As the name suggests, price alerts are designed to track the price of the position based on the criteria you select. By default, the closing price is what is used to determine your stop price, but you can select to base your alerts on the open, high, or low of the day instead.
IMPORTANT: Latest price is based on 30-minute intraday pricing. Latest close represents the investment’s price from midnight UTC (7pm EST / 8pm EDT).
You can add these alert types from the position card page. Just click your symbol, and then go to the Alerts section. Click Add Alert, and then select Price.
Here are the available Price Alert types:
- Percentage Gain/Loss – An alert is sent when the position’s Close, Open, High, or Low reaches the specified percent above/below the position’s entry price. This is a useful alert to use if you want to know if a position has moved a set percentage from your entry price.
- Fixed Price Above/Below – This is also known as a “Set Dollar” or “Hard Stop.” An alert is sent when a position’s Close, Open, High, or Low is below/above a specified dollar amount. This is a very popular alert type to use if you have a specific amount in mind at which you want to be alerted.
- Breakout Alert– An alert is sent when the position’s Close, Open, High, or Low reaches a new high or low for a designated time.
- Dollar Gain/Loss– An alert is sent when the position’s Close, Open, High, or Low reaches the specified amount above/below the position’s entry price. Similar to the percentage Gain/Loss, this alert is useful if you want to know if a position has gained or lost a specific amount from your entry price.