TraderVue Review: The value of journaling your trades cannot be overstated. And if you’re considering Tradervue today, you already understand the importance of tracking your trades to learn what works for you and what doesn’t. If you’re new to trading, you should analyze your trades on a regular basis. As a result, you’ll learn what works for you and what doesn’t.
Table of Contents
Tradervue Trading Journal Review Introduction
TraderVue is a combination of a trading journal and social media platform for the trading community. Their service allows you to share your trade history with other traders from around the world. As someone who struggled to consistently keep a trade journal at the beginning of my trading career, I was looking forward to writing up this Tradervue Review. Part of the challenge wasn’t just having the discipline to do it.
It was to overcome the tedious task of data entry. Yuck! But then I discovered Tradervue where I could import my trades from my broker.
I ended up trying many other journals after my initiation to online journalling with Tradervue. Turns out they’re not the only one allowing the import of the transactions from the broker, but Tradervue is among the better ones.
From Journaling to Sharing
Tradervue began in 2011 after Greg Reinacker, the former founder and CTO of NewsGator, wanted a tool to review his own trading history. He originally created it for his own personal use.But after showing it to others, he decided it would benefit the trading community, and Tradervue was born. So Tradervue became a combination of a journal and social media platform. Tradervue can be helpful to traders who wish to up their game by analyzing their trading history or even sharing it with a community of fellow traders.
Hindsight is truly 20/20, and having your entire trading history at your fingertips in an easily searchable and well-organized manner can be quite edifying.
Check out our stock market tools for more information along with our Tradervue review.
Analyzing & Reporting
Traders can import files into the Tradervue journal, then add notes and their choice of tags for later filtering and analysis. The more data entered, the more eye-opening the results will be.
When the trader is ready to do an analysis, you can filter the trades by symbol, tag, side, duration, or date range. Charts are automatically created with the trade entries and exits marked on them.
Tradervue produces an array of types and combinations of reports, intraday or multiday:
- Overviews of Profit & Loss, Volume and Win %
- Comparison reports
- Tag reports based on the tags the trader entered
- Tick-based reports, which can also be based on return in US dollars
- Risk Analysis reports
- Liquidity reports
- Advanced reports based on the trader’s choice of data
- Detailed reports and statistics based on price, symbol, volume, day/time, etc.
For traders who use multiple currencies, Profits & Loss data is available in both the native and base currency. Hence this Tradervue review.
How Do You Trade a Journal and Use TraderVue?
- TraderVue has great tutuorials that will show you how to use them and their trading journal. As of this Tradervue review, Tradervue enables users to import their trading data from over 70 brokers and platforms. Trades from a text or Excel file is “up-loadable” to the journal as well. Tradervue’s social media component enables traders to brainstorm together and learn from each other. You have the option to share trades with the entire community in the manner you prefer. Indeed, users have the option of controlling the amount of information they elect to share about their trades.
Private info such as profits & losses and volume are not made public unless the trader opts to do so. I was impressed by Tradervue’s Help section.
A list of the brokers and platforms that Tradervue supports is available here.
I found a wealth of information and instructions there, explaining in step-by-step detail on how to use every feature of the platform.
Even those who are not technically inclined would find what they need to get up to speed quickly on how to use Tradervue just by following the instructions posted there. Check out a list of the top trading companies.
Let’s look at their pricing in this Tradervue review. Currently, Tradervue offers 3 account options:
What Does Tradervue Cost? (Pricing Review)
- Free – The free account includes 100 stock trade entries per month in a basic journal, reports, and sharing.
- Silver – For $29 a month, traders get to enter an unlimited number of stocks, futures, forex and options trades in an enhanced journal with reports and sharing.
- Gold – For $49 a month, traders get everything in the Silver plan plus risk and exit analyses and the ability to log the amounts paid for commission and fees.
- A free 7-day trial is available for Silver and Gold plans. You can’t go wrong if you’re a part-time trader, given the free tier allows 100 stock transactions per month.
Tradervue Stock Price and Symbol: Are They Publicly Traded?
Investors cannot purchase shares of Tradervue because the company is privately held.
Tradervue Review Final Thoughts
Naturally, there are alternatives to Tradervue. Some are just as expensive, like this Edgewonk tracking software (although it is a one-time cost) and some are totally free, like this Trade Insights.
I did use both of those, but I mostly use an Excel Spreadsheet now to plan my trades and track the results. One of the reasons I stopped using Tradervue has nothing to do with Tradervue!
Most brokers compile the statement nightly, and you can only import the transactions the next day. Frankly, this is not practical if you have a short memory like me.
Over the years I found that planning the trades are as important as tracking and journaling. Actually, I met some experienced traders, who’ve developed a consistent winning strategy, that did stop journaling.
But they do continue planning ahead of each trading day.
