As the name suggests, price alerts are designed to track the market price of the position based on the criteria you select. By default, the closing price is what is used to determine your stop price, but you can select to base your alerts on the open, high, or low of the day instead.
IMPORTANT: If you choose to base your alert on the Open, High, or Low of the day, we will still send your alerts at the close of the trading day. No alerts are sent intraday at this time.
You can add these alert types from the position card page. Just click on your ticker symbol, and then go to the Alerts section. Click Add Alert, and then select Price.
Here are the available Price Alert types:
- Percentage Gain/Loss – An alert is sent when the position’s Close, Open, High, or Low reaches the specified percent above/below the position’s entry price. This is a useful alert to use if you want to know if a position has moved a set percentage from your entry price.
- Fixed Price Above/Below – This is also known as a “Set Dollar” or “Hard Stop.” An alert is sent when a position’s Close, Open, High, or Low is below/above a specified dollar amount. This is a very popular alert type to use if you have a specific dollar amount in mind at which you want to be alerted. If you are looking to be alerted if the price is falling, then set it to “Below,” and the alert will trigger if it hits your specified price falls below it. Similarly, if you want to be alerted when the price is rising, then set it to “Above,” and you will be alerted when the price reaches or rises above your set price.
- Breakout Alert– An alert is sent when the position’s Close, Open, High, or Low reaches a new high or low for a designated time.
- Dollar Gain/Loss– An alert is sent when the position’s Close, Open, High, or Low reaches the specified dollar amount above/below the position’s entry price. Similar to the percentage Gain/Loss, this alert is useful if you want to know if a position has gained or lost a specific dollar amount from your entry price.
NOTE: Breakout Alerts and Dollar Gain/Loss Alerts are only available in Plus and Premium subscriptions.