Getting Started Building a Trading Career Tools and Resources Glossary - Backtesting
- Backtesting Depth
- Bear Market
- Bull Market
- Candlestick
- Charting
- Chart Patterns
- Day Trading
- Dividend Yield
- ETF
- Fundamental Analysis
- Leverage
- Limit Order
- Index Fund
- Margin Trading
- Market Capitalization
- Mutual Fund
- Market Trends
- Moving Averages
- Price-to-Earnings Ratio (P/E Ratio)
- Portfolio Diversification
- Positions in Prosperse
- Risk Management
- Scalping
- Short Selling
- Stock Alerts
- Stock Scanning
- Stock Screener
- Stop-Loss Order
- Support and Resistance
- Swing Trading
- Take Profit
- Technical Analysis
- Trend Lines
- Volatility
Glossary - Positions in Prosperse
Positions in Prosperse definition
In Prosperse, a position refers to a tracked stock or scanner entry created for monitoring purposes. These positions are not linked to a user’s actual brokerage accounts and are instead used for tracking and receiving notifications, such as price alerts or scanner-based conditions.In Prosperse, a position refers to a tracked stock or scanner entry created for monitoring purposes. These positions are not linked to a user’s actual brokerage accounts and are instead used for tracking and receiving notifications, such as price alerts or scanner-based conditions.
Use Cases
There are two types of positions in Prosperse:
- Untracked Position: This allows users to set alerts and monitor a stock without owning it. Alerts can be set for take profit and stop loss, notifying the user when a stock hits the predefined price levels.
- Tracked Position via Scanner: Users can track a stock based on predefined scanner conditions. Notifications will be sent when the stock meets specific scanner close conditions, helping users decide on better exit strategies.
These positions help users stay informed about potential stock movements, even without actual stock ownership or connection to a brokerage account.
Historical Context
As automated stock tracking tools have evolved, traders have sought ways to monitor positions without tying them directly to real trades. Platforms like Prosperse allow users to focus on strategy development and decision-making by tracking positions based on predefined rules or scanner conditions, rather than requiring real-time execution through brokerage integrations.
Related Terms:
- Stock Alerts: Notifications that inform you of specific events related to a stock or the market.
- Stock Scanning: A process of filtering stocks based on specific criteria to identify potential trading opportunities.
Frequently Asked Questions
What are Positions in Prosperse?
Positions in Prosperse are not actual stock holdings but virtual tracking tools. They allow users to monitor stock movements and receive alerts based on either user-set price points or scanner conditions.
What is an untracked position in Prosperse?
An untracked position allows users to monitor a stock, setting alerts for take profit or stop loss without owning the stock or linking to a brokerage account.
What is a tracked position via a scanner?
A tracked position is linked to a scanner in Prosperse. Notifications are sent when the stock meets specific scanner close conditions, helping users improve their exit strategies.
Can I execute trades through Prosperse positions?
No, positions in Prosperse are for tracking and notification purposes only. They do not link to brokerage accounts for real-time trade execution.
