A WatchList is simply a logical group of stocks. Any reason you can think of to group stocks together is a good reason to have a WatchList. A WatchList that most investors pay close attention to is the WatchList that contains the stocks they own, this could be a WatchList called "My stocks" or "My portfolio" and would be classified as a Personal WatchList. There are five main WatchList classifications in TeleChart and if you click on the name of your active WatchList you will see them listed
To change to a different WatchList, simply scroll to the list you want and click on it. The five WatchList classifications are System, Personal, Scans, Component and MIndustry. They are described below.
System WatchLists - These are typically very large and include WatchLists like All Stocks and All Indexes.
Personal WatchLists - These are WatchLists that are personal to you. You can add and/or remove these and have complete control over what ticker symbols are contained within them.
Scans - These are special WatchLists called EasyScans. The stocks within these WatchLists are grouped together because they all meet the same criteria as defined in the EasyScan.
Component - Lists contain stocks found in specific indices. You will find a WatchList called the Dow Jones 30 Industrial Component stocks here that contain all 30 Dow Industrial stocks. You'll also find WatchLists for the S&P 500, the Russell 1000 and others. The components of these WatchLists are automatically maintained for you.
MIndustry - Under this classification you will find the Hemscott Industry Groups and Sub-Industry groups. Each WatchList here contains stocks found in the same Industry or Sub-Industry. The components of these WatchLists are automatically maintained for you.
