To effectively manage your risk using these alerts, you should tailor them to align with your custom trading strategy.
By setting up alerts, you can receive notifications when specific conditions are met, allowing you to take appropriate actions to mitigate risk. For example, you can configure alerts to notify you when a stock reaches a desired entry or exit point, helping you make timely trading decisions. Additionally, alerts can be set to trigger when you need to cut losses or take profits based on your predetermined thresholds.
By utilizing these customizable alerts, you can actively monitor the market and manage your risk in accordance with your trading strategy.