Introduction: Beyond Basic Trading
Once you've mastered the basics of placing trades and monitoring positions, the real power of sophisticated portfolio management comes into focus. Advanced traders don't just react to market movements—they systematically optimize their portfolios using data-driven insights, automated workflows, and comprehensive performance tracking.
This guide explores the professional-grade features that elevate your trading from tactical execution to strategic portfolio management. You'll learn how to leverage AI-generated action queues that propose multi-step trading workflows, generate detailed performance reports that reveal hidden opportunities, identify tax-loss harvesting candidates to minimize your tax burden, and track portfolio health across multiple dimensions.
Whether you're managing a single account or coordinating trades across paper and live environments, these tools help you make informed decisions faster, reduce emotional trading, and maintain a disciplined approach to portfolio optimization. The features covered here are designed for active traders who want institutional-quality analytics without the complexity of enterprise platforms.
Let's dive into each capability and explore how to integrate them into your daily trading routine.
Understanding Action Queues and Automated Workflows
Action queues represent a paradigm shift in how you interact with AI trading recommendations. Instead of receiving isolated trade suggestions, the AI copilot can generate complete multi-step workflows that you review, modify, and approve before execution.
How Action Queues Work
When you ask the AI copilot for portfolio recommendations—whether it's rebalancing sector exposure, rolling options contracts, or implementing a new strategy—it doesn't just tell you what to do. It creates an action queue: a sequence of related trades with dependencies, timing, and risk parameters already configured.
Each action in the queue includes:
- Trade details: Symbol, quantity, order type (market/limit), and price targets
- Rationale: Why this trade is recommended based on current market conditions
- Dependencies: Which actions must complete before others can execute
- Risk assessment: Expected impact on portfolio exposure and margin requirements
Reviewing and Approving Actions
Navigate to the Action Queues screen from Settings to see all pending workflows. Each queue displays:
- A summary of the overall strategy (e.g., "Roll expiring covered calls" or "Rebalance to reduce tech exposure")
- Individual actions listed in execution order
- Status indicators: Pending, Approved, Executing, Completed, or Failed
- Estimated portfolio impact including buying power changes
You have full control over each action:
- Approve individual trades or the entire queue with one tap
- Modify quantities, prices, or order types before approval
- Remove actions that don't fit your risk tolerance
- Reorder execution sequence if dependencies allow
Execution and Monitoring
Once approved, actions execute automatically according to their configured timing:
- Immediate: Executes as soon as market conditions permit
- Market open: Waits for next market session
- After fill: Triggers only when a dependent order completes
You'll receive notifications as each action completes, and can monitor real-time progress in the queue detail view. Failed actions display error messages and can be retried or canceled.
Practical Use Cases
Rolling Options: The AI identifies expiring contracts and creates a queue to close existing positions and open new ones at updated strikes/dates, maintaining your income strategy.
Sector Rebalancing: When your portfolio becomes overweight in a sector, the queue includes trim orders for overexposed positions and buy orders for underrepresented sectors.
Tax-Loss Harvesting: Near year-end, the AI generates a queue to sell losing positions for tax benefits, with paired buys of similar (but not substantially identical) securities to maintain market exposure.
Earnings Protection: Before earnings announcements, the queue can include protective put purchases or covered call closures to reduce risk.
Action queues transform AI recommendations into executable workflows, giving you full control over which trades get executed and when. This approval-based system ensures you stay in command while benefiting from AI-powered strategy generation.
Generating and Reading Portfolio Health Reports
Portfolio health reports provide a comprehensive snapshot of your account's overall condition across five critical dimensions. These reports go far beyond simple P&L tracking to reveal structural strengths and vulnerabilities.
Generating a Health Report
From the Reports section or by asking the AI copilot "Generate a portfolio health report," you'll receive a detailed markdown document that includes:
1. Account Overview
- Total equity and buying power
- Cash balance vs. margin utilization
- Number of positions and average position size
- Portfolio beta (sensitivity to market movements)
2. Health Score Breakdown
The overall health score (0-100) aggregates five weighted sub-scores:
Diversification Score (25%): Measures concentration risk across symbols, sectors, and asset classes. A score below 60 indicates you're overexposed to specific holdings. The report lists your top concentrations and suggests rebalancing thresholds.
