pshah62- this is right from the FAQ on the website, it
explains what those pop out alarms are
What are the Pop-Up Alarms in the Trading Community?
Below is an answer that was posted on the Trading Community
by Matt. You can access the direct post on the Trading
Community using the Search feature.
Below is an image from the 'Trading Community' Blog from Feb 1st
showing a bunch of pop out alarms for our trade ideas from that
day.
Apparently there is some confusion as to how these alarms work
and why they go off at certain prices, therefore let me to to
clarify how it works. First off Steve and I do not manually
send these alerts out, they are preset ahead of time near trendline
resistance or breakpoint areas.
We display if we have an alarm set for a Trade Idea as well
as what levels we have set on the
Watch List page. These alerts work just like the
alarms that you can set in your brokerage account. Also these
alarms are NOT buy and sell signals, they are simply alarms to put
you on alert you that a breakpoint is approaching and to get your
attention. You should not automatically buy or short a stock
based on an alarm, it's simply to alert you that the stock is
nearing a breakpoint and to put you on attention to look at it. The
alarms work just like the alarms work that you can set in your
brokerage account.
The alarms are always set early, below the breakpoint resistance
for longs, so that you have time to look at them and react and
decide if the stock looks ready to breakout or not, does it have
good volume, does it fit your criteria or not. Again the
alarms are not intended for you to just automatically buy or short
a stock, it's to alert you to have a look at it, and works just
like alarms that you can set in your own brokerage account.
For example, let's say that we have a stock with an breakpoint
resistance at 78.3 (see WFM chart below as an example), I might set
an alarm to go off at 78.23 or 5 - 10 cents below the
resistance.
Also as you know, we often advocate buying the long ideas inside
the pattern when there is a good reason to do so, such as the stock
has pulled back to some logical support and thus your stop can be
really tight, vs waiting for the stock to breakout and you have a
higher risk. The reason I bring this up is because we cannot
set alerts for support areas for Longs, we can only set alerts near
resistance for Longs, therefore this is why you MUST do your home
work ahead of time and NOT totally rely on these alerts.
The most successful way to play our trade ideas is to do some
homework on your own, spend 15 min at night or in the morning
before the market opens, write some notes down in your trading
journal/notebook, such as which ones are your favorites and add
notes about support/resistance, and volume. That way when an
alarm or alarms go off intra day, when you see it you are already
prepared and you know what the pattern is, and if you like the
stock or not! Basically just like in school, do your homework
and study, and you will do well on the tests. Trading is the
same way, if you don't do any homework and watch TV all night, and
then come in the market every day unprepared, then when alerts go
off, you are like a deer in the headlights.
Steve and I spend all day in here on the blog and these nightly
newsletters take us 3 - 4 hrs a night, so we put in a LONG day, we
are doing all the hard work for you, all we ask is that you spend
10 - 15 min a day to prepare, and you will see this returned 10
fold back to your accounts!
pshah62- you should also have received a welcome email from the
website when you signed up. I'll go ahead and send that to you
again. I have an extensive write up there with 4 videos, walk
through of the website, I go over everything, even the systems.
Please check your email later and read that and watch those
videos
Please Note:The list of tables below are ported
directly from the nightly newsletters. This section is simply
meant as a condensed list where you can see all the trade ideas in
a simple tabular form from all the recent newsletters.
There are two tabs, one for ‘New Ideas’ and
one for follow up on recently trade ideas. When you click on the
stock symbol, you will be brought to a page for that particular
stock where you can play our recent audio comments and additional
information.
Remember these ideas are simply a list of trade ideas for you to
choose from if they meet your risk tolerance and preferences. They
are not buy and sell recommendations.
Also the alarm pop up windows are simply alert prices that
we set near the ‘breakpoint’ areas of the stock, they are simply
alarm prices and not direct buy and sell signals.
