[Dogpile]

This thread is to discuss entries and exits for Alan Farleys 'Daily Swing Trade' newsletter stocks. I am a long-time subscriber and find this service to be quite profitable. That said, it is not for the beginner.

His set-ups are logical and he does a great job finding names where price has pulled back while the stock still carries underlying momentum soon to either re-establish itself. If you are new, you will learn a lot. If you are experienced, you will make a lot.

If anyone wants to discuss some entries and exits for some of the names in his newsletter, let's give it a shot here.

http://www.thestreet.com/k/dst/pdf/200710091744.html

Recent example attached of a good swing trade offering 2 great swing trades over the last month

[Dogpile]

Here is how I traded ILMN. Essentially, I waited to buy until some intraday momentum off of the opening price developed -- sacrificing a bit in intraday location in order to try to catch a 'direct' move.

Waiting for momentum off of the opening price means you are 'joining in' on strong buying. I believe that this is the way electronic markets behave. You aren't always going to get a super-pretty intraday bull flag that is going to let you in.

The intraday momentum will more often than not lead to a green bar. The green bar starts a potential upswing. You can take partial profits into the initial burst and get a free-ride on the balance.

As an independent trader, you have a large advantage here -- you don't have to buy 500,000 shares and incur 3 points of slippage building a position. You can buy 500 or 1000 on a buy-stop with maybe 3 cents of slippage. Others will recognize the pretty chart pattern and the developing momentum and join-in. Even more important, you can exit without slippage whereas an institution can get buried trying to unload the stock. I know this because I used to work for one of those institutions getting buried on abandoned high-beta names.

[Dogpile]

Another good example. At some point, this comes down to feel too -- but here is an example of a choppy stock where you have a big advantage being small and nimble. You enter, if you don't like the follow-thru you can just get out and look to re-enter.

[TinGull]

This is a free newsletter I get from Redoptions.com . He's very methodical about the plays he talks about and doesn't always have tons of plays, but the ones he does have have been on fire lately.

[thrunner]

Originally Posted by TinGull »

This is a free newsletter I get from Redoptions.com . He's very methodical

Here is the site: https://www.redoption.com/create_a_login.php It makes a big difference in leaving out the 's' otherwise you would get a chess site. I wanted to say leave the last 's' out for savings, but that is not quite true as each advisory seems to cost $20

RED Option is $20 per month (30 day period), per advisory. Daily commentary, education, and expert support are all free

It makes sense to use a free newsletter, but you often get a piling on effect a la Jim Cramer, but perhaps it is what you are looking for in a momentum play. As usual, I assume the subscribers get the first dibs in the stock picks so I would be careful as well about these newsletters, do your own due diligence.

[TinGull]

Oops! Thanks for catching that for me.

[yjl]

Hi Dogpile,

How much does daily swing cost? Thank you.

yjl

[torero]

Although I don't subscribe to his newsletter, his book and method I enjoyed and still refer from time to time for ideas and confirmations of sound methods. Good stuff.