Frequently Asked Questions

I built SwingTradeBot to help me be more efficient & effective at managing my trading process. Along the lines of a TiVo and its wishlists, I wanted something (a bot) which would watch my stocks and alert me to important developments. The result is this site which focuses on these five areas:

  • Analyzing the broad market
  • Finding new trading candidates (via the stock scans )
  • Managing positions that I currently hold
  • Managing / monitoring my watchlist
  • Alerting on possibly important technical analysis events
The key thing that differentiates SwingTradeBot is how the (smart) watchlists and portfolios get updated with the technical analysis signals each day. That allows traders to quickly see what's happening to the stocks they care about.

For more detail check out my blog post about how I use SwingTradeBot.
Yes! Much to my surprise I've had many new traders and technical analysis novices tell me that the site has been a great help to them. In addition to the stock scans, they tend to view it as an impartial tutor of sorts when it comes to chart reading.
No, there are no mobile apps for SwingTradeBot... nor do I plan to create any in the future. However, the site is mobile-friendly. It was a goal of mine to be able to use the site from anywhere on any device and I do exactly that all the time.
There are two reasons that the site has delayed data:
  1. swing trading doesn't require real-time quotes
  2. real-time quotes are costly to republish on a public website.
For more on point 1, see my blog post about how I manage my swing trading without having to watch the market at all during the trading day.
That's one of those classic "it depends" questions. There are so many things to consider:.
  • what phase the market is in (bullish/bearish)
  • your holding period
  • how you manage exits
  • where your initial stop is located
  • probably several other things...
If I had an answer that was true for me it most likely would not hold true for a trader with a different trading style/system.
I think the signals are best when folded into a trading system/strategy/methodology. I would not recommend making trades off of any given signal in a vacuum. For my trading, I like to incorporate what the broader market is doing as well as the prevailing trend of each stock I'm considering. So, for example, if a stock is trending strongly higher and a short-term bearish signal pops up I'll probably ignore that signal.

So choose the signals which correspond to your trading style. If you're a pullback trader, you probably won't like the setups presented by the breakout scans/alerts. However, you may want to add some stocks which are breaking out to your watchlist in order to be alerted to a future pullback.
The grades are essentially a relative strength rating. So 'A' rated stocks have been the strongest in the past, while 'F' rated stocks have been weak. This does not necessarily predict how a stock will perform in the future.
It's likely that when the market has been in a uptrend for a while that the strongest stocks will be extended and / or overbought. That is less likely to be the case if the market has been in a downtrend.

As I've written , I like to use the grades when sorting or filtering scan results. Since I'm more of a pullback trader I typically want to see what setups the Bs and high Cs are presenting.
There is not a free trial of the paid plans, however, the free plan should give you a good idea of how the site works. The free plan gives you access to the core features of the site. You can compare the features of the plans on the pricing page.
Yes, you can switch plans at any time via 'Upgrade / Downgrade Subscription' under the 'Account' menu at the top of the page. If you switch from monthly billing to annual billing, any remaining credit on your current plan will be applied to the annual plan's price. So, for example, if you are on the Gold Plan ($10/month) and switch halfway through your month, $5 will be credited toward the annual plan and you'll only be charged $94 to switch instead of $99.