TradeViz is a commerce administration and analytics dashboard that lets merchants and traders view stats for his or her trades and portfolios.
Their intuitive dashboard and menu allow you to break the information down into nearly any kind you’d like and supply superior analytics and planning instruments should you improve to their paid plans.
Let’s leap into a few of their options and pricing and see if TradeViz may help you.
Contents
Tradeviz provides a really clear and modern-looking person interface that lets customers arrange their dwelling web page or dashboard in nearly infinite methods.
The default setup is to have the trades and commerce information entrance and heart, like within the picture right here, however you possibly can customise this nonetheless you want to.
One notably helpful function for energetic merchants is the PnL by-day calendar.
This allows you to visualize how worthwhile you’re by day, which might present some attention-grabbing insights about potential overtrading.
From the overview dashboard, you too can navigate to all of their different choices from the menu on the left-hand facet.
The usual view for that is what you see within the picture above: dropdowns that may allow you to navigate to all the totally different instruments, however in addition they have “Easy Mode,” which, when activated, cuts the record right down to among the extra widespread instruments like Commerce Tables, calendar, and Commerce Plans.
Now you can see how the dashboard appears and feels let’s leap into among the particular person options of the TradeViz.
Along with all the essential tables and views, Tradeviz provides dozens of different analytical instruments that will help you commerce.
Tables
First up are the opposite views you can see to your trades.
The usual view is only a chronological record of trades, however you too can regulate this to be grouped by image, a Tag if in case you have assigned one to it, by execution, and by day.
One of many extra attention-grabbing desk views comes from the Pivot desk charting, which lets you slice up the information and show customized views much like what you are able to do in Excel.
You can even break trades down by the Commerce/Day plan you arrange.
This allows you to look again and see should you caught to your plan and the way your executions have been in opposition to what you anticipated.
Calendars
The calendars tab allows you to escape your buying and selling primarily based on the Day, Week, Month, or 12 months; relying on the timeframe’s granularity, you possibly can see totally different statistics about that point.
This may be fairly helpful to see if there are any tendencies in your buying and selling round seasonal modifications available in the market.
Notes and Plans
Tradeviz software program allows you to add notes to your particular trades, so should you wished to mark off an entry or exit or some piece of data that stood out to you, you could possibly do this right here.
You can even arrange commerce and day plans by means of the software program.
These plans may be as easy or complicated as you want to and may help you keep on monitor to your buying and selling targets.
The planning performance right here is spectacular; should you join this software program, it’s endorsed as a software.
4 Ideas For Higher Iron Condors
Instruments
We will now have a look at among the extra superior options of TradeViz.
First up is the precise “Instruments” menu.
Right here, they’ve buying and selling simulators, which, because the identify implies, allows you to commerce primarily based on previous information for nearly any image.
The default image is the S&P500 future, however I examined it with a number of equities, they usually all labored nicely to paper commerce/take a look at commerce on new methods.
Two different attention-grabbing instruments out there for subscribers are the choices circulate scan, which appears at uncommon choices exercise (sweeps), and the dividend tracker.
Each of those may be extremely helpful in your buying and selling or investing, particularly the dividend tracker, which may help you intend out money circulate.
Tradeviz additionally has an choices execution simulator, inventory screeners, a market overview tab, and an choices payoff chart, which is a danger profile for an choice.
These instruments are all equally helpful however are issues you could find elsewhere without cost.
Evaluation
As their identify implies, one of many issues that makes Tradeviz stand out is their skill to visualise commerce information.
That is very true in the case of evaluation of your trades.
You possibly can slice up your win/loss information into dozens of buckets and see good visualizations of all of them.
Win charges are damaged down in opposition to value ranges, quantity ranges, time of day, commerce size, asset sort, and extra.
Trying on the evaluation tab offers you unrestricted entry to all the knowledge hidden inside your buying and selling patterns and a few concepts on how you can alter them to extend profitability.
Tradevz provides a number of different forms of evaluation which might be additionally price a have a look at.
First up is exit evaluation, which helps you to examine what the optimum exit for a commerce would have appeared like vs. what you probably did.
Relying in your exit plan, this generally is a bit onerous to see, however it gives a variety of potential perception into should you’re holding on to trades for too lengthy.
In addition they have technical evaluation, however not your customary sort of chart evaluation; this exhibits the market in opposition to a number of totally different indicators to see how your trades examine.
