So, you’re on Google, trying to figure out if Tradervue is the real deal or just another scam. You’ve heard mixed reviews and can’t decide if this trading journal is for you.
Well, let me tell you, you’ve come to the right place. We’ve got the inside scoop on everything Tradervue, from its features to pricing.
So, let’s dive into our Tradervue review and see if this trading journal is worth your time and money.
About Tradervue
When Greg Reinacker, a former day trader, founded Tradervue in 2011, he had a clear goal: to make keeping a trading journal as easy as possible.
And that’s exactly what he did. With Tradervue, you can import your trades from external brokers and analyze them in one place. This includes not just stocks and ETFs but also Forex, futures, and options.
Plus, since Greg knows what it’s like to be in the trenches of day trading, you can trust that the platform is designed to cater to the needs of short-term traders.
Tradervue Features
- Auto Import
With a Tradervue account, you can input your trades manually by importing an Excel file or typing them in. However, you can import your trades directly from a compatible broker or trading platform to save time.
This feature lets you easily connect and import trades from various brokers and trading sites.
- Trade notes
To utilize the note-taking feature in Tradervue, simply navigate to the “Dashboard” on the top menu and select “New Trade.” From there, you can input a ticker symbol and add notes about the trade.
The platform saves your notes and organizes them in chronological order, providing a useful tool for tracking your decisions and reasoning behind them.
- Chart analysis
With Tradervue, you can view multiple charts with different technical studies, time frames, and entry and exit points. You can compare different trades and analyze your profit and loss over time.
The software also allows you to drill down on intraday trades and analyze individual trades or the day’s total. This feature can be handy for better understanding your trading performance and making informed decisions.
- Share
Think of it like a social media platform but for traders. You can post all your trades, whether winners or losers and add hilarious notes about why you took those positions. And the best part? You get to decide which trades you want to share and which you want to keep to yourself.
- Reports
Imagine being able to look at your trading performance in a whole new way, like viewing it through a microscope. That’s what Tradervue’s advanced reports allow you to do. With a few clicks, you can easily create custom graphs and charts that give you a detailed look at various trade attributes.
It’s like playing with a combination lock, but instead of a lock, you have many data points to choose from, like volume and gain or loss.
How Much Does Tradervue Cost?
Tradervue offers a variety of plans to suit your needs as a trader. The Basic Plan provides basic features to get you started, while the Silver and Gold Tiers offer advanced reports and tools to enhance your trading performance.
Basic Plan: This plan is free and allows you to post up to 100 stock trades monthly. If you need more features, paid plans are available.
Silver Plan: For $29 monthly, you have access to over 100 advanced reports and can track stocks, options, futures, and Forex in the enhanced journal.
Gold Plan: For $49 monthly, the Gold Plan includes all the tools in the Silver Plan and adds risk analysis reports, exit analysis reports, commission and fee support, and liquidity reports.
Pros and Cons of Tradervue
Pros
- Keep track of your trading progress with a robust journaling software
- Easily monitor your trading history and P&L with the platform’s tracking tools
- Learn from experienced traders through the built-in trading community
- Try before you buy with a free version and a trial option
- Gain access to detailed and informative reports
- Unlimited trade entries with the Gold and Silver plans for maximum flexibility
Cons
- Limited features available on the free plan
- Few options for chart customization
Tradervue Alternatives
If you’re in the market for a trading journal, but Tradervue isn’t quite what you’re looking for, have no fear. There are other options out there. For example, Topsteptrader is a great alternative for those looking to improve their trading performance through simulated trading.
TraderSync is another option, offering a unique approach to journaling by analyzing your behavior during trades. And lastly, Trademetria offers a more in-depth analysis of your trading, including risk management and portfolio management.
You can go through this Tradesync vs Tradevue review to see how both platforms compare.
Each of these alternatives brings something different to the table, so it’s worth exploring to find the perfect fit for you.
Is Tradervue Worth It?
Tradervue offers a range of features that can help you improve your trading strategies, such as journaling software, trade tracking, and P&L reporting. The sharing community feature allows you to learn from other traders, making it an excellent tool for gaining new perspectives and insights.
One of the most attractive benefits of Tradervue is its pricing, which is more affordable than many of its competitors, with some services charging up to $100 per month for journaling trades.
If you’re searching for a comprehensive and cost-effective solution for tracking your trades, sign up for Tradervue.
Interesting Related Article: “What Are The Patterns In Financial Trading?“