How to reduce risk with price alerts
I've thoroughly tested Ally Invest services with our analyst team by opening a real-money account and these are my most important findings:
- Risk management is an important aspect of trading and investing
- With price alerts, you can spot unusual swings in an asset's price and take appropriate action
- Price alerts are available at Ally Invest
Are you one of those investors who buys stocks for a 20-year horizon, yet keeps checking back several times a day to make sure a stock you own hasn't started nosediving, or to see whether a coveted stock is now cheap enough to buy?
Fortunately, many brokers have a convenient tool to help you kick this habit: price alerts. You can set one up simply by entering an alert price (either a specific price or a percentage below or above the current price). If the stock hits that price, it will trigger an alert that you'll see on your phone or computer, allowing you to log in and buy or sell the stock as you see fit.
Price alerts may seem like a no-brainer, but unfortunately not all brokers offer them, or not across all devices and platforms; and even if they do, sometimes they're hard to find or a pain to set up. Read on to discover how Ally Invest fares in this regard.
To find out more, read our in-depth guide to risk management, where we discuss various types of risks, as well as popular broker tools to handle them.
Are price alerts available at Ally Invest?
Yes, price alerts are available at Ally Invest's web trading platforms.
|💰 Ally Invest web price alerts||Yes|
|💰 Ally Invest mobile price alerts||No|
|💰 Ally Invest withdrawal fee||$0|
|💰 Ally Invest minimum deposit||$0|
|💰 Ally Invest inactivity fee||No|
|📃 Ally Invest deposit methods||Bank transfer|
|🗺️ Country of regulation||USA|
|🎮 Ally Invest demo account||No|
Data updated on October 10, 2023
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