It’s an attention-grabbing tackle “Technical Evaluation“.
Lastly is Choices Evaluation, which helps you to run all the similar commerce information over your choices trades.
You possibly can escape commerce quantity, win charge, and your trades vs the Greeks to see the place you’re excelling and the place you’re missing.
Efficiency
The final part we might be is the Efficiency Metrics part.
That is an extension of a lot of the information we checked out within the earlier sections, however it allows you to see it in additional widespread buying and selling phrases.
It is going to allow you to see your commerce expectancy.
What’s your account anticipated to do whenever you execute a commerce primarily based on the final x variety of trades?
Moreover, you possibly can see the R-value, Hit charge, Revenue Issue, and pattern evaluation to your trades.
This part has a variety of potential that will help you enhance your buying and selling as a result of it will probably present you simply how worthwhile you’re.
Now that you’ve got seen how Traeviz can present you your information, let’s have a look at how we are able to get your commerce information into the platform.
Step one is to manually import your commerce information.
This works on an extended record of brokers throughout nearly each asset sort that retail merchants can commerce.
Whenever you go to import your information out of your dealer, you set a brand new “connection,” and Tradeviz will stroll you thru how you can export and import your commerce information out of your dealer and get it into the online app.
For a smaller subset of brokers, Tradeviz additionally helps auto-sync, which helps you to routinely hyperlink your brokerage account to the appliance and fill out some fundamental particulars like your buying and selling type and sync occasions, and Tradeviz will deal with the remaining.
This record of brokers is way smaller than the guide record, however it contains nearly each dealer that may function within the US, so odds are you’ll not have a problem having the ability to Auto-sync your account.
Tradeviz provides dozens of guides on their weblog about how you can navigate and use their software program.
They cowl the whole lot from fundamental How-Tos to the extra superior makes use of for customized dashboards and visualizations.
Since that is nearly solely about metric visualization, they don’t have a lot assist for studying how you can commerce, so it is best to have come to the platform with this already.
When you want help making a commerce plan, you possibly can all the time take a look at this hyperlink right here.
Tradeviz additionally provides wonderful buyer assist by means of both the shape on their web site or the assist electronic mail tackle.
That they had a reasonably fast response time, though its attainable response occasions range relying on what number of requests they obtain.
Now it’s time to have a look at the value of Tradeviz.
You’ve gotten seen all of those attention-grabbing options, however is it price what they cost?
Tradeviz does supply a free plan that features 3,000 executions a month and really minimal information visualization.
This plan does assist the auto-sync, however the whole lot else is pretty barebones.
They’ve two paid plans out there, the Professional and the Platinum plan, for $20 and $30 per thirty days, respectively.
Each permit entry to limitless executions tracked per thirty days and the flexibility to trace nearly each asset class.
The principle distinction between the 2 plans is add-on options.
The platinum plan permits you entry to issues like seasonality charts, the choices circulate info, commerce replay, backtesting, and different higher-level evaluation instruments.
For the additional $10/month, although, it looks like it’s nicely price the additional cash for the extras you obtain.
TradeViz provides a wealthy suite of instruments that cater to each the meticulous analyst and the energetic dealer searching for deeper insights into their efficiency.
The platform’s emphasis on customizable dashboards and detailed analytics makes it a stable alternative for many who need extra than simply commerce information monitoring.
With highly effective options like every day PnL visualization, superior desk filtering, strong commerce evaluation, and intuitive commerce planning, TradeViz gives a transparent image of your buying and selling habits.
TradeViz’s paid plans ship an in depth, value-added bundle.
Whether or not you’re utilizing the free tier to get began or diving into the Platinum plan for the complete toolkit, TradeViz positions itself as a sensible, insightful useful resource that may assist merchants make data-driven selections with confidence; due to this, it’s at the least price your time to arrange the free plan and begin to have a look at your buying and selling information visualized.
When you can afford it and are profitably buying and selling, the paid plans present a variety of added worth for the price, making them a straightforward promote for the data-driven dealer.
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Disclaimer: The knowledge above is for instructional functions solely and shouldn’t be handled as funding recommendation. The technique offered wouldn’t be appropriate for traders who are usually not aware of trade traded choices. Any readers on this technique ought to do their very own analysis and search recommendation from a licensed monetary adviser.
