The market has been more volatile lately, and you may have been stopped out of some of your positions. If you’ve since sold the positions, you may wonder when might be the best time to invest in the equity again.
With TradeStops, we make knowing when to re-enter a position easy. All it takes is having your closed positions sent to a re-entry watchlist. Let’s login and learn how to do that.
Re-Entry for Synced Portfolios
TradeStops lets you import your positions from many brokerages. When you close a position at your brokerage, the data is automatically transferred to your closed positions tab.
But – you can also have this information automatically added to your re-entry watchlist. Like we mentioned earlier, this is particularly helpful if you plan on entering the position again in the future.
If you want to have this automatic re-entry watchlist created, you simply need to turn on the option from your program settings. First, click your name in the upper right-hand corner of the TradeStops program, and click Settings. Next, click Positions in the side menu that appears.
On the right side of the screen, you’ll see several options for your positions. Under Closed Positions, you should see “Re-Entry for Synchronized Portfolio.”
Re-Entry for Manual Portfolio
When you manually close a position in TradeStops, you’ll get the option to add it to a re-entry watchlist.
Simply make sure you have chosen Yes for “Set SSI Alert,” and the position will be added to your re-entry watchlist with an SSI alert. Just like with the synced option, you’ll get an email when the position enters the green zone again.
Where Do I Find the Re-Entry Watchlist?
You can find the re-entry watchlist on your Portfolio tab:
Remember, the portfolio tab in TradeStops has two tabs on top. Since the re-entry watchlist does not contain positions that you currently own, it will be under the Watch Only tab. If you want to view the positions in that portfolio, simply click the portfolio name.
Why Do the Positions Show as Open on the Re-Entry Watchlist?
Though this re-entry watchlist contains positions that you have closed, it is acting as a “new” portfolio of investments that you’re considering investing in. Since the positions are “open,” you’re able to get alerts for them. If these positions were in the closed section, you would not get an email telling you when it’s safe to re-enter the position.
Set Up Your Re-Entry Watchlist Today To Re-Enter a Position
Setting up your re-entry watchlist is easy – whether you sync your portfolio or do it manually. This watchlist can help you save more and risk less by letting you know the optimal time to re-enter a position without fear, greed, or guesswork getting in the way.
If you need help with your re-entry watchlist, feel free to reach out to our customer success team. They’re always happy to help and can be reached at [email protected].
To your positions,
Customer Success Team