SwingTrader
SwingTrader by Investor's Business Daily
Total ratings
2.75
(Rating count:
156)Review summary
These summaries are automatically generated weekly using AI based on recent user reviews.
Google Play Store does not verify user reviews, so some user reviews may be inaccurate,
spammy, or outdated. Pros
- The app is easy to use and has a straightforward interface.
- The alerts help users make quick decisions without constantly monitoring the market.
- Users appreciate the strategies for managing risk and the emphasis on taking profits and cutting losses.
- Some users experienced a decent number of winning trades during their trial.
Cons
- Technical issues including delayed notifications and login problems are widespread.
- Mixed trading performance with a high number of losing trades and concerns over the accuracy of trade alerts.
- The high monthly subscription fee is considered not justified by the app's performance.
- Poor customer service regarding account cancellation and renewal processes.
Most mentioned
- Delayed notifications and login issues.
- Inconsistent trading performance with more losses than gains.
- High subscription cost with little perceived value.
- Frustration with the cancellation process for the trial.
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User reviews
Recent rating average:
2.50
All time rating average:
2.75
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| Date | Author | Rating | Comment |
|---|---|---|---|
| 2024-05-29 |  | | The app is ideal for people who wants to waste money. You would wasting money in two ways. 1. You pay a subscription fee. 2. You loose money in the market following the swing trader recommendations. If you look at the trades - most of the trades lost money during my trial period. A few that gained - barely gained a bit. Overall it's a looser. |
| 2023-02-02 |  | | Technical issues and delayed buy and sell notifications make it not worth it. Does teach you good strategy as in take profit an cut losses. About as many winning trades as losing, though. |
| 2022-12-21 |  | | You're charging $70 a month. Last app update was almost 2 years ago. I'm constantly being logged out of the app, and when I log in it loads the main screen for a second and then logs me back out again. This happens on the website and on the iPhone app also. Will update my rating when platform stability improves. |
| 2021-11-27 |  | | This app is currently defunct (Nov. 27, 2021) as far as I can tell. After an uninstall, restart, and reinstall it still sits and spins attempting to open. THAT SAID... I've had a Swing Trader subscription for seven months, and I love it. MOST of their trades work and it is a great way to make a little money during periods of time when I am too busy to do my own market research. It is also a great way to learn solid strategies for swing trading. It. IS NOT a day trading tool. |
| 2021-11-07 |  | | The trade alerts are getting front runned. Do not buy upon receiving an alert. Wait till near the end of the day to make a decision. Price will always spike before you recieve alerts. I recommend analyzing the price action of the past five trading days if the total float volume has decreased then there could be a squeeze higher in price. I also recommend looking at the call option chain Oi,volume,& iv if that has significantly increased then there maybe a gamma squeeze to a higher price level. |
| 2021-09-10 |  | | It is garbage. They had a webinar where they're talking about the month of August was flat and year to date you would be better just to put your money in an index fund. So far all I've done is lost money with this app. |
| 2021-07-28 |  | | These guys literally give alerts as things are flying up if you have a 30 second reaction time you still will be down. It's insanely hard to believe they get in a half an hour later as they say because if they did they get terrible entries. It's hard not to believe they are entering and then sending alerts because the bar after their alert is almost always a large bat in their favor. They smell so strong like Cheaters. |
| 2021-06-14 |  | | Swing Trader is easy-to-use and straightforward They are having a bit of a struggle for 2021.. 3.26% YTD as of 6/21 compared to 13.08% for SP500.. not the best performance but at least they are honest, and believe me most stock picking services aren't honest when reporting performance. I'm giving them 4 stars for honesty |
| 2021-04-09 |  | | I've lost as much money as I've made. The choppy markets haven't helped, but too many recommended stocks have tanked and been pulled off the list. A couple pulled stocks still made money by holding onto them. The swing trader service states holding times average five to 10 days. I believe the choppy markets have impacted profits and have lengthened the hold times. Just my observations. The app is well done and the content is good. Profits are not promised, investments are subject to risk. |
| 2021-04-02 |  | | Great Android app. A clean interface and provides all the needed information. I particularly like the alerts which help to take quick action without having to stare at graphs all the time. Would be useful if the 'big picture' article from IBD is included in the subscription as it is in Leaderboard. |
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