Risk Score (30%): Evaluates portfolio volatility, beta, maximum drawdown, and options exposure. High-risk portfolios (score below 50) receive recommendations to add hedges or reduce leverage.
Performance Score (20%): Compares your returns to benchmarks (S&P 500, sector indices) and calculates Sharpe ratio (risk-adjusted returns). Underperformance triggers strategy review suggestions.
Liquidity Score (15%): Assesses ease of exit by analyzing bid-ask spreads, average volume, and position sizes relative to daily trading volume. Low liquidity warnings help you avoid getting stuck in illiquid positions.
Positioning Score (10%): Examines whether your positions align with current market regime and technical signals. Misaligned positions (e.g., holding breakout stocks during a downtrend) reduce this score.
Interpreting Recommendations
Each health report concludes with actionable recommendations prioritized by impact:
- Critical: Issues requiring immediate attention (e.g., margin call risk, excessive concentration)
- Important: Opportunities to improve risk-adjusted returns (e.g., add hedges, harvest tax losses)
- Suggested: Optimizations for long-term performance (e.g., rebalance sectors, upgrade position quality)
Recommendations include specific symbols, quantities, and strategies. For example:
"Reduce NVDA position by 30% (sell 15 shares) to bring tech sector allocation below 40%. Redeploy proceeds to healthcare or consumer staples for better diversification."
Scheduling Regular Reports
Set up automated health reports to run weekly or monthly. The app compares each new report to the previous one, highlighting:
- Score changes (improving/declining dimensions)
- New risks or opportunities
- Progress on previously recommended actions
This trend analysis helps you see whether your portfolio management decisions are moving in the right direction.
Using Reports for Goal Tracking
If you've configured an AI Profile with allocation targets (e.g., 60% stocks, 30% options, 10% cash) and risk tolerance, health reports measure your actual portfolio against these goals. Deviation alerts prompt you to rebalance before drift becomes significant.
Portfolio health scoring evaluates five critical dimensions: diversification, risk exposure, performance trajectory, liquidity, and positioning quality. Regular reviews keep your portfolio aligned with your strategic objectives.
Using Position Analysis for Better Decisions
Position-level analysis drills into individual holdings to generate specific, actionable recommendations for each symbol in your portfolio. This granular approach complements portfolio-wide health reports by addressing the unique characteristics of every position.
Accessing Position Analysis
From the Positions screen, tap any holding to open its detail view. The analysis panel displays:
Current Status
- Real-time P&L (dollar and percentage)
- Entry price, current price, and price change
- Position size as percentage of portfolio
- Days held and holding period return
For Options Positions
- Greeks (Delta, Theta, Vega, Gamma, Rho) with plain-English explanations
- Days to expiration and time decay rate
- Implied volatility vs. historical volatility
- Probability of profit based on current pricing
Recommended Actions
The AI analyzes each position against current market conditions and suggests:
1. Rolling Opportunities (Options)
When options approach expiration or move far in/out of the money, the analysis recommends:
- Roll out: Extend to a later expiration to collect more premium
- Roll up/down: Adjust strike price to capture more gains or reduce risk
- Roll out and up/down: Combine time extension with strike adjustment
Each recommendation includes:
- Net credit/debit for the roll
- New Greeks and probability of profit
- Comparison of current vs. rolled position
Example:
"Your XYZ Jan 50 covered call is deep in-the-money with 5 days to expiration. Consider rolling to Feb 55 for a $0.85 credit. This extends duration by 30 days and raises your effective sale price by $5."
2. Position Sizing Adjustments
If a position has grown (or shrunk) to represent an outsized (or trivial) portion of your portfolio:
- Trim: Sell a portion to lock in gains and reduce concentration
- Add: Increase size if conviction remains high and risk budget allows
- Close: Exit entirely if thesis has broken or opportunity cost is high
The analysis calculates optimal position sizes based on your risk tolerance and portfolio allocation targets.
