Trailing stop feature
Richard Starrett Member ✭✭
The best way to invest in stocks is to minimize losses. Could Quicken come up with a report that would show the highest price an investor has experienced for an equity and then create a notification if the price falls X percent from that high that the investor would choose, depending on the particular stock and its volatility. Having a built in trailing stop notification would be an extraordinarily useful feature for the investing section of Quicken. I, for one, would pay extra for a version of Quicken that incorporated it.
I wouldn't pay extra for a function that I can find for free on my broker's website.
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Notification of a trailing stop doesn't seem like a very useful feature to me, especially since Quicken doesn't get real time prices, and even with the Premier version will only update once every 15 minutes if you leave it up. By the time Quicken would tell you that your security is below the stop, it would be way to late.
If one is going to use trailing stops, they really need to be done by the brokerage, and for real, not just a notification.Signature:
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Hi ALL. I use Quicken Deluxe and receive the updated stock price daily thru the Investing > Security tabs and selecting Download Quotes which then automatically updates my file. I too would like Quicken to provide the Trailing Stop Loss" feature and ability for report generation and/or an alert to the Quicken subscriber in time to initiate action. I know this is a community site but how do we get Quicken to develop this?0
Idea posts like this one are the best way we have to indicate interest in new features. In addition to commenting as you have already done, you can vote for the idea. Go to the first post in this discussion and in the colored box, click on the little up arrow below the current vote count.QWin Premier subscription0
Quicken has an Alert feature that you can set up to alert you if a security's price goes above or below values you can set.
As others have noted, this does not operate in real time, but you may want to go to Tools > Alerts center > Setup > Investing > Price and volume and experiment with the settings to see if they meet your needs.
Also @Richard Starrett mentions reporting on the highest price an investor has experienced and using some percentage of that value to set the stop price. The closest Quicken data point to that is the "52-Week Range" column in the Portfolio views. You can export this data and with some Excel cleverness, you might be able to compare the current price of each of your securities to the High or compute your own high to flag potential sales.
But all things considered, you would probably be better off looking for these capabilities at your brokerage and having them sell automatically if that is what you really want.QWin Premier subscription0