Smart Alerts is one of my favorite tools in the SprinkleBit Premium Subscription. This feature lets you set alerts that trigger when a stock reaches a predetermined price level and when users of your choice execute trades. This is extremely helpful and something investors have been wanting for years. SprinkleBit’s iOS App even enables you to receive push notifications straight to your iPhone or iWatch. Let me show you how.
I recommend starting by setting up your preferred notification settings. Hovering over your profile picture in the top right corner will bring up “Notifications”. Here you can manage your preferred notification type. I like using website notifications for when I am by my desk, and App notifications for when I am on-the-go.
Accessing Smart Alerts
Once signed up for the Premium Package, hover over “Premium” in the navigation bar and click “Alerts” to bring up the Alert Dashboard.
From the Alert Dashboard you will be able to see which Alerts that are currently active, as well as set new alerts on users and stock price. From the dashboard you can edit your Alerts or use the toggle button to turn Alerts On or Off. If you wish to set up a new alert, click the “New Alert” button towards the top right corner.
Smart Alerts on Users
Clicking the “New Alert” button will bring up the window below. The search window enables you to search for and set Alerts on anyone in the SprinkleBit community. Simply search for, and click on the trader you wish to get notifications from.
Once you have found a user you wish to follow, go ahead and set up which notifications you wish to receive. You can choose whether you want notification only for “buy orders”, “sell orders” or both. Following experienced traders is a great way to learn when to buy and sell, as well as getting notified when it is time to take position in, or get out of a stock.
When your Alert is set you will be able to view it in the Alert Dashboard. You can also customize how much of your portfolio you wish to allocate to each of the traders you follow.
As your favorite traders execute trades, you will be notified in real time in accordance to your notifications settings. Here is an example of a Smart User Alert I received on my iPhone.
From here, you can copy the trade through the “Re-Trade” feature if you wish. Simply click the Re-Trade button to bring up the Re-Trade Dialog to place your trade.
Smart Alerts on Stocks
The ability to set Smart Alerts when a stock reaches a certain price is another extremely helpful feature. Here is why:
All stocks have key levels of support and resistance that investors and analysts pay close attention to. Support and resistance represent key junctures where the forces of supply and demand meet. If a stock is approaching an important support level, it can serve as an alert to be extra vigilant in looking for signs of increased buying pressure and a potential reversal. If a stock is approaching a resistance level, it can act as an alert to look for signs of increased selling pressure and potential reversal. If a support or resistance level is broken, it signals that the relationship between supply and demand has changed.
To set a Smart Alert on a specific stock, start by bringing up the search field. This is done exactly the same way as with Alerts set on users. Type in, and click on the stock you wish to receive Alerts on.
Clicking on the stock will bring up the Stock Alert dialog. From here you can set what price you wish your Alert to trigger at by adjusting the slider or typing it in manually. Once you have decided on a price trigger, simply click “Set Alert”.
After setting your alert you will get an overview of all your alerts in the dashboard, as well the progress to each alert. Once an alert is triggered, the toggle will switch to “Off”. If you wish to use this alert again, you can turn it back to “On” at any time. You can also edit your alert if you wish to use a different price than previously set.
Here is an example of a Smart Price Alert I received on my iPhone, as Nike approached what I believe to be the current resistance level.
From here, you can decide whether you want to make a trade or to just keep following the price of the stock.
Using technology to your advantage is a great way to gain an edge in the markets. Keeping track of where a number of different stocks are trading, at any certain time is difficult even for experienced traders. SprinkleBit’s Smart Alerts has helped me in a tremendous way. With this feature, I never miss when my favorite traders execute a trade or when a stock hits a key level, even when I am on-the-go.
Smart Alerts is just one of the tools you get in the SprinkleBit Premium Package for only $9.95 / month. For the cost of two cups of coffee, SprinkleBit Premium will not only equip you with tools to make better investment decisions but it can also save you money. Sound to good to be true? Click below to find out for yourself.