3. Income Generation Strategies
For stock positions: Recommendations to sell covered calls against shares you own, generating premium income while maintaining upside exposure to a target price.
For cash reserves: Suggestions to sell cash-secured puts on stocks you'd like to own, earning premium while waiting to be assigned shares at your target entry price.
Each income strategy displays:
- Premium collected (annualized yield)
- Strike selection rationale
- Probability of assignment
- Breakeven price and max profit
4. Hedging Recommendations
During periods of elevated volatility or before known events (earnings, Fed announcements), the analysis suggests:
- Protective puts to limit downside
- Collar strategies (sell call + buy put) for zero-cost protection
- Position reductions to decrease overall exposure
Comparing Alternatives
For complex decisions, the position analysis presents side-by-side comparisons:
- Hold current position vs. roll vs. close
- Different strike/expiration combinations for rolls
- Covered call strikes with varying risk/reward profiles
Each alternative shows projected outcomes across multiple scenarios (stock up 10%, flat, down 10%) to help you visualize trade-offs.
Integration with Action Queues
When you accept a position recommendation, you can:
- Execute immediately: Place the order with one tap
- Add to action queue: Include it in a multi-step workflow for later approval
- Customize: Modify quantities, prices, or order types before submission
Position analysis transforms each holding from a passive investment into an active opportunity for optimization, whether through rolling, sizing, income generation, or hedging.
Identifying Tax-Loss Harvesting Opportunities
Tax-loss harvesting—selling losing positions to offset capital gains—is one of the most powerful yet underutilized strategies for active traders. The app automates the discovery and prioritization of harvesting opportunities, making it easy to reduce your tax burden without sacrificing market exposure.
How Tax-Loss Harvesting Works
When you sell a security at a loss, you can use that loss to:
- Offset capital gains from other trades (reducing taxable income)
- Deduct up to $3,000 per year against ordinary income (if losses exceed gains)
- Carry forward unused losses to future tax years
The key constraint: the wash sale rule prohibits buying a "substantially identical" security within 30 days before or after the sale. The app helps you navigate this by suggesting alternative investments that maintain similar exposure.
Accessing the Tax-Loss Harvesting Screen
From Reports or by asking the AI "Show me tax-loss harvesting opportunities," you'll see a ranked list of positions with unrealized losses.
Each opportunity displays:
- Symbol and position details: Shares held, entry price, current price
- Unrealized loss: Dollar amount available for harvesting
- Tax benefit estimate: Potential tax savings based on your bracket (configured in AI Profile)
- Days held: Short-term (<1 year) vs. long-term classification
- Replacement suggestions: Alternative securities to maintain sector/theme exposure
Ranking and Prioritization
Opportunities are ranked by tax efficiency score, which considers:
1. Loss Magnitude: Larger losses provide greater tax benefits
2. Holding Period: Short-term losses offset short-term gains (taxed at higher ordinary income rates), making them more valuable than long-term losses
3. Rebound Risk: Positions showing technical strength (approaching support, positive momentum) are flagged—harvesting these may mean missing a recovery
4. Replacement Availability: Positions with clear alternative investments rank higher (easier to maintain exposure without wash sale violations)
Example ranking:
#1: AAPL - $2,400 loss, held 8 months (short-term), tax benefit ~$888, low rebound risk, replace with MSFT or QQQ
#2: TSLA - $1,800 loss, held 14 months (long-term), tax benefit ~$360, moderate rebound risk, replace with RIVN or XLE
Executing Harvesting Strategies
Simple Harvest: Sell the losing position immediately. If you want to maintain exposure:
- Wait 31 days to repurchase the same security (avoiding wash sale)
- Immediately buy a similar but not identical security (e.g., swap individual stock for sector ETF)
Paired Harvest: Sell the loser and simultaneously buy the replacement in a single action queue. The app ensures the replacement isn't substantially identical.
