Saturday, September 22, 2012

Trading with Alerts & Triggers

There are one or two big breakout winners every day, but how do you number find them and how do you get into them as they are breaking out and before they make a big run up.

Well I will give you one of my secrets. I trade with Alerts & Triggers. For example on this DNDN trade below - I set my system to alert me when DNDN reached a Level 1 bid of 4.90 or greater. At that mark my system triggered a buy order of predetermined shares I set in the alert. I instantly was long. The reason I set the alert was DNDN tested 5.00 earlier in the week and sold off. I knew it would retest that and go thru. Just a matter of when. So instead of watching it all day - I watch over 20 stock setups - so it's impossible to watch all 20 I set up an Alert & Trigger - I then averaged up on DNDN after it broke 4.95 and bought more at 4.98 - selling at 5.10 - DNDN followed thru to 5.50

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