ALERTS
Make a habit of setting
alerts. They will help you find excellent risk versus reward setups. When your
alerts pop up do not just jump into your stock. Evaluate whether a good risk
versus reward setup is present. The alerts offer an opportunity to focus your
attention on a potentially good set up. But please be careful about jumping
into a stock. You should have a long list of alerts set on your platform. Below
are some suggestions on when and what to set alerts.
1) Range bound stock
If you identify a range bound stock and do not wish to watch it closely, set an alert below the support level and above the resistance level. If the stock breaks either of these levels then your alert will pop up and you can trade the stock. It might not be a good use of your time to watch the stock until it breaks this range, so you set an alert.
If you identify a range bound stock and do not wish to watch it closely, set an alert below the support level and above the resistance level. If the stock breaks either of these levels then your alert will pop up and you can trade the stock. It might not be a good use of your time to watch the stock until it breaks this range, so you set an alert.
2) Important intraday
prices
Often you will gather important intraday prices for a stock. Intraday highs and lows are excellent examples. Set an alert for them and trade off of these prices. Sometimes prices are important for multiple days.
Often you will gather important intraday prices for a stock. Intraday highs and lows are excellent examples. Set an alert for them and trade off of these prices. Sometimes prices are important for multiple days.
3) Charts
We recommend that you
check charts after the close. Set alerts for levels that you determine are
important.
4) A.M. Ideas
Often you will have more than two good ideas in the a.m. We do suggest that you focus on two stocks for the Open. For the others that you thought might be in play, set alerts for excellent entry points.
Often you will have more than two good ideas in the a.m. We do suggest that you focus on two stocks for the Open. For the others that you thought might be in play, set alerts for excellent entry points.
5) Market Levels
Set alerts for important market levels and use this information as indicators for your stocks. If a key market resistance level is met, you might consider exiting your stock until this market level is broken. Knowing and setting alerts for levels for the QQQQ’s and SPY is helpful.
Set alerts for important market levels and use this information as indicators for your stocks. If a key market resistance level is met, you might consider exiting your stock until this market level is broken. Knowing and setting alerts for levels for the QQQQ’s and SPY is helpful.
6) Important levels in
stocks
When you are trading you will recognize important price levels. You will have a better feel for important prices of the stocks you have traded than others that you just looked at a chart. You will notice important battles at levels. When you see important levels in stocks, then set alerts. You may have to wait a few days for these levels, but this will help you find excellent trading opportunities.
When you are trading you will recognize important price levels. You will have a better feel for important prices of the stocks you have traded than others that you just looked at a chart. You will notice important battles at levels. When you see important levels in stocks, then set alerts. You may have to wait a few days for these levels, but this will help you find excellent trading opportunities.
7) Yesterday’s highs and
lows
When you trade a stock the day before, you may want to trade the stock if it trades higher than yesterday’s high or lower than yesterday’s low. You may not want to watch this stock closely, so you set an alert for excellent entry prices.
When you trade a stock the day before, you may want to trade the stock if it trades higher than yesterday’s high or lower than yesterday’s low. You may not want to watch this stock closely, so you set an alert for excellent entry prices.
8) Weeks high or low
You may not want to trade a stock unless it makes a new high for the week. For instance, perhaps a stock has sold off sharply. You determine the stock should bounce. But it just can’t trade above 30 for the week. Set an alert in case it does trade above this level.
You may not want to trade a stock unless it makes a new high for the week. For instance, perhaps a stock has sold off sharply. You determine the stock should bounce. But it just can’t trade above 30 for the week. Set an alert in case it does trade above this level.
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