Whether you use one trading platform or several to do all your trading, it’s beneficial to have a tool that lets you keep track of trade history and analyze data for future growth or decay. There are many trading journal sites out there to help with just that. This Tradervue review dives into everything the service has to offer.
With so many different trading journals out there, it can be hard to figure out which is the best for you. Luckily, The Stock Dork is here to help.
Tradervue Review: Overview
Tradervue is a trading journal site that lets traders view and analyze trades from each trading platform they use all in one place. The platform makes it easy to import data from other locations.
Multiple features allow users to run reports, study charts, and compare trades in any way they choose. The site also functions as a social media platform. Tradervue users can share trades with the online community to get feedback on potential investments.
Tradervue was founded by Greg Reinacker in 2011 out of Denver, Colorado as a way for traders to review and learn from their own trading history.
Greg Reinacker Review
Greg Reinacker has always been tech-savvy. His background includes time spent doing technical consulting work where he helped develop tools like the weblog and RSS arenas.
He founded his first big company, NewsGator, back in 2004, which has since developed into a multinational organization. Upon exiting NewsGator in 2010, Greg founded Tradervue and built the platform to hosting over 100,000 users.
Tradervue Free Webinar Review
The trading journal platform currently offers a free webinar called “Tradervue for New Users: Finding Your Niche”. It is hosted by Michael Thomas, a long-time Tradervue customer who now works on staff as a project manager.
In the webinar, Michael takes perspective users through Tradervue’s features and tools, explaining how trade experts use them to excel in trading.
What’s Included with Tradervue?
Tradervue has some cool features to help you become a better trader through journaling and reflection.
Tradervue’s trading journal is the place for traders to view all their trades in one convenient location. Traders can automatically import trading information directly from a trading platform, broker, or from an Excel or text file. Here are some of the features that make the trading journal stand out:
Once trade entries are loaded into Tradervue, a trader can make notes on the platform for review later that day or somewhere down the road. Notes can be specific to a trade or used for day trading as a whole.
To make tracking in the trade journal even easier, a day trader can add tags to trades to find them quickly. Additionally, tags can be used to pull up data any time in the future to see how a trade is doing at a glance.
Traders can filter their trade data by symbol, side, duration, date range, or by any notes or tags previously created. The filtered data can then be viewed in either the trading journal or as a report.
As soon as a trade is added to the Tradervue trading journal, price charts covering multiple time frames become available to view. It’s even possible to look at trade data that happened years in the past.
Traders can also look at the same chart studies that they used during a trading day for further analysis and to improve future trade performance.
A trader can use this feature to calculate statistics and perform analysis in both their native currency and the base currency (USD).
What would a trading journal platform be without the ability to run reports? These analysis tools will help take your journal up a notch. It is worth pointing out that many of these report options are only available with Silver and Gold plans.
With just a click, Tradervue automatically generates a report based on the recent performance of stock data in the trade journal. This includes daily and cumulative P&L, win %, and volume to search for trends. Data can be viewed by day, month, or even year.
Detailed Reports and Statistics
If a quick overview isn’t enough, there are numerous other more detailed reports available which include a wealth of various statistics. These reports include the Comparison Reports, Tick-based Reports, Tick-based Reports, Liquidity Reports, and Risk Analysis Reports.
A trader can use comparison reports to see data side by side in any way they desire. You can see how trades are doing this month versus last month, look at winning days against losing days, or simply compare two sets of trades to see how they stack up.
This report allows users trading in futures to check returns in USD or in ticks.
Traders can analyze trading data based on liquidity with these reports. Liquidity reports can even be broken up by entry and exit points.
Risk Analysis Reports
Risk Analysis lets a trader see data in regard to risk performance on trades. Reports can be run by dollar value or dollar increment.
The sharing community is effectively Tradervue’s social media platform. This is the place to share trades with the day trading community and get trading tips from others. Give and receive feedback from the trading community on Tradervue about potential trades that could help mold you into a more effective trader.
No information appears on the social media platform without your permission. You choose which trades to share and which details about those trades you want to make public.
Is Tradervue Safe?
Tradervue has been around for ten years and seems to be a reliable trading journal platform. All of your trade information is imported into the site from brokerages or trading platforms. This means your account info is never used.
There’s no active trading done on Tradervue, so information in your journal is for viewing and analysis only. You get to choose which information is posted to Tradervue’s social media section, and the site makes sure your personal information never ends up posted on the site.
