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.