When you're an active investor, it can be challenging to monitor your portfolio 24/7. Unexpected market movements can happen at any time, and you need a way to stay informed and react quickly, even when you're not glued to your trading platform.
Fortunately, XTB offers two powerful tools to help you maintain control over your investments - price alerts and stop loss orders.
Price Alerts
Setting up price alerts on XTB's xStation 5 platform is incredibly easy. Simply right-click anywhere on the chart and select "Price Alert". This will open a window where you can specify the price level and condition (e.g.BID/ASK price is above 50.00) that will trigger the alert.
Once configured, your alert will appear in the "List of price alerts" at the top of the platform. You can easily modify or disable the alert at any time. Price alerts can help you effectively manage your positions and plan your trading day, as they'll automatically notify you when the market reaches important levels.
Stop Loss Orders
Another essential risk management tool offered by XTB is the stop loss order. This allows you to automatically sell some or all of your holdings if the price falls below a certain level. It acts as a safeguard against steep, sudden drops, helping to minimise your potential losses.
When setting a stop loss, make sure not to be too conservative - putting the order too close to the current market price may trigger an unnecessary sale, causing you to miss out on a rebound. As a long-term investor, you should expect normal temporary declines, so allow some reasonable buffer room.
In addition to stop loss, XTB also provides other order types like limit and trailing stop orders to give you more control over your trades
By leveraging XTB's price alerts and stop loss orders, you can stay on top of your investments and manage your risk, even when you're not actively monitoring the markets. These powerful tools allow you to remote-control your portfolio and react quickly to changing conditions, giving you peace of mind whether you're at your desk or away from your trading platform.
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.