December 15, 2005
Other use of Trade-Ideas screens
Trade-Ideas software can be used for several things.
Certainly its primer role is to alert you for stocks that are moving, dropping, consolidating...
Why i like trade ideas ?
Because any new trade ideas can be translated in a combination of alert and filters.
I like it also because as i said in the topic, trade-ideas can help you for others tasks.
Example : Monitoring your portfolio positions.
Its easy to track any changes in your portfolio stocks.
- Create a new screen and call it Portfolio Track
- Edit symbol list and add only your portfolio symbols
- Uncheck all filters
- Add some alerts, add for example alerts stock making 15 minute and stock drop by more than 5%.
You can now check everything that happen in your portfolio stocks.
You can react quickly to close positions, buy more shares...
I already use it to track my positions, i configured trade-ideas to play a sound when it alert me and then
i can quickly see what happening to the stock.
I put very few alerts, only two alerts that i think are important so i am not always disturbed by something meanless.
Its particulary useful when you have many positions.
And thanks to this track screen, i can concentrate on others things during the day without always looking at my stock graphs.