Trading tips: using AlertaChart well

Tools help only when you use them with a plan. These habits make AlertaChart work for you.

Keep the chart clean

Choose two or three indicators that answer different questions — trend, momentum and volume — rather than ten that say the same thing. Hide what you do not need with the eye in the indicator row.

Start from the higher timeframe

Look at the weekly and daily chart first to see the main trend and the important levels, then move to the lower timeframe to plan an entry. A multi-chart layout with the crosshair linked makes this quick.

Mark levels once, see them everywhere

Draw your key support and resistance on the daily chart and use each drawing's visibility settings to show it on the timeframes where it matters.

Let alerts do the watching

Instead of staring at the screen, set alerts at your levels: one for the entry, one for the stop, one or two for the targets. Name them with a short message so you remember why you set them.

Keep the watchlist short

Use named lists: one for today's candidates, one for long-term holdings, one for ideas to check. A focused list of fifteen symbols is more useful than a list of two hundred.

Plan the risk before the trade

Use the long and short position tools to see your risk, reward and the ratio between them before you enter. If the ratio does not make sense, skip the trade.

Practise first

Test a new idea with Bar Replay on past data and with Alerta Practice on live prices before using real money.

Keep a journal

Write down each trade: why you entered, where your stop was, how you felt and what happened. Patterns in your own behaviour are as important as patterns on the chart.

Nothing in AlertaChart is investment advice. Markets carry risk; trade only with money you can afford to lose.