1. Use Trade Alerts To Capture Big Moves With Thinkorswim - Introduction
  2. Use Trade Alerts To Capture Big Moves With Thinkorswim - Alerts
  3. Use Trade Alerts To Capture Big Moves With Thinkorswim - Finding The Right Stocks
  4. Use Trade Alerts To Capture Big Moves With Thinkorswim - Creating The Alert
  5. Use Trade Alerts To Capture Big Moves With Thinkorswim - Conclusion

Thinkorswim Alerts
Alerts can be set and used for different functions, but most traders use them to be notified when a critical level is being approached in a stock.

Assume that over the last month a stock has bumped into $50 on several occasions, but cannot break above it. You could set an alert at $49.90, which will notify you when this price is reached. The stock can then be watched to see it breaks through $50 - a potential breakout.

Another alternative is to set an alert just beyond the breakout price, $50.15 for example. Using this method, when you receive the alert you know the stock has already broken through resistance and you can trade accordingly.

If the Thinkorswim program is open, you can create alerts which "pop-up" on your screen. The pop-up window will notify you when an alert has been triggered. This is good for day traders or swing traders who are actually sitting at their computers during the trading day.

SEE: Introduction To Swing Trading

Email alerts can also be set up. This means you don't need to be sitting at your computer or have Thinkorswim open in order to receive an alert. When the alert price is triggered, you will receive an email notifying you. If required, you can then log in to Thinkorswim Desktop or access your account online or via smart phone.

Finding stocks and setting up these alerts are the next steps and can be done quickly and easily.


Use Trade Alerts To Capture Big Moves With Thinkorswim - Finding The Right Stocks
Related Articles
  1. Trading

    Use Trade Alerts To Capture Big Moves With Thinkorswim

    Using Thinkorswim alerts can keep you from missing those big move trades.
  2. Financial Advisor

    Will the Global Terror Threat Sink Airline Stocks?

    A climate of security threats has led the State Department to issue a global travel warning, and airlines are feeling the pain. How have past alerts affected airline stocks?
  3. Tech

    Top 4 Apps for Forex Traders

    Discover some of the most useful and popular smartphone applications available to assist forex traders in staying on top of the market and mobile trading.
Frequently Asked Questions
  1. When are Beneficiaries of a Will Notified?

    Learn when the beneficiaries of a will must be notified, and understand how this requirement varies depending on whether ...
  2. Why Does Larry Page Pay Himself a $1 Salary?

    Google co-founder Larry Page continues to take an annual salary of only $1 as chief executive officer.
  3. What is Common Stock and Preferred Stock?

    Learn about the differences between common and preferred shares. Explore situations where preferred shares have more favorable ...
  4. Can CareCredit be Used for Family Members?

    Learn more about the available options that CareCredit offers to pay for out-of-pocket medical procedures with little to ...
Trading Center