Mentoring enhancements

Many traders have mentors or coaches, and taking advantage of the mentoring features in Tradervue can be a huge help. In a nutshell, they allow a mentor/coach to have a read-only view of a student’s trades, and to have comments and conversations on specific trades and journal entries.

Today, we have made a number of changes to make this even more flexible:

  • Mentors can now choose which columns to display in the Trades View when viewing a mentee’s trades; previously, the columns the mentee was using themselves would be shown to the mentor.
  • Mentors can now switch between gross and net P&L modes when viewing a mentee’s trades; previously, the mentee’s setting would be used.
  • Mentors can now set the Trades View to any display mode (table, small charts, or large charts) when viewing the mentee’s trades. Previously, only the table view was available.
  • Mentors can now download from the mentee’s Trades View into Excel for further analysis, and they can also download executions for a specific trade.
  • The Settings menu in the Trades View will now be visible for mentors viewing a mentee’s trades; any settings that are changed will be saved for the mentor, but will not affect the mentee’s own view of their data.

Together, these changes should make the system more convenient for mentors and mentees alike!

Notes now available on Dashboard

Ever since we introduced general notes to Tradervue, they have proven quite popular. Traders have told us they’re using them to record their trading plan, keep watchlists, and make market notes for the week, just for a few examples.

To make notes more accessible, we now display your most recent notes on the Dashboard:

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The 5 most recently updated notes will be shown; if you have yet to create any notes, you’ll see a link to create your first note.

New users and those who have never customized their Dashboard will see the notes box there immediately. If you have customized your Dashboard, we haven’t changed your settings, so you won’t see notes right away. To add them, you can Customize your Dashboard.

Entry and Exit price columns

Entry and exit price columns are now available in Tradervue. Entry price has actually been available for a while, but exit price is brand new.

Here’s how entry/exit prices are determined:

  • For stock, futures, and forex trades, not containing options, the entry price is the price of the first execution, and exit price is the price of the last execution.
  • For pure option trades, the entry price is the price of the first execution, and exit price is the price of the last execution.
  • For trades containing both stock and options (or both futures and futures options), the entry price is the price of the first non-option execution. Similarly, the exit price is the price of the last non-option execution.

The third case above handles the case where you’re trading, for example, a covered call. The entry/exit prices will both reflect the stock price you executed at, rather than the option prices.

Both entry and exit prices are available in the following locations:

Adding timestamps to notes

It’s now possible to quickly add a timestamp to trade or journal notes. To add the current timestamp, click the calendar button on the right side of the editor toolbar:

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Even quicker, you can just press Ctrl+T in the editor, and the timestamp will be inserted at the current cursor position.

Timestamps are entered in US eastern time, to match the time zone your execution times and charts are displayed in.

This is super handy for updating notes on a developing trade throughout the day, making notes on a swing trade, or adding notes throughout the day to a journal entry!

VWAP now available on charts

We’ve added Volume Weighted Average Price (VWAP) to the available studies on intraday price charts in Tradervue. A few notes about how this works:

  • The VWAP is calculated intraday, starting from the open, and is only available on intraday charts.
  • For stocks, pre-market activity is not included in the VWAP calculation. This is rarely an issue, as regular-hours volume tends to quickly exceed pre-market levels.
  • It is calculated based on the interval shown on the chart. So for example, if you’re looking at a 1-minute chart, VWAP is calculated based on 1-minute data. If you’re looking at a 5-minute chart, it’s calculated based on 5-minute data.
  • VWAP is only available for stock and futures trades.

If you haven’t used them before, here are details on how to add studies to charts in Tradervue. And if you’re not already familiar with it, here’s a primer on VWAP!

API sample to add industry tags

We’ve written a short sample application in Python that uses the Tradervue API to add industry tags to your trades, based on their symbol. It’s only a sample – you’ll need to add the list of tags you want to use – but it demonstrates how to do it in a straightforward manner.

You could use this same code to add other tags to your trades as well. For example, you could add a “preferred” tag to all of your trades in preferred stocks.

The possibilities using the new API are endless!

Journaling workflows

If you’re keeping a trading journal with Tradervue, and writing specific notes for each trade you make, there are several different workflows you can use to do this easily. Specifically, you can:

1. If you’re using an auto-importer (such as Journal Lync), you have the best of all worlds; you can simply make notes as you go, and your executions will be loaded in near real-time. Importing can be automated via our API.

2. You can import your trades at the end of the day (or at whatever frequency makes sense for you), and then make notes on your trades. This is simple and easy, but the downside is by the time you import your trades, you may not remember everything that you would have liked to make notes about.

3. You can make per-trade notes throughout the day, and then have your imported executions “match up” with those notes when you import at the end of the day.

Let’s dive into a bit more detail about how the third option works.

Suppose you just opened a trade in TWTR a minute ago. You have a bunch of things that are fresh in your mind about why you entered this trade, and you’d like to make some notes about it. Do the following:

1. In Tradervue, click “New Trade”. Enter TWTR as the symbol, and enter the notes that you want to capture:

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2. If there are tags you want to apply to the trade, add them here. If you’re using account tags, add a tag for the account.

3. If you’re using risk tracking, enter your initial risk.

4. Save the trade.

Now you have the trade saved, albeit with no executions yet.

Later in the day, perhaps you make an adjustment to the trade, and want to make additional notes. From the Trades View, find the TWTR trade, and click “details” to open it. Now you can enter additional notes, add/remove tags, etc. You can repeat this throughout the day:

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At the end of the day, import your data from your trading platform as you normally would. What will happen is the executions making up the first trade in TWTR will be attached to the empty trade you created earlier in the day:

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This is a very useful way to make the best use of your journal throughout the trading day. You can make notes on your trades when your thoughts are fresh in your mind, and not lose any nuance that you might miss if you wait until the end of the day.

Post journal entries from 1Writer on iOS

We’ve recently made some major additions to our API, and there has been quite a bit of interest around them. Today we will demonstrate a 1Writer action, where you can create journal entries and notes from the powerful markdown editor app on iOS.

After you’ve installed 1Writer from the App Store, you can install the Tradervue Journal entry action from the directory. Once installed in 1Writer, you’ll need to add your Tradervue username and password to the script, so it can use your account. Tap the “…” button in the lower left corner of the 1Writer editor, and tap the “i” icon next to the Tradervue Journal entry action:

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Then in the source code for the action, enter your Tradervue username and password at the top of the script. So change the first four lines to look something like this, but with your own username/password:

// Enter your Tradervue username and password below
username = "joe_user";
password = "seekrit";
//

Then you can close the action and go back to the editor.

Now, when you tap the “…” button in the editor, you’ll see a list of options:

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If you tap “Open today’s journal entry”, it will open the notes for today’s journal entry in the current note in 1Writer:

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You can then edit that entry, perhaps adding some additional notes to the end:

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Then tap the “…” button again, and select “Save today’s journal entry”, and it will be saved to Tradervue as you would expect:

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You can also save the current note in 1Writer as a new Journal note – if you haven’t used them before, see Journal Notes in Tradervue.

Note that this action is primarily intended as an API sample, and is unsupported – but that said, it’s super handy, so feel free to use it!