Stock trading triggers are a pretty simple concept, but they can be surprisingly hard to come by.
The concept is that if you have a system that helps you make a profit in buying and selling stocks, you have triggers within that system that help you understand when you need to make a move. Almost any brokerage account will allow you to set up alerts with stocks; however, most of those alerts are limited.
In other words, if the stock price goes above or below a specific price point, you will get an email alert telling you what happened. That’s perfectly fine if the stock price were the only thing you are looking at to determine whether to buy or sell something. If that’s all you’re looking at, you’re doomed for failure or at least minimal success.
When I originally built my system that I use for telling me when to buy a stock and when to sell it, I had three particular things that I looked at and only looked at those three things. The hard part was getting a system to plot my triggers when they happen instead of me having to do it manually. (I did it manually for ten years).
With the help of an excellent programmer, I was able to build a chart and then insert my triggers into the table to make it easy for me to see at a glance.
Keeping it simple (I love simple. Don’t you?), I am now easily able to see how the triggers work and use those to tell me when to buy and when to sell. This keeps us from guessing and also makes it, so I only have to glance at the stocks on my watch list and the ones I own once a day.
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