Use Alerts to Keep Up with Price Movements
Why might you need alerts?
If you are holding stock and aren’t sure when to sell, it can be a good idea to use alerts. Staring at your stock chart during trading hours to catch a good sell spot can get tiresome. A great buy-in or sell-out timing may appear at any second. This can make the best time to sell or buy easy to miss. Also, unexpected breaking news could cause a sudden price rise or dip. It may not be clear when or how something will happen that might affect stock price. Stock alerts can help you out with this—when you set an alert, you will receive a push notification when your set parameters are reached.
Pros and cons of setting alerts
Alerts can be efficient, but are not suitable for every investor.
Now, let's check out what kind of alerts you can set on Webull.
- Price Change
On Webull, you can set a price at which you want to be notified.
For example, if you put a price alert of $40, you want to be informed instantly when one of your stock holdings falls below $40 to decide whether to sell to close or buy more to lower the average cost.
- Volume
Volume shows how many people are currently trading a stock. If you receive an alert volume exceeding an unusually high point, this may signal that this stock is increasing its momentum; people are buying, creating a supporting level by the market.
- News
Get notification when a company has breaking news, such as press releases, quarterly earnings releases, top executive announcements, etc. These things can have an instant influence on stock price. As an investor, it’s crucial to pay attention to what’s happening within a company for which you hold stock.
- Sharp Rise/Fall, 52 Week High/Low
You will get an alert when the stock price moves sharply by 3% within 5 minutes. Or, if you notice a stock is hitting its 52 Week Low, you should be mindful that this company's price probably will go down further.
How can you set an alert on Webull?
- Enter the stock's details page.
- Tap on the alert button at the bottom of the page
- Fill in your parameters, and save.
- Tap Menu-Shortcuts-My Alerts to manage all your working alerts.
The Bottom Line
Whether you just bought your first stock or have been actively trading for years, the stock alert feature can be a helpful tool for everyone. Timing is crucial to investing, and it’s important to be informed before making a decision.
