Is there a limit to the number of watchlists I can create in TradingView?

Introduction

This article summarises the key points from a Trade Nation educational video. It explains how watchlists work in TradingView, the limits placed on them by account type, and the practical considerations for traders. The content is educational only and does not constitute financial advice.

Key Concepts

Watchlists allow traders and investors to monitor selected instruments such as stocks, currencies, or indices. They are designed to make it easier to track specific markets of interest.

According to TradingView’s account structure:

- A basic (free) account allows the creation of one watchlist.

- Paid accounts provide unlimited watchlists.

This flexibility can help users organise instruments by sector, region, or asset class. It also means traders can build a clear view of the markets they want to follow.

Each watchlist can hold multiple symbols. This allows for a broad overview, without the need to constantly switch between lists or platforms.

Risks and Costs

While watchlists are a useful organisational tool, they do not reduce the risks of trading. It is possible to follow many instruments at once, but this may increase complexity and the potential to overlook key information.

Paid accounts come with subscription costs. Traders should consider whether these costs are justified for their needs. Additionally, monitoring more markets may increase the temptation to overtrade, which could lead to higher transaction costs.

Illustrative Example

Suppose a trader uses a watchlist to track five technology stocks over a one-month period. If one of the stocks rises by 5%, an initial £1,000 investment would show a £50 gain (excluding costs). However, if another stock falls by 5% over the same period, an equivalent £1,000 investment would show a £50 loss (excluding costs). This demonstrates how watchlists help with monitoring but do not prevent gains and losses.

Past performance is not a reliable indicator of future results.

Summary

In summary, TradingView limits watchlist creation based on account type. A basic account provides one watchlist, while paid accounts allow unlimited watchlists. This feature can help organise and monitor markets, but traders should remain mindful of the costs, risks, and the fact that watchlists do not influence market outcomes.