Setting Price Alerts

Each day before the market opens I try to get a better sense of where stocks will open and I go through my watchlist for the day again.  Many of the stocks I look at are “B” & “C” list stocks which are not mentioned in the video the evening before.  These stocks simply need more time to setup before they are likely to be a good trade candidate.  My process is to try to identify potential trigger points for momentum and then set alerts a few pennies below the action point.  This allows me to consider a larger universe of stocks without having to watch them closely.  I will expand more upon this in future videos.  The list is usually not completel until about 5 minutes before the open each day.