TradeStops offers many features and tools to help you succeed in the market. Some are more obvious like the Stock State Indicators and Volatility Quotient trailing stops, but others a little more hidden in the program. Today, we’ll go over some tips and tricks that you might not know about in TradeStops.
The Re-Entry Rule – Trick #1
Chances are, you’ve sold a stock at some point and thought about buying it back later. Knowing when to enter the trade again can be difficult. That’s why we have the Re-Entry rule. If you change this setting to “yes,” positions which you have closed at your brokerage will be added into a “Re-Entry Watchlist” portfolio with an automatic SSI alert.
You can turn this on from the settings area. Just click your name, click settings, click Positions, and then turn the setting on.
By default, this is set to “no.” You just need to click the oval to change the setting to “yes.” Don’t forget to save your changes when you’re done.
Available Countries – Trick #2
If you’re manually adding positions in TradeStops, it might be a little confusing if you keep seeing international versions of a ticker. You’re able to turn these international tickers off if you’d like. It’s easy to do and can be done in the same positions setting area as the Re-Entry Rule.
In the photo above, you can see that we’ve turned off Australia. Just like with the Re-Entry rule, you need only click the ovals to turn them on and off. Remember to save your changes when you’re done.
Customizing the SSI Alert – Trick #3
The SSI will alert you when a stock enters the red and green zones along with three cautionary yellow zones. This can mean a lot of extra emails in your Inbox if you’re receiving all the zones. You can cut down on the clutter by making a template that excludes the yellow.
First, click your name, and then click Templates. Here you will find the default templates and any custom templates that you’ve made.
Click Add Template to get started.
The template screen will appear with a list of available alerts for the new template. Select Stock State Indicator from the options on the left. Then, you’ll need to click “Show additional settings” when the SSI options appear.
Simply uncheck any of the SSI zones that you don’t want to be alerted on. In the photo above, we wouldn’t be alerted about the yellow zone. Once you’re finished making changes, name your new template, and save it. If you click the white box for “Make Default,” this template alert will become the default for all future added positions.
What do the letters and numbers mean in the SSI boxes?
Throughout the program, we tell you if a stock is in the red, yellow, or green zone. You may have noticed that some of these colors have letters and numbers in them.
These letters and numbers tell you how long a position has been in its current SSI state. In the photo above, this means that
- Disney has been in the red zone over 5 Months
- Apple has been in the green zone for over 2 Weeks
- O Reilly has been in the yellow zone for 1 Day (as of this writing)
These letters and numbers can be a good way of determining if a stock has been performing well or poorly and for how long.
How do I know if something new has been added to the program?
We’re always striving to make TradeStops even better for you. This can mean anything from behind-the-scenes upgrades to whole new features. Usually, we’ll mention new features in product tips like these, but it’s possible that you might miss an email.
You can check for new updates to TradeStops from within the program. To the left of your name, you should see the help center along with a megaphone.
If the megaphone has a number, it means that something new has been released. In the photo above, we see 1. It means that there has been 1 new thing added to the TradeStops program that we haven’t acknowledged yet. Just click the megaphone to see what it is.
If there is no number by the megaphone, it means that you’re all caught up. Nothing new has been added to the program that you haven’t acknowledged.
Check out some of these “hidden” features today
TradeStops offers many features to help you succeed in the market. The smaller features that we discussed today can help make your TradeStops experience more efficient and productive. If you have any questions, feel free to reach out to our Customer Success Team at [email protected]
Also, don’t forget you can access our comprehensive knowledge base at anytime.
To your portfolios and stocks,
Customer Success Team