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“Excellent!
You have a killer combo here, with your Trading Log, Reporting,
and Risk Reward spreadsheet, I always know how my trading
strategies are working Thanks!” -H.
Alemany
Nothing comes close to what TradeSmart has to offer
as far as its simplicity and straight forward ease of use,
yet it’s packed with all the bells and whistles you would
expect from a powerful trading software program.-D.
Mcmann
Never
again will I worry about big losses, calculating my Risk
Reward Ratios, or spending countless hours trying to speculate
on which of the strategies I use actually work. No matter
what markets I trade in I use TradeSmart!" -
A. Easton, NY
Why
start from scratch when for only $14.95 you can have a spreadsheet
that does so much?
What
Does TradeSmart Do?
Risk
Reward Calculations:
Current Capital
Default Capital Percent to Risk
Amount of Capital at Risk
Default Stop Loss Percent
Recommended Stop Loss Price
Recommended # of Shares to Buy
Trade Risk Dollars
Trade % of Capital At risk
Trade Price Objective Profit/Loss
Risk Reward Ratio
At Work Dollars
At Work % Risk
Reporting
Profit and Loss by Month and Year
Chart of P/L by Month and Year
Extensive Risk Reward Analysis
Commission Analysis
Profit and Loss by Strategy
Chart P/L by Strategy
Track Commissions
Custom Report Builder
Custom Chart Builder
Trading
Log
Account Calculations:
Starting Capital
Current Capital
Open Trades Risk
Open Trades Price Objective
Open Trades Risk Percentage
Open Trades Risk/Reward
Open Capital At Work
Percent of Capital at work
Actual Total Profit/Loss
Per
Trade Calculations:
Account Risk
% of Capital At risk
Price Objective
Price Objective Profit/Loss
Risk Reward Ratio
Actual Profit/Loss
Capital
Capital At Work % P/L
Capital At Work % Risk
# of Wins
# of Losses
Open Trades Risk
Open Trades Price Objective
Profit/Loss
Open Trades Dollars at Work
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TradeSmart
Features
Capital Preservation is the Goal
One
of the main ideas behind TradeSmart is to give the trader the
tools to preserve capital so as to live to trade another day.
Before you ever enter a trade, the first thing you should ask
yourself is how much money am I risking here and can I afford
to lose it? One of the most common mistakes new day traders make
is that of "risking the whole wad" on one or two stocks.
Thus,
TradeSmart’s risk reward module is
designed to help you define your risk reward parameters, exit
points, stop loss limits, profit targets, entry point, amount
of capital to commit to a trade, risk/reward ratios, at work dollars,
and at work % risk. Therefore, you can make smart choices before
making your trade. View the Risk Reward
Tutorial.
The
account status window allows you
to view all important risk reward ratios on open trades as well
as the current profitability of your completed trades.
The
trading log allows you to keep track of all your trade.
It performs multiple calculations on your trades automatically.
It has full support for long and short trading. Trade positions
may be edited at any time. View the Trading
Log/Journal Tutorial.
The
reporting system is written using Microsoft excels pivot table
thus giving you unparalleled power in writing reports. The system
comes with predefined reports and charts included, but by using
the custom report builder your report possibilities are endless.
View the Reporting System Tutorial.
Many
active traders fail because they trade "on the fly", without the
benefit of any pre-determined trading plan. It is absolutely critical
to have a complete, well-thought out plan of action before entering
any trade. This includes the number of shares you will buy and
at what price, the price at which you will sell the shares (if
they go up) and the price at which you will sell the shares (if
they go down) to cut your losses. Once you develop a plan, stick
to it and do not change it solely as a result of your emotions.
Discipline is the vital key to day trading success! TradeSmart
is the key to your discipline.
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