Portfolio-Wide Harvest: Generate an action queue that harvests multiple positions, then rebalances the proceeds across your target allocation. This maintains overall exposure while maximizing tax benefits.
Wash Sale Warnings
If you've traded a symbol within the past 30 days, the app displays a wash sale warning with:
- Dates of recent purchases
- Quantities that would trigger wash sale treatment
- Adjusted cost basis if you proceed
You can still execute the trade, but the tax loss may be deferred (added to the cost basis of the replacement shares).
Timing Considerations
Tax-loss harvesting is most valuable:
- Late in the year (October-December) when you have a clear picture of annual gains
- After market corrections when multiple positions show losses
- Before rebalancing to offset gains from trimming winners
The app sends notifications when:
- New harvesting opportunities exceed a threshold (e.g., $500+ loss)
- Year-end approaches and you have unharvested losses
- A previously harvested position's 30-day wash sale window expires (safe to repurchase)
Tracking Harvested Losses
The Tax Summary report (available in Reports section) aggregates:
- Total losses harvested year-to-date
- Estimated tax savings
- Wash sale adjustments
- Carryforward losses from prior years
This helps you coordinate with your tax advisor and plan future harvesting activities.
Tax-loss harvesting opportunities are automatically identified and ranked by potential tax benefit, helping you make strategic decisions during volatile markets. By systematically harvesting losses, you can improve after-tax returns by 0.5-2% annually—a meaningful edge that compounds over time.
Monitoring Sector Allocation and Diversification
Sector allocation is the foundation of portfolio diversification. Even if you own dozens of stocks, concentrated exposure to a single sector (like technology) can create hidden risk. The app provides real-time sector tracking and rebalancing recommendations to keep your portfolio resilient.
Understanding Sector Allocation
Your portfolio is automatically classified into 11 standard sectors:
- Technology: Software, semiconductors, IT services
- Financials: Banks, insurance, capital markets
- Healthcare: Pharmaceuticals, biotech, medical devices
- Consumer Discretionary: Retail, automotive, leisure
- Consumer Staples: Food, beverages, household products
- Industrials: Aerospace, machinery, transportation
- Energy: Oil, gas, renewable energy
- Materials: Chemicals, metals, mining
- Utilities: Electric, water, gas utilities
- Real Estate: REITs, property management
- Communication Services: Telecom, media, entertainment
Viewing Your Allocation
From the Positions screen or Account Overview, tap the Sector Allocation chart to see:
Visual Breakdown
- Pie chart showing percentage of portfolio in each sector
- Bar chart comparing your allocation to benchmark indices (S&P 500, Nasdaq)
- Color-coded indicators: green (balanced), yellow (overweight), red (concentrated)
Detailed Metrics
- Dollar value and percentage for each sector
- Number of positions per sector
- Largest holdings within each sector
- Sector performance contribution to overall P&L
Concentration Warnings
The app flags concentration risk when:
- Single sector exceeds 40% of portfolio value (high risk)
- Top 3 sectors exceed 75% (moderate risk)
- Any sector is 0% (missing diversification opportunity)
Warnings include:
"Technology represents 52% of your portfolio, creating significant sector concentration risk. Consider trimming AAPL, NVDA, or MSFT and redeploying to underweight sectors like Healthcare (8%) or Financials (5%)."
Target Allocation Strategies
In your AI Profile settings, you can configure target allocations:
Equal Weight: 9-11% per sector (maximum diversification)
Market Weight: Match S&P 500 sector allocations (benchmark tracking)
Custom: Define your own targets based on market outlook (e.g., overweight Technology and Healthcare, underweight Energy)
The app calculates drift (difference between current and target) and suggests trades to rebalance:
"To reach your target allocation:
• Sell $3,200 Technology (currently 45%, target 30%)
• Buy $1,600 Healthcare (currently 8%, target 18%)
• Buy $1,600 Financials (currently 5%, target 15%)"
Diversification Score
The diversification score (0-100) measures how well-distributed your portfolio is across:
Sector diversity (40%): Evenness of sector allocation
Symbol diversity (30%): Number of holdings and concentration in top positions
Asset class diversity (20%): Mix of stocks, options, ETFs, cash
Geographic diversity (10%): Domestic vs. international exposure
A score below 60 indicates concentration risk. The app recommends:
- Adding positions in underrepresented sectors
- Trimming oversized positions
- Using sector ETFs for instant diversification
Rebalancing Workflows
Threshold Rebalancing: Set tolerance bands (e.g., ±5% from target). When a sector drifts outside the band, you receive a notification with a rebalancing action queue.
