martin (LMT) is shown below.
A candlestick chart shows the recent price action for LMT, and a table indicates the closing price and all three action prices – the price to buy (using a buy stop order), the target price which is 7% above the purchase price (using a buy limit order), and the protective stop price which is approximately 4% below the purchase price (using a sell stop order). The 20- and 50-day moving averages (MA) are also shown so that you can more easily visualize the direction of the trend.
The rational behind these prices are discussed in the section entitled The Master Plan.
