TradesViz Review (2022)

TradesViz Review – TradesViz is an online trading journal that provides multiple tools for performance analysis, visualisation, note-taking, research, and more.

Brief Overview

Although TradesViz isn’t a brokerage firm, trading in some securities is possible. Its primary focus is on trade analysis and research.

It has many tools on its website and is straightforward to start. A free trial exists, and there is a suite of learning videos.

Without further ado, let’s take a look.

Services Offered

On the TradesViz platform, it’s possible to perform a wide variety of analyses on trade performance. These include:

• Stop-loss tracking
• Custom trade reports
• Data export
• Trade Comparison
• Auto broker import
• SEC 13F data analysis
• Greeks vs trade performance for options
• Manual trade import
• Interactive stock charts
• Deposit/withdrawal tracking
• Economic calendar
• And more

For actual trading, TradesViz is only compatible with Tradier.

However, the TradesViz platform can accept imports of trades for analysis from multiple brokers. These firms include:

• Robinhood
• TD Ameritrade
• Interactive Brokers
• Webull
• tastyworks
• TradeStation
• Fidelity
• E*Trade
• Lightspeed
• And more

The downside of this service is that sometimes a file must be emailed by the broker. Robinhood is one example. Because of Robinhood’s lacklustre customer service, there could be a delay in receiving the file. I could download a file directly from my TDA account to import my trades from TD Ameritrade.

Software Overview

The TradesViz website is, of course, where the action begins. A single login is all that is required to get started. The website offers to remember login.

There are two colour themes: light and dark. The toggle switch for this is in the upper-right corner. Here, the main menu will also be found. It is represented by three horizontal bars.

Next to this is a video icon. Click on this, and you’ll get a list of 25 educational videos. They’re a good resource for learning the available tools.

The dashboard is where a lot of the trade analysis will take place. It can be entered by clicking on the main menu and selecting Home.

Calendar

The TradesViz platform also groups trades by date. Just click on the Calendar tab under the left-hand menu. I found my trades detailing total executions, fees paid, cumulative volume, and more. Data can be exported in many set-ups, including spreadsheets and pdf.

Notes

Under the Overview tab in the Home menu, there is a Notes sub-tab. Click on this, and you’ll get to scroll through all the notes you’ve added to the platform.

Notes can be added at various places on TradesViz. These include an order ticket or within the Notes sub-tab itself. There are many text tools so that letters can be highlighted, bolded, and so forth. Images can be added to the body of a message as well. It is an excellent opportunity to add a screenshot of a chart.

Notes can be colour-coded according to their tags. There are no pre-installed tags, although creating your own is easy. Letters can easily be edited, deleted, and exported.

Trade Details

The Explore tab is where TradesViz keeps a record of trades. User-friendly tiles show valuable data, including:

• Realized return
• Open and close prices
• Share button

Subscriptions

Although TradesViz offers some of its free services, most of them require a paid subscription.

A 25% discount on the monthly price is available by signing up for an annual membership.

The free plan comes with these features:

• Ability to import 3,000 executions per month
• PnL charts
• Basic stock charts
• Two indicators per chart
• 50+ performance visualisations
• Fundamental analysis of stocks
• One trading account

The Pro plan delivers a little more:

• Customizable dashboard
• Interactive charts
• Risk-performance stats
• Auto insights
• Commissions and fee tracking
• Trades vs markets performance
• Up to 10 trading accounts
• Company events on the economic calendar
• More plot styles on charts

And finally, a Platinum subscription delivers the best experience:

• Actual trading with a linked Trader account
• Options flow analysis
• Trading console in the dashboard

A Trader account  requires for order submission. Trader has a fee schedule, which includes $0 commissions on stock and ETF trades. Options contracts are 35¢ each. Assignments and exercises are $9. A $50 inactivity fee can avoid by meeting various minimums. IRAs have annual and termination fees.

While TradesViz’s subscription plans are pretty reasonable, tacking on a Trader account significantly changes the pricing.

A 7-day free trial exists on the Pro plan. It is an excellent way to unlock all its features and try it. A credit card is requires. You’ll need to cancel within seven days to avoid charges.

The stock screener costs an additional $9.99 per month (or $4.99 per month with a yearly subscription).

Conclusion

TradesViz has a user-friendly platform for trade journaling and analysis. Although the starting cost is lower than some alternatives, adding more features makes the value questionable.