Calendar Rebalancing: Schedule quarterly or annual rebalancing. The app generates a queue to restore target allocations, accounting for tax efficiency (preferring to sell short-term losers and long-term winners).
Opportunistic Rebalancing: During market volatility, the app suggests rebalancing trades that also harvest tax losses or capture mean-reversion opportunities.
Sector Rotation Insights
The Market Regime analysis (available in the AI copilot) identifies which sectors typically outperform in current conditions:
- Early expansion: Technology, Consumer Discretionary
- Late expansion: Energy, Materials
- Early contraction: Utilities, Consumer Staples
- Late contraction: Healthcare, Financials
Combining regime insights with your allocation targets helps you position for the next market phase while maintaining diversification.
Tracking Changes Over Time
The Allocation History chart shows how your sector mix has evolved:
- Weekly snapshots of sector percentages
- Overlays of target allocations
- Annotations for rebalancing events
This historical view helps you see whether you're maintaining discipline or drifting into concentration over time.
By actively monitoring sector allocation, you can reduce portfolio volatility by 15-25% compared to concentrated positions, while maintaining similar return potential. Diversification isn't about owning everything—it's about strategic exposure across sectors that don't move in lockstep.
Tracking Performance Metrics and R-Multiples
Professional traders measure success not just by profit, but by risk-adjusted returns and consistency. The app provides institutional-grade performance metrics that reveal whether your edge is real or just luck.
Core Performance Metrics
1. Total Return
- Absolute dollar P&L and percentage return
- Time-weighted return (accounts for deposits/withdrawals)
- Comparison to benchmarks (S&P 500, Nasdaq, sector indices)
2. Sharpe Ratio
Measures return per unit of risk (volatility). Formula: (Portfolio Return - Risk-Free Rate) / Portfolio Standard Deviation
- Above 1.0: Good risk-adjusted returns
- Above 2.0: Excellent, institutional quality
- Below 0.5: Returns don't justify the risk
Example:
"Your portfolio returned 18% with 22% volatility, yielding a Sharpe ratio of 0.73. This is below the S&P 500's Sharpe of 0.89 over the same period. Consider reducing volatility through diversification or hedging."
3. Maximum Drawdown
The largest peak-to-trough decline in portfolio value. This measures your worst-case experience.
- Under 10%: Conservative, well-hedged
- 10-20%: Moderate risk
- Over 30%: High risk, potential for emotional decision-making
The app shows:
- Current drawdown from all-time high
- Historical max drawdown and recovery time
- Drawdown chart with annotations for market events
4. Win Rate and Profit Factor
Win Rate: Percentage of trades that were profitable
Profit Factor: (Total Winning Trades) / (Total Losing Trades)
- Profit Factor > 2.0: Strong edge
- Profit Factor 1.0-2.0: Modest edge
- Profit Factor < 1.0: Losing strategy
You can filter by:
- Trade type (stocks, options, specific strategies)
- Time period (last 30/90/365 days)
- Symbol or sector
Understanding R-Multiples
R-Multiples measure how much you made (or lost) relative to your initial risk on each trade. This is the gold standard for evaluating trading performance.
Calculating R:
- Initial Risk (1R): The difference between your entry price and stop-loss
- Actual Outcome: Your profit or loss when you exit
- R-Multiple: Outcome / Initial Risk
Example:
- You buy XYZ at $100 with a stop at $95 (risking $5 per share = 1R)
- You sell at $110 (profit of $10 per share)
- R-Multiple = $10 / $5 = 2R (you made twice your risk)
If you had sold at $92 (loss of $8):
- R-Multiple = -$8 / $5 = -1.6R
R-Multiple Distribution
The R-Multiple Chart shows the distribution of all your trades:
- Histogram of R-multiples (how many trades at -2R, -1R, 0R, +1R, +2R, etc.)
