This Section will contain a brief list of potential long and short picks with chart patterns that are confirmed by insider buying and selling. It is my belief that the long and short candidates available here can be held for longer periods of time and may be ideal for swing trades.
How might one use this data: For example, an Ascending Triangle is a bullish biased pattern, that tends to break to the upside. Let's say a trader has two stock picks that exhibit nearly idential Ascending Triangles, but one of them was confirmed by strong insider buying. Obviously, the stock with the insider buying would be the better choice for a swing trade and could be held for a longer period of time. The other stock would be traded, but sold more quickly for a fast profit.
This website contains Day Traders, Swing Traders, and Long Term Trend Traders. This method will not help the daytraders much, but could help our members who work a job during the day and don't have the time to actively trade all day and want a small list of stocks that can be held for longer periods of time. Also, the list here will be short, I will try to keep it between 3 - 10 picks a week, as some of our members have told me they want a smaller list to trade from. Of course, the Day Traders of the site want a long list of picks, now we have both.
Here, you''ll find a small list of longs and shorts that have corresponding insider buying and selling that validate their chart patterns.
NOTE: The stocks presented in this section are to be used primarily for swing trading (hold for days to weeks at a time). Therefore, as you will see from the tables below, once the picks breakout from the "watchlist", I typically follow them on the "Triggered List" for weeks at a time and provide daily updates to the picks once they breakout. The goal of swing trading is to stay in a postion for the majority of the trend, the daily updates will help you maximize your profits by letting your postions run to fruition.