Coming Soon, Invest and Trade Like A Pro! Trade Tracking Software!!!
In the working thesis, it says, "track all gains and losses". So here we go. Does your head spin from managing many different strategies and time-frames at the same time? Subscribe!
Of all the trading and investing technical elements, amateurs are the worst at risk and money management. How do we know? We have an X account. Sentiments are almost always driven by being SIGNIFICANTLY over or under positioned in a market.
When you don’t know where you are… emotions take over.
Here is a wire-frame of what we’re developing for position sizing and money management.
In this display, DCA (Dollar Cost Average) in and out of an open trade improves cost basis and amount at “open” risk. Right now we’ve configured an example USELINK - TA #commodities trade to max 25k on open cost basis. We have other many other configured strategies for my RIA, clients and long term etcs.
Do we trim at key resistance? What is the current cost basis relative to budget? The “trade” is defined by weekly chart, the “positions” are daily or sometimes lower. This isn’t our reporting layer, its just trade logging from execution. The tool is meant to answer the question “should I add more here?” “should I take off?” etc. We we’re satisfied with the pre-existing software on the market (though there are many options that are very affordable).
so… RIP software... build it. We will publish the initial version here substack when testing is completed. Make sure you subscribe to get notified!
Minimum requirements:
Excel 365 license (updated) - local install
Wisesheets Addin Strongly Recommended (Affiliate Link)
What other kind of features are you looking for? Leave a comment and share!