Trading stock is very competitive as most stock markets change very quickly. One of the most important way to make high return on the stocks is to have some advantage on other competitions to get the quickest information on the major change in the market. Free stock alerts can be a quick source of information about major changes in the market. This article offers a comparison between available free stock alert platforms that are currently available for investors. The reliability of the free stock alerts will be reviewed and the opportunities on how to use the free stock alert will be under analysis.
There are plenty of free stock-alert services to choose from, each with its own strengths and weaknesses. Yahoo Finance gives excellent money-and-business news coverage and detailed stock data. The search function can be kicked into high gear. Robinhood gives you real-time alerts and integrates with its trading platform. Nothing beats beating the competition to the punch. It’s ideal for jumping onto trades. Investing.com gives you mountains of data and the ability to customise your alerts down to the tick of the second. Granularity? You’ve got it – as much as you wish to manage. Then there is StockTwits, an all-in-one play on word and concept: the Stock Twitter that will give you stock alerts. Or so you hope. Any service that uses social media to give you stock alerts is going to be a daily dose of community hustle gone wild. But real-time ‘group think’, good or bad, is baked in.
This is an ongoing problem, the accuracy of alerts from some of these platforms has a wide range. On the positive side we haven’t found any historical inaccuracies from Yahoo Finance whose alerts are largely driven by their massive data-processing power. However, some users of the site point to delayed notifications. Real-time alerts are provided by Robinhood, but the alerts are for users of its stock-buying platform. Though the service is wholeheartedly recommended for Robinhood users, new investors on other platforms would have to factor the liquidity of the stock into their decisions. Its alerts are accurate and detailed but can be too much to take in for novice traders Investing.com also provides alerts, and it is one of the more often recommended sites because they are accurate, reliable and very detailed. Its alerts come in a flurry for stocks with specific movement at selected times, and can overwhelm a novice user with vast information, even before he has divided his initial thousand-dollar investment. StockTwits provides investing information from a community platform, so to some extent peer verification takes place, but the alerts can easily be speculative in nature, more driven by hunch rather than a data-driven response. Investors must cross-reference email alerts from at least two or three platforms so that, at the very least, they know that they will not be acting on wrong or stale information.
To help enhance the value of free stock alerts and open their benefits to the widest potential, he advises a multi-pronged approach. Alerts should be tailored so that you’re not getting every alert for every company, as you’ll likely be flooded with data from unwanted companies and triggers. Also, you might want to use several different data platforms to give you a diversified view. This helps you get a more vibrant view of the market environment and helps confirm the credibility of alerts. Alerts should not be delayed: as soon as you get information on a company of interest to you, you can begin your due diligence right away, but it must be done quickly. Implementing the information should be approved with your predefined trading framework – particularly any automatically triggered selling limits to avoid significant losses. Alerts also should be used to supplement other trading goals but not be taken as a panacea – you don’t need to abandon your other strategies just because you received an unusual alert.
These free stock alerts are potentially valuable tools that can help individual investors get the data on market trends they need, when they need it. You can get alerts from a number of different sources, and each will promise something slightly different in terms of types of alerts, level of accuracy and features. Even so, with thoughtful use, stock alerts can help you improve your trading. Free stock alerts can be fine-tuned and filtered to make sure they meet your needs, and you can check them against other sources for confirmation of information. Once they’re set up, an alert can fit within an overall investment plan. These strategies can make alerts a tool to help improve your trades and ensure you come out like a winner when you dive into the often-stormy and ludicrously pretty stock scenes.