How Do You Delete a Tradervue Trade?
If you end up with trades that you no longer want to keep in your journal, trades are simple to remove.
On the trade detail page, locate the “Advanced” link on the right side of the screen above the list of executions. Once there, click “Delete Trade” to remove the trade from your journal.
There’s no way to undo a deletion. If you want to put the trade data back into your account, you will have to import it again.
Tradervue Cancellation Policy Review
If you’ve decided on a paid tier, Tradervue offers a 7-day free trial to see if the service is right for you. Canceling during that trial incurs no penalty.
Should you choose to cancel after the free trial is over, Tradervue will immediately bump your account back down to the free tier and credit your account for the unused portion of the subscription. This credit can only be used for a future Tradervue subscription and cannot be redeemed for cash.
Tradervue Review: How Much Does Tradervue Cost?
Tradervue has a Free Plan with basic features to get traders up and running quickly. The Silver and Gold Tiers offer some advanced reports for analysis and tools to boost stock performance.
As the name implies, the Free Tier is completely free to use. It does have some limitations, but there’s still an impressive number of options Tradervue gives traders access to.
The Free Tier gives access to basic journal features such as a trading overview and detailed reports of trades. Traders will also be able to check out automatically generated price chart information covering multiple time frames and share their trading history with the Tradervue community.
With the Free Plan, traders are able to post up to 100 stock trades per month.
The Silver Tier that Tradervue offers includes everything in the Free Tier and then some.
Going Silver removes the 100 stock entry limit and allows unlimited trade entries per month. The Silver Tier features over 100 advanced reports and can be used with stocks, options, futures, and Forex in the enhanced journal.
There’s additional access to P&L charts, 1GB of space for image uploading, and users can download their data to an excel file. It also gives users the chance to change the base currency to their liking.
A Silver Plan account costs $29 per month for these extra tools.
The Tradervue Gold Tier is the crème de la crème on the Tradervue platform. Above all the tools that the Silver Plan offers, the Gold Plan adds in risk analysis reports, exit analysis reports, commissions and fee support, and liquidity reports.
This advanced trading data may help experienced traders take their trading performance even further, but at a higher cost. The Gold Plan may sit a bit uncomfortably for some at $49 per month.
Tradervue Review: Pros and Cons
Tradervue has some powerful tools at its disposal that might help take your trades to the next level, but there are a few negatives to also be aware of. Here are the pros and cons of the service:
- Powerful advanced analytics
- Helps identify flaws in your market strategy
- Platform is simple to use
- Free online getting started webinar
- Three account options with a free tier available
- Notes and tags can be added to trades for trackability
- Access to a trading community
- Easy to import trade information from outside sources
- Plenty of chart options
- Comparable costs to similar platforms
- Does not link to all trading platforms and brokerages although most major platforms are supported
- No educational platform to learn about data
- Lack of customizability in charts and reports
Is Tradervue Right for Me?
Tradervue is a great journaling tool with a free entry point that makes it more accessible to a variety of traders. It’s easy to start up, but once inside, new users might get a little lost in all the software. However, the free webinar and educational content is there to help attempt to clear up some of the initial confusion.
Whether you are a beginner or experienced trader, Tradervue requires an active presence to run reports and analyze data. Therefore, the system doesn’t tell you what to do. It just gives you the means to figure it out on your own.
Advanced traders will not be wowed by the free tier, but the features in the silver and gold tiers should be enough to keep them happily crunching data.
Everyone may be able to benefit from the social media feature of Tradervue to share thoughts and get ideas from other traders.
Tradervue Reviews by Members
Unfortunately, there are no member reviews listed on sites like TrustPilot, and the site is not listed on the Better Business Bureau.
However, reviews from other top review sites all place Tradervue at around the 4.0 range out of a possible score of 5.0.
Final Review: Is Tradervue Worth It?
Tradervue seems to be a valuable service for both beginners and advanced traders alike. Having access to a journal to keep track of trades and a social media platform to share ideas helps set Tradervue apart from similar platforms.
The platform appears to set you up to succeed. However, it does require you to put in the effort to create reports and gather the information to become a more effective trader.
It may take a minute to learn how to navigate through all the analytics the site has to offer, but starting with the free tier gives you all the time in the world to do so. Once you’ve mastered the basics, your portfolio may be ready to jump to one of the paid tiers.