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Can I also use TradeStops to help me find the right point to buy a stock?

April 26, 2017buy help point right stock tradestops

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Can I also use TradeStops to help me find the right point to buy a stock?

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Yes. While TradeStops focuses primarily on trade management once you are in a trade, the triggers in the TradeStops Complete package can just as easily be used for alerting you to a desired entry price. Say for example, that XYZ is a stock you are interested in and it is trading at $40 and that you would like to buy it if it falls below $35. Just set up an alert in your portfolio as if you had bought the stock at $40 and ask TradeStops to send you alert if the price of the stock falls below $35. It’s that easy!