Features Release: Industry Bar Chart, Platform Enhancements 2018-02-12
Industry Bar Chart
The Bar Chart replaces the Rainbow Chart on the Market Tab. This better represents the movement of the sectors. In addition, the Industry types are more clearly identified by abbreviation, for example: Tech, FinSrv, Util for Technology, Financial Services, Utilities.
Change Log:
- Added Option to Mask Account Balances on Portfolio
- Fixed – Extend Chart functions display corrected
- Option Chain in Real Time reset issue resolved
- Tile Chart periodicity sticks to User Setting even when changing lists
- Options expiration default opening is 30 days out.
- Dashboard chart periodicity setting is resolved
- Enhanced Color Picker for charts, ‘Show Palette’.
- Added RT Chart Data for TDA accounts
Market - The Big Picture
Start here for the overall outlook.
Designed to show what the overall markets are doing by viewing the graphs, charts and maps. You can change the time frame to check trends, use the maps on the right side of the page for a picture of sectors in relation to the market. Even drill down to industry within the sector and more.
Color Codes of The Trade Journal
The Tabs on the Journal are Color Coded for Easy Understanding of the Trade
Primary Tab Color Coding (see below for expiration tab coding)
Note: Orders are automatically updated when you check order status. Just make sure to select the time frame to cover the trades that need updating
Light Blue
Active Live Order
This indicates that you have a current live order
Dark Blue
Trade – Open
This indicates the opening transaction of a trade
Gray
Expired or Canceled Order
This can be from a order that you canceled, or a day order that did not get filled
Green
Closed Trade – Profit
This indicates a trade that you closed for a profit
Red
Closed Trade – Loss
This indicated a trade that you closed for a loss
Yellow
Closed Trade – Unmatched – Requires action to match to related
trade. Expand tab to see detail of trade.
Unmatched Trades can happen if there are multiple trades and an entry trade needs to be identified or because a multi-leg trade was split on exit, or change of stock position when an option expired (exercise/assignment)
This is easily matched by clicking the edit icon (pencil) and selected which open order to match to. In some cases there may only be one, and it is simply a verification.
Expiration Tab/Tagging Colors
Red or Green with No Color Tagging
This indicated the option trade expired Out of the Money (OTM)
There were no options exercised or assigned through expiration
Red or Green with Dark Green Color Tag
This indicated that there were ITM options exercised/assigned
However, there was no change is stock ownership. Example: Bull Call where both legs were exercised/assigned.
Red or Green with Yellow Color Tag
This indicates a change in stock ownership through exercise/assignment
This will happen with single leg options trade or where one leg of a spread was ITM at expiration
It is important to reconcile expired traded to properly display profit. If there are unreconciled expired options, the reconciliation window will automatically display when you go to the options tab.
Market Overview: Get more of a broad view
View activity of the NYSE, Nasdaq or American Stock Exchange by time frame. The upper area of this part of the Market Tab shows the number of advancing or declining stocks by sliding your cursor along the graph.
Likewise, the bottom portion of shows the number of stocks that reached their 52-week High or Low by sliding your cursor along the lower graph.
The constant figures show the number of stocks in each category for the current/most recent trading day.
Portfolio
Manage Your Portfolio from the Platform
With Brokerage Integration you can trade directly from the platform with select brokerage firms. Currently TD Ameritrade and Choice Trade are available. With more on the way.
Market - Index Overview
In the default Graph View, get an visual view of Market or Volatility Index activity by a 1-day or 1, 3 or 6 month time frame. By sliding your cursor along the graph, an activity box will display more in-depth activity: Every two minutes for the 1-Day Graph, or Daily for the 1, 3 or 6 month graph.
The current market activity/most recent trading day, regardless of time-frame, is present on the default view under the Index box selections – or by selecting the List View to get: Current, point change and percentage change (green = positive, red= negative).
Strategy Template
A Strategy Template provides a shortcut to quickly create an option strategy, virtually eliminating structure errors. Once selected, you can modify the structure within the template using the tools on above the option tables: Moving Strikes up/down, rolling Time out/in, widening or narrowing Strikes.
Some strategies can be changed from all Calls to all Puts (and vice-versa).
Note: The templates will not allow you to exceed certain parameters, as attempting to do so would result in an invalid strategy. This is a built-in safety net and you would receive a notice similar to:
Watch - The Next Step
The Outlook.
You’ve checked the overall markets, found some stocks with matching outlook. Now to keep track of them. This platform allows you to create customized Watchlists – always with the ability to manage them by adding to transferring between or deleting from any list.
View them by a List or Tile View. Both options give you navigational tools to further research such as action arrows and The Score icons.
Tile View offers 1 Day, 1 Month, 3 Month and 6 Month periodicies.
List View allows you to sort stocks by symbol, most recent price, Change, % Change, etc.
Both Tile and List View a ‘bird’s eye view’ of the stock, can be moved to the Reseach Tab, added, transferred or deleted from a Watchlist.
“Personal Watchlists” – create your own lists tailored to your strategies and current market conditions.
Default lists such as “Large Cap”, “Main” and “ETFs” are already included.
“Active Watchlists“- lists stocks most active, gainers/losers and those at their 52 week high/low.
“Dynamic Watchlists“- are system generated and maintained lists.
“Virtual Watchlists” – automatically populates with the stocks trading in your virtual account.
Options Navigation
Expirations are displayed above the Option Table.
Select the months to view by clicking on the appropriate box. All available dates are displayed. Remember, the further out the option expiration is, the fewer dates are available.
Toggle between Calls Only or Puts Only view.
Change Option Table views to Pricing, Value, Greeks, Trade or new Custom views you create to suit your needs.
The small tab on the left side of the table will collapse the stock summary box & widen the option table.
The scroll bar on the right side and slide bars at the bottom on the table offer additional navigation.
Research
Narrow the field to find the highest probability trades.
Stock
You’ve narrowed the field by selecting potential candidates matching the outlook and selected strategy, but which of those have the highest probability of success? Research allows you to drill down for information as much or as little as you want.
The Dashboard provides an overview: Quote Detail, The Score, Activity such as News/Earnings/Dividends and information about the Company and a list of other company stock symbols in the same industry. Each component has it’s own tab to provide more detail.
Components of The Score are designed to keep the information available to you, but out of the way when you don’t need it.
The Options Tab offers Strategy templates, option chains, snapshots and definitions of strategies, P/L Graph with Risk/Reward ratio, Analytics and Stock/Volatility charts.
The Activity Tab includes a Beta version of the Journal as well as News and StockTwits ®