With the current issue around the amount of small limit orders that are clogging up the service, I was thinking about how people will be setting Alerts to notify them if their stock has reduced to a level they are comfortable buying in.
The problem with the current set Alert system is that if I miss a notification by 5 minutes or so or by the time I check, the price has shot up maybe 50c to $1 already.
Edit: Explained MUCH better in next post with screenshots.
I felt this idea may have been overlooked, especially considering the ‘temporary’ block on limit orders is still ongoing.
I have included some screenshots from Binance on how this could work.
So when someone adds a new alert, it loads an alert screen as such:
User then selects option (Stock price rises/drops to, 24 Hour change is more/less than X%):
User then choose Frequency of the alert (Always/Once a day/Once)
This stops the need for logging in just to find the stock price has jumped and having to reset the alert.
