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| Hey There Fellow ChartWatchers |
Putting on a new trade is easy. The hard part is following that trade, monitoring that position and sticking to your system. Especially in a fast-paced market like we have here today, staying on top of your open trades is positively crucial.
So on this week's edition of "StockCharts In Focus", we're showing you how to track entry points, stop levels and price targets directly on your charts. This is one from my very own toolkit, so I'll explain how I use this exact chart setup trick to follow my own trades all the way from potential target to active position.
Putting those key price levels front and center on your screen not only enhances your position management, but also saves you time. Instead of sifting through your notes to see where you set that stop or logging into your brokerage account to remember what price you got in at, all you'll have to do is check the chart.
Knowing the value of solid monitoring routines, these are some of the tools I simply refuse to trade and invest without - and I'd argue that you shouldn't either!
Click the thumbnail below to watch now.
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| Chart on, my friends. |
| Grayson Roze |
VP of Operations, StockCharts.com
Author, Trading For Dummies
Author, Tensile Trading |
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| UPCOMING GUESTS |
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| WATCH LIVE → |
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| Smarter Investing Starts Here. |
| As a StockCharts Member, you unlock all of our most powerful tools and features, including saved charts and settings, custom scans, technical alerts and much more. Discover all that StockCharts can do with our free 1-month trial and start charting like a true market pro. |
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