Setting Trade Alerts
Nov 2, 2017
Trade alerts are very useful when set at a support level or near a breakout level. It’s not possible to watch every stock in your watchlist without an infinite amount of monitors. I set alerts slightly above a support level so I know to check the stock and see if it starts bottoming.
With the thinkorswim iOS app I get notifications when the alert is hit. Setting the price slightly above is necessary because sometimes the alert is delayed a few seconds. It may not seem that important but it is.
thinkorswim
Use “LAST” instead of “MARK”. This is very important because sometimes “MARK” does not trigger the alert. Several times I’ve seen the price go above the alert and it would not go off.
Trader Workstation
I prefer to use ToS because that’s where I do all my charting and it’s just easier that way. TWS works just as well though.
Disclaimer
I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.