Alert-driven trading: how do you use alerts instead of watching?
Alerts at your levels replace screen time with intention: the market calls you when the setup is near. The discipline is acting on alerts and ignoring the chart in between.
What's your alert system?
- the alerts you set and where
- how you act when one fires
- the alert discipline that keeps you from peeking
The order types guide shows how pending orders extend the same idea.
Background: Market, limit and stop orders: which order type to use
The order types on a trading platform decide when and at what price you enter or exit. What each one does, and the mistakes that cost traders money.
What is the difference between a buy limit and a buy stop?
A buy limit is placed below the current price to buy on a dip. A buy stop is placed above the current price to buy if the price breaks higher.
Does a stop-loss guarantee the exit price?
No. A standard stop-loss becomes a market order when triggered and can fill beyond its level in a gap or fast market. Guaranteed stops, where offered, cost extra.
Comments
Log in to join the discussion. Comments follow the community guidelines.
Log in to commentLoading comments…