Keeping tabs on the stock market often means different things for different investors. Some people simply want to know when certain stocks will hit certain prices. Others can’t afford to miss a moment, and need to watch the developments of different markets all day every day. As a self-made entrepreneur, you’re probably no stranger to risk, and may already be tied up in the world of stock trading. Here’s how you can monitor your stocks more closely.
First of all, set up email alerts through your broker or another online service. There are many alerts services out there, and choosing the right one for you all depends on the information you require. For example, alerts from ETrade will give you price changes, earning reports, and Securities and Exchange Commission filings. Insiderslab will provide you with real-time updates on insider buying activity instead. An example of insider activity would be a high-ranking executive buying shares in their own company. In most cases, this is a sign that the company’s going to be successful in the near future. By using the right services for digital alerts, you’ll know what the best moves are, and the most cost-effective times to make them.
Email updates can be very useful. However, they can lead to you missing fleeting opportunities if your investing is a little more fast-paced. If you need updates minute by minute, there’s other kinds of services you can use. Try installing Personal Capital on your computer. This program comes has a free version, but like most free versions it won’t let you do much. With the full, paid version of Personal Capital, you’ll have access to real-time price updates right on your PC screen. You can customise the way Personal Capital works to suit you, and utilise a variety of different charting indicators. Odds are you’re not a full-time trader, but you can still run this software in the background while getting on with other work. You can even set specific alerts which will pop up whenever a given price or chart changes.
In the modern day, there’s all kinds of helpful software for monitoring stocks. No matter how many of these services you’re using, you still shouldn’t neglect financial journals. Programs and email alerts will only give you the raw data. Business and investment journals, on the other hand, give much more insightful information. Just look at the apple stock news here. This looks deep into the company, exploring their past developments, and predictions for the near future. Such journals might be a little hard to understand right now. However, as you become more involved in stock trading you’ll find their features extremely useful. Remember to read from a variety of different sources though. Any publication will get things right and wrong at times, so don’t get dependent on a single blog or news platform.
With modern technology, monitoring your stocks is now easier than ever. There are traders who do perfectly well using a single method, but I recommend using a variety. This is the best way to figure out what works and what doesn’t for your business.