- Average R-multiple (expectancy)
- Median R-multiple
A profitable system typically shows:
- More trades at +2R and above than at -1R and below
- Average R > 0.3 (you make 30 cents for every dollar risked)
- Occasional large winners (+5R or more)
Expectancy
Expectancy combines win rate and R-multiples to show your expected profit per dollar risked:
Expectancy = (Win Rate × Average Win Size) - (Loss Rate × Average Loss Size)
Example:
- Win Rate: 45%
- Average Win: +2.5R
- Loss Rate: 55%
- Average Loss: -1.0R
- Expectancy = (0.45 × 2.5) - (0.55 × 1.0) = 1.125 - 0.55 = 0.575R
This means you make $0.575 for every $1 risked—a profitable system.
The app calculates expectancy for:
- Overall portfolio
- Individual strategies (covered calls, swing trades, earnings plays)
- Specific symbols or sectors
Performance by Strategy
The Strategy Breakdown report segments your trades:
Options Strategies:
- Covered calls: Win rate, average premium collected, assignment rate
- Cash-secured puts: Win rate, average premium, cost basis on assignments
- Spreads: Win rate, average R-multiple, max loss occurrences
Stock Strategies:
- Breakout trades: Win rate, average R-multiple, holding period
- Mean reversion: Win rate, average R-multiple, drawdown tolerance
- Dividend capture: Yield, ex-div timing, holding period
This granular view reveals which strategies work for you and which need refinement.
Scanner Performance Tracking
If you use the Market Scanner to find trade setups, the app tracks:
- Hit rate: Percentage of scanned setups that reached profit targets
- Average R-multiple per setup type (breakout, support bounce, etc.)
- Expectancy by confidence score (high/medium/low)
- Time to target (how long setups take to work)
This feedback loop helps you calibrate which scanner signals to trust.
Setting Performance Goals
In AI Profile, define performance targets:
- Annual return goal (e.g., 15%)
- Maximum acceptable drawdown (e.g., 15%)
- Minimum Sharpe ratio (e.g., 1.0)
- Target win rate (e.g., 50%)
The app tracks progress toward these goals and alerts you when you're off track:
"Your current drawdown of 18% exceeds your 15% limit. Consider reducing position sizes or adding hedges."
Monthly Performance Reviews
The Monthly Report summarizes:
- Total return vs. benchmark
- Best and worst trades (by R-multiple)
- Strategy performance breakdown
- Key metrics (Sharpe, max drawdown, win rate)
- Recommendations for improvement
Reviewing these reports monthly helps you stay disciplined and continuously refine your approach.
By focusing on R-multiples and expectancy, you shift from outcome-oriented thinking ("Did I make money?") to process-oriented thinking ("Am I executing my edge consistently?"). This mindset is the hallmark of professional traders.
Setting Up Custom Alerts and Notifications
Staying informed without being overwhelmed is critical for active portfolio management. Custom alerts let you monitor dozens of conditions across your portfolio and watchlists, ensuring you never miss an opportunity or risk event.
