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!
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.
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 released some pretty big updates to the site this weekend! Check out some of the changes:
- The trades list page should look MUCH better on your mobile devices!
- You can now edit/add trade notes, tags, and even images from mobile
- All new trades list page is cleaner and easier to navigate
- You can now tag and delete a group of selected trades at once on the trades list page
- ALL chart pages have been revamped and better now better support mobile devices
- Two new charts for the tags/trading system page have been added (tree charts) for easier trading system analysis
Enjoy and trade safe!
It’s not the most exciting thing in the world, but it keeps me in practice! This proves I’m drinking the kool-aid too! My consistency is definitely improving over the last time I traded, and I’m looking forward to hitting the live markets again. I’ve been starting off my day with about 20-30 mins of trading before I start the TradeInsights workday. Hope you all have a wonderful weekend!
Our calendar view defaults to the monthly view, but have you noticed the “Year View” tab? Yep… you can see the entire year at once. Click on any day to see trading details for that day. Happy trading!
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Did you guys know you can check out the cumulative profits and losses by symbol on the “Symbol Stats” page in the dashboard? By being consistent in uploading your trades, this is going to tell you what securities are giving you returns based on your trading style and what symbols aren’t trading within your parameters, and thus causing you losses. It’s great to keep this in mind in the pre-market before trading, or even when contemplating a new swing or investment.
We’ve added our first Crypto broker here on the site as of this morning. Feel free to upload your Binance transactions for trade review! To get your Binance trades export, follow these instructions here: https://www.tradeinsights.net/brokerHelp#binance
Today we released the trading journal/blog type feature. Now, more than just calculations and ratios, charts, etc, we allow you to make BLOG type entries for your journal, including the ability to upload screenshots (up to 10 per post) and photos to accompany your journal entries. We hope you enjoy the new features!