Whether or not you’re day buying and selling, choices buying and selling, or investing for the long run, it’s essential to discover a manner which you can monitor your buying and selling efficiency. That is very true should you commerce utilizing a number of buying and selling platforms, as having your belongings unfold over a number of brokers could make them particularly laborious to trace.
Thankfully, that’s why buying and selling journal software program just like the TraderVue app was created! Designed with the energetic dealer in thoughts (though it could definitely be utilized by long-term buyers as nicely), this on-line buying and selling journal helps merchants preserve monitor of all their buying and selling actions.
After all, there’s at all times a bit greater than meets the attention, so let’s take a deep dive into the platform to seek out out precisely what this buying and selling journal software program has to supply.
What’s TradeVue?
TraderVue is a cloud-based buying and selling journal. This platform permits merchants to import transactions (comparable to current day buying and selling exercise) from a number of brokers, compiling the info onto a single platform for a simplified viewing expertise.
Merchants can have full entry to their on-line buying and selling journals, with complete journal entries detailing all their current exercise. This information can be utilized to determine profitable methods, dropping methods, monitor progress, view asset allocation, and extra.
To seek out out concerning the full capabilities of this platform, click on right here!
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Who’s TraderVue for?
TraderVue provides options for merchants of all totally different buying and selling types. The platform will be utilized by skilled merchants {and professional} merchants, in addition to informal merchants and even full novices!
Since just about any kind of dealer can profit from monitoring their inventory trades (or different varieties of trades), the platform arguably has worth for everybody. Nonetheless, because of the fast-paced nature of day buying and selling, we expect this platform is very helpful to high-volume day merchants.
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What TraderVue Affords
The TraderVue app is primarily a commerce journal designed to maintain monitor of particular person trades, report commerce particulars, and assist merchants determine each constructive & damaging buying and selling habits.
It provides help for all kinds of brokers, permitting customers to robotically import trades from a number of brokers after preliminary setup. That is particularly helpful because it reduces the period of time required to assemble information, giving merchants extra time to investigate the info compiled.
The platform additionally permits merchants to attach with the bigger buying and selling neighborhood through the sharing function. By sharing their trades on-line, they’re capable of get suggestions, suggestions, and recommendation from fellow merchants. TraderVue even has its personal on-line discussion board!
TraderVue additionally provides extra superior options like commerce evaluation, liquidity monitoring, threat evaluation, and loss charts. Nonetheless, these options are restricted to the premium plans; free customers will solely have entry to fundamental journaling capabilities.
The Limitations of TraderVue
The principle limitation of TraderVue is its lack of reside information. Whereas it does help automated commerce imports (a function surprisingly missing from a few of its rivals), its incapability to supply reside information means you’ll be able to solely analyze trades after—not whereas—they occur.
For swing merchants or long-term buyers, this isn’t a lot of a downside. Nonetheless, in day buying and selling, even particular person trades can have a giant constructive (or damaging) impact on one’s portfolio for that day. As such, it could be nice to see reside information included in a future model of TraderVue.
Prices & Bills
There are three totally different variations of TraderVue obtainable: Primary, Silver, and Gold. Every model can monitor shares, foreign exchange, choices, and futures.
The Primary plan is completely free and provides fundamental performance for inventory merchants. This plan permits merchants to report as much as thirty trades per thirty days, unlocks fundamental journaling, permits fundamental reporting functionalities, and permits merchants to share their journals. We advocate this plan for long-term buyers.
The Silver plan is the most cost effective premium plan supplied by TraderVue. Costing $29 per thirty days, it permits merchants to trace a limiteless variety of trades per thirty days. This plan additionally unlocks Enhanced Journaling and Superior Reporting. We advocate this plan for swing merchants.
The Gold plan contains all the pieces supplied by the Silver plan but in addition unlocks threat monitoring and reporting, exit evaluation, fee/charge help, and liquidity reviews. This plan prices $49 per thirty days. We advocate this plan to day merchants.
TraderVue App: One thing for Everybody
The TraderVue App is price trying out should you don’t already use buying and selling journal software program. Having the ability to simply visualize your every day buying and selling day actions can provide the insights it’s essential to achieve a buying and selling edge over the competitors.
Better of all, you don’t essentially even have to pay for the premium plan! Whereas we would definitely advocate the paid model to extra energetic merchants (comparable to day or swing merchants), the informal investor can definitely get away with simply utilizing the free model to report journal entries.
Excited about seeing if TraderVue might be useful to your buying and selling habits? Click on right here to join free!
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