Stockity has quickly become a popular platform for both beginner and experienced traders. While many users are familiar with its basic functions, the platform actually has several hidden features that can make a big difference in your trading experience. These tools aren’t always immediately obvious, but they can seriously boost your performance if used correctly. Let’s explore 5 hidden features of Stockity that you’re probably not using—but definitely should!
- Advanced Charting Tools
While Stokity offers simple charts for tracking stock performance, many users overlook its advanced charting tools. These tools allow you to dig deeper into market data, helping you analyze trends and make more informed decisions.
With candlestick patterns, technical indicators (like RSI, MACD, and Bollinger Bands), and customizable timeframes, you can enhance your strategy and improve the accuracy of your predictions. The more data you have at your fingertips, the better equipped you are to spot entry and exit points, manage risk, and predict potential price movements.
Tip: Spend some time experimenting with these charting features to understand how they can improve your trading strategies. Once you master them, you’ll notice a difference in your trades.
- Automated Alerts and Notifications
Sometimes, the market moves quickly, and you don’t always have time to monitor every single stock. That’s where Stockity’s automated alerts and notifications come in. By setting up alerts based on specific price levels or changes, you can stay updated without constantly checking your screen.
You can set alerts for when a stock reaches a certain price, when there’s a significant change in market conditions, or when certain technical indicators signal a trading opportunity. These notifications can be sent directly to your phone or email, ensuring you never miss a potential opportunity.
Tip: Use alerts to stay ahead of the market, especially for stocks you’re keeping an eye on. This feature can save you time and keep you in the loop even when you’re away from your computer.
- Paper Trading (Demo Mode)
Many new traders don’t fully realize how useful Stockity’s paper trading (or demo mode) can be. While most users are aware that demo accounts exist, they may not take full advantage of them. Paper trading allows you to practice without the risk of losing real money.
You can test different strategies, learn how to execute trades, and get comfortable with the platform—all in a risk-free environment. It’s a great way to build confidence and refine your skills before diving into live trading. And you don’t have to use your own funds to practice!
Tip: If you’re feeling unsure about your trading abilities or testing a new strategy, start with paper trading. It’s the perfect way to gain experience without the pressure.
- The Economic Calendar
Did you know Stockity broker has an economic calendar built into the platform? This is an often overlooked feature that provides a detailed schedule of key financial events that could impact the market, such as earnings reports, economic data releases, and central bank meetings.
By staying updated on these events, you can better prepare for any potential market volatility and adjust your trades accordingly. High-impact news events can cause significant price movements, and being aware of them can give you a competitive edge.
Tip: Before making trades, check the economic calendar for upcoming events that could influence the stocks you’re watching. This simple step can help you make more strategic decisions.
- Risk Management Tools
Many traders, especially beginners, don’t take full advantage of risk management features that Stockity offers. One key tool is the stop-loss order, which automatically sells your stock if it drops below a certain price, limiting potential losses. Similarly, you can use take-profit orders to lock in profits once a stock reaches a certain target price.
In addition to these, Stockity offers position sizing tools that help you determine how much capital to allocate to each trade based on your overall portfolio and risk tolerance. Using these tools effectively ensures you never risk too much on a single trade, which is essential for long-term profitability.
Tip: If you’re serious about protecting your capital, set stop-loss and take-profit orders for every trade. These features help manage risk and prevent emotional decision-making during volatile market conditions.
Final Thoughts
Stockity offers a wide range of features that can enhance your trading experience—if you know how to use them. By taking advantage of advanced charting tools, automated alerts, paper trading, the economic calendar, and risk management tools, you can boost your chances of success and trade more strategically.
These hidden features are there to help you, but many traders overlook them in favor of simpler, more obvious tools. Don’t make that mistake! Spend some time exploring these options, and you’ll see how they can transform your trading strategy and improve your results.
So, what are you waiting for? Start using these hidden gems today and level up your trading game on Stockity!