Trading Triggers

Trading Triggers

 

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 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 setup alerts with stocks, however, most of those alerts are limited.

In other words, if the stock price goes above or below a certain price point, you will get an email alert telling you that happened. That’s perfectly fine if stock price were the only thing you are looking at in order to determine whether to buy or sell something. If that’s all you’re looking at, you’re doomed for failure (or at least very limited 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 3 very specific things that I looked at and only looked at those three things. The hard part was getting a system to actually plot my triggers when they happen instead of me having to do it manually. (I did it manually for 10 years.)

With the help of a very good programmer, I was able to build a chart and then insert my triggers into the chart 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.

If you haven’t already, this is another reason to enroll now.