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I am completely new to
Posted by pshah62 on 16th of Sep 2020 at 10:38 am
I am completely new to stock market and may sound stupid but what is 'alarm price ' means in trade ideas?
pshah62- this is right from
Posted by matt on 16th of Sep 2020 at 10:48 am
pshah62- this is right from the FAQ on the website, it explains what those pop out alarms are
What are the Pop-Up Alarms in the Trading Community?
Below is an answer that was posted on the Trading Community by Matt. You can access the direct post on the Trading Community using the Search feature.
Below is an image from the 'Trading Community' Blog from Feb 1st showing a bunch of pop out alarms for our trade ideas from that day.
Apparently there is some confusion as to how these alarms work and why they go off at certain prices, therefore let me to to clarify how it works. First off Steve and I do not manually send these alerts out, they are preset ahead of time near trendline resistance or breakpoint areas. We display if we have an alarm set for a Trade Idea as well as what levels we have set on the Watch List page. These alerts work just like the alarms that you can set in your brokerage account. Also these alarms are NOT buy and sell signals, they are simply alarms to put you on alert you that a breakpoint is approaching and to get your attention. You should not automatically buy or short a stock based on an alarm, it's simply to alert you that the stock is nearing a breakpoint and to put you on attention to look at it. The alarms work just like the alarms work that you can set in your brokerage account.
The alarms are always set early, below the breakpoint resistance for longs, so that you have time to look at them and react and decide if the stock looks ready to breakout or not, does it have good volume, does it fit your criteria or not. Again the alarms are not intended for you to just automatically buy or short a stock, it's to alert you to have a look at it, and works just like alarms that you can set in your own brokerage account.
For example, let's say that we have a stock with an breakpoint resistance at 78.3 (see WFM chart below as an example), I might set an alarm to go off at 78.23 or 5 - 10 cents below the resistance.
Also as you know, we often advocate buying the long ideas inside the pattern when there is a good reason to do so, such as the stock has pulled back to some logical support and thus your stop can be really tight, vs waiting for the stock to breakout and you have a higher risk. The reason I bring this up is because we cannot set alerts for support areas for Longs, we can only set alerts near resistance for Longs, therefore this is why you MUST do your home work ahead of time and NOT totally rely on these alerts.
The most successful way to play our trade ideas is to do some homework on your own, spend 15 min at night or in the morning before the market opens, write some notes down in your trading journal/notebook, such as which ones are your favorites and add notes about support/resistance, and volume. That way when an alarm or alarms go off intra day, when you see it you are already prepared and you know what the pattern is, and if you like the stock or not! Basically just like in school, do your homework and study, and you will do well on the tests. Trading is the same way, if you don't do any homework and watch TV all night, and then come in the market every day unprepared, then when alerts go off, you are like a deer in the headlights.
Steve and I spend all day in here on the blog and these nightly newsletters take us 3 - 4 hrs a night, so we put in a LONG day, we are doing all the hard work for you, all we ask is that you spend 10 - 15 min a day to prepare, and you will see this returned 10 fold back to your accounts!
pshah62 - you should also have
Posted by matt on 16th of Sep 2020 at 10:52 am
pshah62 - you should also have received a welcome email from the website when you signed up. I'll go ahead and send that to you again. I have an extensive write up there with 4 videos, walk through of the website, I go over everything, even the systems. Please check your email later and read that and watch those videos
Thanks
Posted by pshah62 on 16th of Sep 2020 at 11:31 am
Thanks
Reply
Posted by steve on 16th of Sep 2020 at 10:48 am
Trade Ideas:
Please Note:The list of tables below are ported directly from the nightly newsletters. This section is simply meant as a condensed list where you can see all the trade ideas in a simple tabular form from all the recent newsletters.
There are two tabs, one for ‘New Ideas’ and one for follow up on recently trade ideas. When you click on the stock symbol, you will be brought to a page for that particular stock where you can play our recent audio comments and additional information.
Remember these ideas are simply a list of trade ideas for you to choose from if they meet your risk tolerance and preferences. They are not buy and sell recommendations.
Also the alarm pop up windows are simply alert prices that we set near the ‘breakpoint’ areas of the stock, they are simply alarm prices and not direct buy and sell signals.