TraderVue Review
  • Trading Journal
  • Trade Analysis Tools
  • Broker Integration
  • Social Networking
  • Value
4

Summary

TraderVue doubles as both a trading journal and a social media platform. It allows you to share your trades with the entire TraderVue community, meaning you will carefully think through trades. Discover if this trading journal could work for you.

About TraderVue

TraderVue is a trading journal that doubles as a social media platform for traders. The platform allows you to share your trades with the TraderVue community and to hold traders accountable for their trading decisions. The theory behind a platform like this is that traders will more carefully think through their trades when they know that they will be publicly displayed, it will make traders think twice about those emotional revenge trades.

tradervue dashboard

TraderVue’s main competition is Profit.ly, a similar trading social media platform run by penny stock trader Timothy Sykes. In this review we’ll go through the pros and cons of TraderVue.

Pricing Options

TraderVue has three account tiers, with one of them being free, and two of them paid.

TraderVue Free

The free plan actually offers an impressive amount of functionality compared to most free plans. While a large amount of the non-commoditized benefits of TraderVue lay within the paid plans, traders looking for a basic, sharable trading journal will likely be happy with the free plan.

Here is what is offered in the free plan:

  • 100 stock trades/month
  • Journal
  • Reports
  • Sharing

TraderVue Silver

Price: $29/month

The Silver plan is where you begin to get some of TraderVue’s proprietary benefits, as well as lifting the asset class and trade quantity restrictions that come with the free plan.

Here is what is offered in the Silver plan:

  • Unlimited trades
  • Stocks, Options, Futures, Forex
  • Enhanced Journal
  • Advanced Reports
  • Sharing

TraderVue Gold

The Gold plan is TraderVue’s most expensive plan where the most functionality is included. The main difference between Silver and Gold is the addition of risk analysis tools in the Gold plan.

Here are the Gold plan’s offerings:

  • Unlimited trades
  • Stocks, Options, Futures, Forex
  • Enhanced Journal
  • Advanced Reports
  • Sharing
  • Risk analysis
  • Exit analysis
  • Commissions/Fees

Plan Comparison

TraderVue includes a table comparing the benefits of the three plans on their website. Here is the breakdown:

tradervue table

Features

Automatic Chart Generation

tradervue chart

This is a subtle feature that is one of the cornerstones of TraderVue. It automatically creates charts for multiple time-frames, marking your trade entries and exits on them. It makes looking back at trades, and remembering them much easier.

Imagine yourself trying to review your trades, you would have to have a charting platform open on a seperate screen, or if you only have one, switching between your journal and charting platform just to see your historic trades on a chart.

Journal Filtering

tradervue filter

This is another feature I like, although it isn’t as unique as the chart generation. Every trader has those blockbuster days or weeks where they make or lose a lot of capital. It can be immensely helpful to lookback on these days with the benefit of hindsight.

You can filter by stock symbols, tags, trade types, trade duration, and time periods. All types of trends can be found within this data, which speaks for the necessity of a trading journal for a serious trader. You may find that no matter what type of trade you take, you can’t make money in the S&P E-mini futures, but you have a very positive expected value in Soybean futures. Or, you can find that you’re terrible at trading futures altogether, and if you stopped trading them and stuck to stocks, you’d increase your performance twofold.

Coach/Mentor Access

tradervue mentor

TraderVue allows you to give coaches or mentors access to your journal. An experienced trader is going notice more trends the journal data then an intermediate trader, and can plug leaks in a trader’s strategy quickly before they lose the trader too much money.

Advanced Analytics

Your journal data is parsed into a personal trading analytics dashboard, making it easy to spot trading leaks or strengths quickly.

Tag Reports

tradervue tags

If you use TraderVue to its full extent, and properly label all of your trades, it’s amazing how quickly you can spot trends in your trading.

Look at the chart above, clearly, the trader should stop with his grab-bag style of trading and stick to momentum trading, it makes the majority of his money by a large margin.

Trade Duration Scatter Plot

This is one of hundreds of combinations of charts/reports you can generate. Look at what trade durations make or lose you the most money.

tradervue scatter

Sharing

TraderVue Review

The social aspect of trading can be a double edged sword. While it’s great to hold yourself publicly accountable, the drawbacks can be a death kiss to a novice trader’s account. Too many traders get caught up in shiny-object syndrome, wanting to try on everyone else’s trading styles, instead of sticking to their niche.

However, if you are disciplined enough to stick to your niche while learning from other traders in different niches, the social aspect of TraderVue will pay you dividends.

Who is TraderVue Best For?

If you have more than a few thousand dollars in your trading account, a subscription to TraderVue will pay for itself, and that’s basically inarguable. There are two factors that one must take into account when deciding on a TraderVue subscription, however. The first, is whether a trader would be better suited using a competitor’s product, and the second is whether they are disciplined to use the journal to its full extent. The advanced analytics mean nothing if you don’t feed the journal correct or sufficient data.

Two competitors come to mind when discussing TraderVue, those are Profit.ly and EdgeWonk. While each trader will come to their own conclusion, TraderVue has much better analytics then Profit.ly, while Profit.ly has slightly better and more active social networking. EdgeWonk, on the other hand, has arguably better analytics than TraderVue, without any social networking capabilities.

EdgeWonk is a one-time flat fee of $169, while Profit.ly costs anywhere from $29 to $79 per month.

Pros

  • Great analytics
  • Competitive pricing
  • Easy to use web-based platform

Cons

  • Subscription pricing, compared to EdgeWonk’s flat fee
  • Profit.ly’s social networking is more active