In "The Master Swing Trader", Alan Farley says two things which surprised me and I wanted to see what others thought. First, he says "Pick only one or two issues and follow them exclusively if trading time is limited to a couple of hours per week. Several hours per day presents the minimum commitment to successfully swing trade a variety of stocks. Increase the watch list size as dedicated time expands. Success comes more quickly trading 2 or 3 well-analyzed stocks than chasing 20 or 30 poorly understand ones." Does anyone agree? I've heard of traders that stick to a handful of stocks and trade in and out of them exclusively but it sounds daft to me. Why not find stocks that are moving or fit into a few patterns and trade them instead of limiting yourself to stocks which may not be doing much? Second, he says "Swing traders have two ways to locate good setups: find the stocks themselves or have someone else do it for them. Chat room picks and website scans offer great opportunities when they match individual trading styles and pose serious dangers when they donât. Always perform a personal analysis and never rely solely on someone elseâs opinion for any stock pick. Long-term success will not come from setups identified by someone else." Despite the hedging, I'm surprised to hear him mention stock picking services at all. Isn't much of the trick locating these opportunities? Does anyone think that new swing traders (such as myself) could subscribe to one of these services and still grow or will the service deteriorate the trader's skills? I've seen some good traders use newsletters like HighChartPatterns to supplement their watchlist, but each time it was a trader that was already good to begin with. What do you think?