Mastering the Screener's Company Alert Function for Better Financial Management
In our tireless pursuit of enhancing your investment returns, we've recently unveiled a powerful new capability within our stock screener: the Alert function.
This nifty tool empowers you to impose restrictions on all the metrics in the screener, and the moment they are triggered, you'll receive an email alert at lightning speed.
This guide will walk you through how you can leverage this feature to its utmost potential, with step-by-step guidance and illustrative visuals. You can choose to view the tutorial video, or proceed below for visual aids and an explanation on how alerts can serve as your radar for pivotal company shifts.
Visual Tutorial
1. Grasping the Alert Dashboard
To access this functionality, direct your attention to the left-hand side of the screener. You'll spot a new bell icon labeled ‘My Alerts'.
Click on the ‘My Alerts' icon to unveil the alerts dashboard.
It will resemble this:
Click to enlarge
In the snapshot, you'll discern:
1. Your active alerts and those that have been triggered in the past month.
2. For instance, an alert for British American Tobacco to receive notification if the closing price falls below 25.30.
3. Triggered alerts are listed in the lower section. Please take note, once an alert has been activated, it's no longer active, and you won't receive any further notifications about it. However, you can modify it to reactivate it.
2. Modifying and Removing Alerts
Managing alerts is a breeze.
To edit, simply click on the pencil icon, make your changes, and save them.
To remove an alert that's no longer pertinent, click on the trash can icon.
3. Constructing New Alerts
Fresh alerts are rafted from the company dashboard, necessitating you to initially search for the company.
For instance, let's forge an alert for Tesla.
To locate Tesla:
1. Click the magnifying glass icon
2. Enter “tesl” in the search box
3. Click on Tesla Inc
4. Click once again on Tesla Inc to unveil the company dashboard
Once Tesla's dashboard materializes, at the top right corner, you'll encounter a ‘Add alert' button.
Click on it, and a dialog box will emerge, allowing you to specify the details of your alert. Choose from an array of metrics and indicators.
Click here to commence adding ALERTS to all your investment concepts or companies within your portfolio IMMEDIATELY! – Click here
4. Establishing Alerts for Specific Metrics
In the image below, you can observe an alert for when Tesla's dividend yield exceeds 1%. Confirm, and the alert will be created.
Price alerts offer more choices
Here's what they look like:
You can configure alerts for when the price:
- Rises above a certain value,
- Falls below a certain value,
- Increases by more than a certain percentage,
- Decreases by more than a certain percentage.
Unique trailing stop loss setting – Upper and Lower
You'll notice there are two types of trailing stop losses at your disposal:
#1 Trailing stop (upper)
The upper trailing stop is a protective measure activated when the current price DROPS more than the Change % from the Highest price you specified.
However, if the High price surges past the current Close Price, it's adjusted to the higher value. Therefore, it can only ascend.
When you define a High price of 20 and a Change % of 5%, the alert will trigger if the closing price plunges below 19 (20 – (20 x 5%)) = 19).
If the subsequent day, the Close price lands at 21, the trigger price remains at 20.9.
#2 Trailing stop (lower)
The lower trailing stop is the opposite of the upper trailing stop. It comes into play when the current price INCREASES more than the Change % from the Lowest price.
However, if the Low price surpasses the current Close Price, it's adjusted to the lower value. Thus, it can only decrease.
It's your purchased insurance policy, standing guard over your investments, ensuring you're prepared for any potential downturns or upward surges. Understanding and mastering these alerts will significantly fortify your investment strategy, equipping you to navigate the tumultuous seas of the financial markets with confidence.
With a Low price of 20 and a Change % of 5%, triggering an alert happens when the close price rises above 21. Imagine a river flowing downstream, but as soon as it starts to rise, that's when the alert is tripped. Now, if the river's flow drops to 18, the alert trigger level becomes 18.9 (18 + (18 x 5%)). The alert's trigger price remains at 18.9 even if the river's flow increases slightly to 18.50. However, once the flow rises to 19, the alert is triggered as it surpasses the 18.9 threshold. It's like having a watchdog for a company's stock price, sniffing out as soon as it turns from its all-time low.
Whenever an alert is triggered, an email with the subject ‘Your alert was triggered' is sent to you. The email contains crucial details, such as the company, the triggering indicator or ratio, the entered alert value, the current triggering value, and your notes for the company.
Notes are like personal reminders for yourself, helping you remember why you set the alert and what action you intended upon its breach. It's like having sticky notes on your monitor, nudging you when something important happens.
Managing your notes is simple, and they can be easily accessed for all your company records. You can even search through your notes effortlessly, making it a breeze to stay on top of all your alerts and their associated actions.
By using the alert function in our stock screener, you can enhance your investment strategies and stay abreast of market movements. These features are designed to significantly improve your experience with our screener, and we believe they will be valuable tools in your investing journey.
If you have any questions or need assistance, don't hesitate to reach out to us through the ‘Need Help' box on our website. We are here to guide you promptly and efficiently.
Start adding ALERTS to all your investment ideas or companies in your portfolio NOW, and pave the way for a more informed and proactive approach to your investments.
