We’ve added support for TC2000 recently and invite you traders to come take advantage! For free of course! Come upload your trade history and see what’s working and what’s not. Fine tune the ability to turn the market into your own personal ATM machine!
Expired options should now show correctly as a loss in your trading journals. Thanks!
You asked for it, we built it. Now when you go to add tags to trades on the trades list page, you will see a list of existing tags you’ve used. You will see the top 12 most used, in order of most used. Hopefully this enables you to label your trading strategies easier and makes the reports that much better. Enjoy!
Trading Facebook groups, Discord rooms, Reddit, you see it everywhere. Traders posting screencaps of vibrant charts with 25 different indicators obscuring the space around and on the actual price action. I’m not saying technical indicators don’t have their place, but to use them to that scale and to place too much trust in them can be dangerous.
I’ve experienced the pain they can potentially cause first hand. I used to be a firm believer in trading by the VWAP. I won’t lie, a lot of the time those trades went my way. So often in fact, I developed a bit of an overly trusting relationship with that particular indicator. What I discovered in the end was that a symbol might ignore your indictor completely and without any logic, or it might follow it fairly closely but make its move your way a small percentage outside if your allowable stop according to what the indicator reads. The former can’t really be helped, the latter becomes a big issue if you’re using what the indicator is telling you down to the penny (or tick, etc).
Of course while these are being used, ultimately one should use them as a helpful tool that provides some possibly levels to consider. Using them for more than that can definitely lead to some bad situations.
I mentioned earlier that I used the VWAP and traded according to it pretty faithfully until I got burnt a few times. At which time, I removed it as well as the 9, 20, 50, and 200 EMA’s off of my chart. You know what I discovered? As far as technical, my eyes are telling me everything that those indicators were drawing for me, minus the pinpoint accuracy. And that’s how I’d prefer to think about it. “This area is where I’m expecting X to happen.” For me, the pinpoint accuracy of the indicator lines was a big problem for me because I would inadvertently take it too strictly, too literally.
I’ve had all of my indicators off for over a year now, and have honestly traded better without them. If you’re experience frustrations with yours, I recommend trying to lose them and see how much you really lose (as far as interpretations of price action). It’s worth a shot!
Hey all! A new update as of the morning of 11-16-19: Our generic import will now allow for TopStepTrader’s trial product imports, which is a version of the Tradovate platform. If you’re wanting to take a stab at trading futures, they have a two week trial which you can check out here.
The trades list now has a radio button option for viewing open trades. We’ve always just shown closed trades because that’s what we give you statistics for, but there is no reason for you to not at least be able to see open trades on the site, so that’s there now.
We also updated the import page slightly to get rid of empty space in the import wizard (just the interface you see). It also will now show instructions on how to obtain the import file itself from your broker for those brokers we have instructions for.
We’ve updated the “Trades List” page on the website to include more functionality. You can now tag multiple trades at a time by selecting them. You can also delete them in the same manner. New image upload capabilities have been added to allow you to upload screenshots and images relating to each trade. New sharing features makes it super easy to share your trade details with anyone you like on social media, email, etc. As always, charts still plot your entries and exits for stocks and ETF’s. Check out the video introduction!
We’ve added RobinHood to the list of supported brokers for the trading journal! Instructions for obtaining a RobinHood trades file export can be found here: https://www.tradeinsights.net/brokerHelp#robinhood