A unified watchlist where every position carries a buy price, quantity, target, stop-loss and running profit or loss — so the plan lives with the position.
Scanners find ideas. AlphaX is where an idea becomes a plan with numbers attached, which is what turns it into a trade rather than a hope.
The tool opens inside your BreakPoint account. If you are not signed in yet you will be asked to sign in first, and access depends on your active plan.
AlphaX is a watchlist that holds a plan rather than just a list of symbols. Each row carries the stock, its live price, and the numbers you decided in advance: buy price, quantity, target, stop-loss and a comment explaining why you are in it. Profit and loss updates against those numbers.
That structure matters because of when the numbers get written. A target and stop decided calmly, before entry, are very different from ones invented while a position is moving against you. Recording them makes the plan external and awkward to quietly abandon.
The comment field carries more weight than it appears to. Six weeks later, "breakout above prior high, sector leading" tells you whether the reason still applies. Without it, you are left holding a position you no longer remember the case for.
A watchlist is only useful if it is pruned. Rows whose setup has expired should be removed, otherwise the list slowly becomes a museum of old ideas.
Most traders do not lack ideas. They lack a place where the plan for each idea actually lives.
Swing traders
Track multiple open positions with their individual targets and stops in one view.
Beginners
Build the single most valuable habit in trading — writing the exit down before the entry.
Multi-strategy traders
Keep positions from different scanners in one place with the reasoning attached to each.
Part-time traders
Review everything in one screen instead of reconstructing your thinking from memory each evening.
Plan attached to position
Target and stop-loss stored with the trade, not held in your head.
Live profit and loss
See where each position actually stands rather than guessing.
Comments preserved
The reason for the trade survives long enough to be checked against reality.
One consolidated list
Positions from every source in a single view.
Editable rows
Update a stop as a trade progresses, deliberately and visibly.
Discipline by design
Empty target and stop columns are conspicuous, which is exactly the point.
One table, editable in place.
The table scrolls horizontally with the symbol anchored. Editing works on a phone, though entering a full plan is easier on a larger screen.
The habit is simple. Keeping it is the hard part.
Add the stock when you find it
The moment a scanner or chart produces a candidate, record it — before the setup gets lost among twenty other things.
Write the plan immediately
Entry, target and stop-loss, decided from chart levels rather than round numbers or wishful thinking.
Check the risk-reward
Compare the distance to your target against the distance to your stop. If it is not worth it, do not add the row.
Set the quantity from risk
Decide how much you are willing to lose, divide by the distance to your stop, and let that determine the quantity.
Write down why
One line in the comment field. It is what lets you judge later whether the reason still holds.
Review daily
Check P&L against the plan. Has the target been hit? Has the stop been breached? Has the reason expired?
Prune ruthlessly
Remove rows whose setup no longer applies. A watchlist of forty stale names is functionally the same as no watchlist.
Each field and why it earns its place.
| Field | What it tells you | How to use it |
|---|---|---|
| Symbol / Name | The stock being tracked. | Identification, and a quick way to spot when several rows belong to the same sector. |
| LTP | The live price. | Shows how far the position is from your target and your stop right now. |
| Buy Price | The price you entered at, or plan to. | The baseline for every other number in the row. |
| Target | The price at which you intend to take profit. | Written before entry. Deciding a target while in profit is how gains get given back. |
| Stop Loss | The price at which you accept the idea failed. | The most important field. Derive it from a level, never from a comfortable round number. |
| Qty | The number of shares. | Should come from your risk per trade divided by the distance to the stop, not from what feels right. |
| PNL | Running profit or loss on the position. | Honest feedback. Useful for review; dangerous if you start managing the number instead of the plan. |
| Comment | Why you took the trade. | The field most people skip and most regret skipping. It is what lets you learn from the position afterwards. |
Four states a row can be in, and the correct response to each.
You add a stock at ₹250 with a stop at ₹238 and a target at ₹286. Risk per trade is fixed, which produces the quantity. Three days later the stock is at ₹241 and a message on social media claims a big order announcement is imminent.