Types of Alerts
Price Alerts
- Above/Below: Trigger when price crosses a threshold (e.g., "Alert me if AAPL goes above $200")
- Percent Change: Trigger on daily moves (e.g., "Alert me if TSLA moves ±5% in a day")
- Technical Levels: Trigger on support/resistance breaks, channel exits, or moving average crosses
Position Alerts
- P&L Thresholds: Notify when a position reaches profit/loss targets (e.g., "Alert me if XYZ position hits +20% or -10%")
- Greeks Changes: For options, trigger on delta, theta, or vega shifts (e.g., "Alert me if my covered call delta exceeds 0.80")
- Expiration Warnings: Notify X days before options expire (e.g., "Alert me 7 days before any option expires")
- Assignment Risk: Warn when short options are deep in-the-money near expiration
Portfolio Alerts
- Buying Power: Trigger when available cash falls below a threshold
- Margin Utilization: Warn when margin usage exceeds a percentage
- Sector Concentration: Alert when any sector exceeds allocation limits
- Health Score: Notify when portfolio health score drops below a threshold
Market Alerts
- Earnings Announcements: Remind you before positions report earnings
- Dividend Dates: Notify before ex-dividend dates for covered call management
- Economic Events: Alert before Fed meetings, CPI releases, or other macro events
- Volatility Spikes: Trigger when VIX or individual stock IV rises sharply
Creating an Alert
From the Alerts screen (accessible via Settings or the notification bell icon):
- Tap "New Alert" and select alert type
- Choose symbol (for price/position alerts) or "Portfolio" (for account-level alerts)
- Set condition: Select operator (above, below, percent change) and value
- Configure delivery:
- Push notification (mobile)
- In-app notification only
- Set frequency:
- Once (alert disabled after first trigger)
- Daily (can trigger once per day)
- Always (triggers every time condition is met)
- Optional: Add actions
- Create action queue when alert triggers
- Auto-execute a saved order
- Send to AI copilot for analysis
Alert Management
The Alerts screen displays:
- Active alerts: Currently monitoring
- Triggered alerts: Recently fired, with timestamps
- Muted alerts: Temporarily disabled
You can:
- Edit conditions or delivery settings
- Pause alerts during vacations or low-activity periods
- Duplicate alerts for similar setups on different symbols
- Archive triggered alerts for historical reference
Smart Alert Recommendations
The AI copilot suggests alerts based on your portfolio:
For Covered Calls:
"Your XYZ Jan 50 covered call has delta 0.92 (likely to be assigned). Set an alert for 3 days before expiration to decide whether to roll."
For Swing Trades:
"Your AAPL position is approaching resistance at $205. Set a price alert to consider taking profits or adding a trailing stop."
For Tax Planning:
"You have 3 positions with losses exceeding $1,000. Set a calendar alert for December 15 to review tax-loss harvesting opportunities."
Notification Settings
In Settings > Notifications, configure:
Priority Levels:
- Critical: Margin calls, assignment risk, large losses (sound + banner)
- Important: Price targets, expiration warnings (banner only)
- Informational: Daily summaries, health reports (notification center only)
Quiet Hours: Disable notifications during specified times (e.g., 10 PM - 7 AM)
Digest Mode: Bundle multiple alerts into a single notification (e.g., "5 alerts triggered today")
Alert History and Analytics
The Alert History view shows:
- All triggered alerts with timestamps
- Actions taken (if any)
- Outcome tracking: Did the alert lead to a profitable trade?
This helps you evaluate which alerts are valuable and which create noise.
Integration with Action Queues
Advanced users can link alerts to automated workflows:
Example: Breakout Alert + Action Queue
- Set price alert: "TSLA above $250"
- Configure action: "Create action queue to buy 10 shares at market"
- When alert triggers, review the queue and approve if conditions are still favorable
This semi-automated approach captures opportunities quickly while maintaining human oversight.
Market Hours vs. After-Hours
Alerts can be configured to:
- Market hours only: Prevent noise from low-liquidity after-hours moves
- 24/7: Monitor crypto or international positions
- Pre-market only: Catch gap-up/gap-down opportunities before the open
Best Practices
Start Simple: Begin with 3-5 critical alerts (expiration warnings, large P&L moves). Add complexity as you learn what's useful.
Use Hierarchies: Set multiple thresholds (e.g., alert at +10%, +20%, +30% profit) to track progress.
Review Weekly: Archive or delete alerts that no longer apply (closed positions, outdated price targets).
Combine with Reports: Use alerts for real-time monitoring, reports for weekly/monthly analysis.
Custom alerts transform you from a reactive trader (checking prices constantly) to a proactive manager (notified only when action is needed). This reduces screen time, lowers stress, and helps you focus on high-value decisions.