Anonymity is a Roadblock - Full Disclosure is a Portal
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From Open Lives

Your watchlist is a display for tracking page changes, similar to the "recent changes” display, but limited to showing changes only across your set of “watched” pages. You can see the watchlist display by clicking “my watchlist” in your personal links at the top right, but this wiki feature is only available to users who have registered and are logged in.

Before you see anything interesting here, you must add some pages to your watchlist. Do this by navigating to a page that interests you, and clicking the “watch” tab.

The watchlist feature is mainly useful on a very busy wiki where the “Recent changes” display can become too “high traffic.” On a low traffic wiki, you may be able to see all of the editing activity across the whole wiki on a single screen of the “Recent changes” display. Also, on a busier wiki many edits take place on pages that may be of little personal interest to you, which is when using the watch and watchlist features can be advantageous.

Using the watch and watchlist features enables you to track changes to pages related to your interest areas and particularly those about the content of which you greatly care. For example, if you have created a page or make a significant edit to it, you would generally want to watch that page, to see if there were any follow-up edits. Note that there is a “Watch this page” tickbox provided on the editing screen to expedite this purpose.

On the watchlist display, some page names appear in bold. This indicates whether or not you have visited the page to see the change. It's a bit like read/unread emails in an email inbox. Once you have visited a page on your watchlist, the name will be unbolded and only become bolded again if/when another change is made to it. The “Recent changes” display will also have some new bold highlighting, but for a different reason. Here bold indicates edits to pages on your watchlist.

To help track the changes to pages that are of most interest to you, start "watching" them!

See also Help:Tracking changes.