The written stop is doing its job right now. Widening it to ₹230 because of an unverified rumour converts a planned, affordable loss into a larger unplanned one, and does so at the exact moment your judgement is least reliable. The plan was made calmly at ₹250; nothing about the chart has changed except that it has gone against you.
A stop-loss you move is not a stop-loss. It is a suggestion, and suggestions do not protect accounts.
The watchlist works only if it stays honest.
✅ Do this
⛔ Avoid this
Leaving the stop-loss field empty and telling yourself you will decide later. Later always arrives during a fall, when the mind produces excellent reasons to wait one more day. The field is there to make that impossible to do quietly.
Because judgement is best before money is at risk. Once a position is losing, the mind generates reasons to wait, and a stop decided in advance is the only defence against that.
Use a chart level — the next resistance, a prior high, the opposite edge of a range. Targets based on how much you would like to make have nothing to do with what the stock is likely to do.
Decide how much you are willing to lose on the trade, then divide by the per-share distance to your stop-loss. Risking ₹2,000 with a ₹10 stop gives 200 shares. Wider stops mean fewer shares, not more risk.
Few enough to review every one daily — usually five to fifteen. Beyond that, positions get forgotten and exits get missed.
Upward on a winning position, to protect gains. Never further away on a losing one. That single distinction separates risk management from hoping.
Many traders require at least 1:2. The exact threshold matters less than checking it before entry, because that check alone eliminates most poor setups.
Because in six weeks you will not remember why you bought. The comment lets you check whether the original reason still applies, which is often a better exit signal than price alone.
A common approach is taking partial profit at the target and trailing a stop on the rest. What matters is deciding the approach in advance rather than improvising while in profit.
Move it out of the active list, but keep a record. Reviewing closed trades is where most of the learning actually happens.
They overlap. A watchlist tracks intentions and open trades with their plans; a portfolio tracker records what you hold. This tool is built around the plan, which is the part most people neglect.
Daily after the close. It takes a few minutes and it is when you catch positions whose reason has quietly expired.
Then you do not yet have a trade. If you cannot name a level where you would take profit, you have not thought the idea through far enough to risk money on it.
Every technical term above, written for someone who has never traded before.
A short, curated list of stocks you are actually tracking.
A scanner produces candidates; a watchlist is what you commit to watching tomorrow morning. Keeping it short is the point. Most traders can meaningfully follow five to fifteen names, and a bloated watchlist quietly turns into no watchlist at all.
The price at which you accept the idea was wrong.
A stop-loss is decided before entry, not after. Its job is not to be right, it is to keep any single loss small enough that the next twenty trades still matter. Placing it under a structural level — a support zone, the low of the breakout candle — is more useful than a round percentage.
How much you stand to make versus what you risk.
If your stop is 3% away and your target is 9%, the ratio is 1:3. A trader can be wrong more often than right and still finish ahead when the ratio is favourable. Checking it before entry is the single fastest way to filter out mediocre setups.
Deciding how much to buy, not just what to buy.
Position size is what converts a stop-loss into a rupee amount. If you risk a fixed slice of capital per trade — many traders use 1% — then a wider stop simply means a smaller quantity. This one habit does more for long-term survival than any indicator.
Holding for a few days to a few weeks.
Swing trading targets one leg of a move rather than every wiggle. Decisions are made after market hours, positions are held overnight, and stops are wider than intraday. For anyone with a job, it is usually the most practical style.
The price of the most recent trade.
LTP is the number that flickers on every screen. It is the last price at which a buyer and seller agreed, not necessarily the price you will get — in an illiquid stock the next available price can be noticeably different.
Price levels where buyers or sellers repeatedly show up.
Support is a level where falling prices have previously found buyers; resistance is where rising prices have previously found sellers. They are not exact lines, they are areas. Their value is practical: they give you an objective place to put a stop-loss and a realistic first target.
Looking for a term that is not here? The full trading glossary covers every concept used across these guides.