Use Trade Alerts To Capture Big Moves With Thinkorswim - Creating The Alert
  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

Use Trade Alerts To Capture Big Moves With Thinkorswim - Creating The Alert

Whether sifting through charts or running a stock screener (also available in Thinkorswim via the Scan tab), inevitably the alert function will come in handy.

One of the easiest ways to set an alert is right from the chart you are looking at. Right-clicking anywhere on the chart will bring up a menu. Hover over "Alert" and select "LAST."

Figure 2 - Set-up Alert


Selecting "LAST" means you are setting up an alert to notify you when the most recently printed price hits the price you specify. This will bring up another window - the Alert window. This window can also be manually accessed by going to the MarketWatch tab and then selecting Alerts. If you came from a chart, the stock symbol should already be inputted, if it isn't, then you can manually pull up a quote by entering the symbol in the upper left section of the window.

In the Alerts window near the bottom of the window, there is a section called "Alert Entry." This is where you input the alert and can customize options.

Figure 3 - Alert Entry


This alert is set for a "stock," Microsoft (Nasdaq:MSFT) and will be triggered when the last price is at or above $32.90. Based on the example shown in Figure 1, such an alert would notify the trader when the stock is approaching the 52-week high. The alert can be altered so that Trigger is "Above" or "At or Above," "Below" or "At or Below." The price can easily be changed by typing it in the box or scrolling with the arrows.

You will also want to set up how you are notified when an alert is triggered. This is done via the Alert Setup button in the upper right hand corner of the Alert Entry sections (see figure 3).

Figure 4 - Alert Set-up


In the alert setup, under Notify About, select "Alert is Triggered" and "TOS Announcement." Just to the right of that, under "Settings for Alerts," select "Sound on Trigger" (if you have the platform open) and "Send Email." In order to send an email, you will need to input your email address in the slots provided. Click "OK" when finished. Once the alert is set up, click "Create alert" in the lower right hand corner of the Alert Entry section and your alert is set.

The alert will show up in the Alert Book just below the Alert Entry section. If the alert needs to be adjusted simply right click on the alert and select Cancel/Replace Alert. This will allow you alter the order and re-enter it. Multiple alerts can be placed by going through the process outlined above.

Use Trade Alerts To Capture Big Moves With Thinkorswim - Conclusion

  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


RELATED TERMS
  1. Tactical Trading

    A style of investing for the relatively short term based on anticipated ...
  2. Paper Trade

    Using simulated trading to practice buying and selling securities ...
  3. Vertical Line Charting

    A technique used by technical traders and market technicians ...
  4. Ring Trading

    The method by which certain types of investment business is conducted ...
  5. Demo Account

    A trading account that allows an investor to review and test ...
  6. Technical Analysis of Stocks and Trends

    The academic study of historical chart patterns and trends of ...
RELATED FAQS
  1. Can you invest in mutual funds on E*TRADE?

    E*TRADE allows investors to invest in thousands of mutual funds through its investment platform. E*TRADE has over 8,000 leading ... Read Full Answer >>
  2. Can you invest in mutual funds on Scottrade?

    Scottrade, Inc. offers investors a versatile selection of mutual funds in which they can invest. Scottrade allows investors ... Read Full Answer >>
  3. What happens if a software glitch fails to execute the strike price I set?

    If you've ever suffered the frustrating experience of having an order not filled or had a strike price fail to execute because ... Read Full Answer >>
  4. How important are seasonal trends in the automotive sector?

    The automotive industry has some definite seasonal trends, with peak demand occurring in the spring and fall, and lowest ... Read Full Answer >>
  5. What is the difference between business intelligence and competitive intelligence?

    Competitive intelligence is the act of understanding a company's industry and industry rivals so the company can make better ... Read Full Answer >>
  6. What seasonal trends exist in the metals and mining sector?

    There are strong seasonal tendencies in the metals and mining sector. The seasonality of the mining sector is primarily driven ... Read Full Answer >>
Hot Definitions
  1. Presidential Election Cycle (Theory)

    A theory developed by Yale Hirsch that states that U.S. stock markets are weakest in the year following the election of a ...
  2. Super Bowl Indicator

    An indicator based on the belief that a Super Bowl win for a team from the old AFL (AFC division) foretells a decline in ...
  3. Flight To Quality

    The action of investors moving their capital away from riskier investments to the safest possible investment vehicles. This ...
  4. Discouraged Worker

    A person who is eligible for employment and is able to work, but is currently unemployed and has not attempted to find employment ...
  5. Ponzimonium

    After Bernard Madoff's $65 billion Ponzi scheme was revealed, many new (smaller-scale) Ponzi schemers became exposed. Ponzimonium ...
  6. Quarterly Earnings Report

    A quarterly filing made by public companies to report their performance. Included in earnings reports are items such as net ...
Trading Center