What Tradealyze can do for you
Tradealyze is not a trading system but a potent risk and money management tool aiding in portfolio management grounded in robust statistical, mathematical, and psychological principles.
You can use it as a standalone portfolio tracker, logging trades without separate spreadsheet software. Alternatively, dive deep into the analysis algorithm for real-time feedback on your trading history to refine your strategy.
Either way, Tradealyze takes care of your tedious money management tasks, thus freeing up your time for the hard-to-learn investing skills.
Basic track & planning functionality
You create a virtual portfolio and execute trades within it. Central to this is a smart trade planning feature allowing you to strategize future market operations while understanding their complex impact on your portfolio. Easy as pie.
Refine your investing prowess
Tradealyze goes beyond typical portfolio tracking by independently evaluating each trade and entry setup. It helps determine if your trading is statistically viable, allowing you to retain only effective techniques.
By setting stops at your chosen price level, Tradealyze calculates the required shares to match your risk tolerance. This iterative process helps establish a solid base system while leveraging your overall investing and trading skill.
Do you miss a feature?
Tradealyze is essential in our own daily market operations and we truly acknowledge the diverse preferences and techniques of traders and investors.
If you miss any crucial feature, please let our development team know! dbb8b4b5afbab8af9bafb3acbeb2a8f5b8b4b6
App Structure and Terminology
Navigation
The primary and secondary app views and pages accessible through the navigation bars.
Enter new position, view your open positions, recent actions and live portfolio stats.
History of all closed positions of the active portfolio
Custom list of symbols, ideas and preset positions.
Go deep into analyzing your performance, single trades and entry setups.
Switch between portfolios and manage them. Accessible from most views.
Adjust portfolio and global settings.
Notifications and alerts from us the or Tradealyze algorithm.
Personal info, security settings, subscriptions, invoices.
Terminology
Investing terminology and jargon and their interpretation by Tradealyze.
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Portfolio
A account (typically at a broker) which can consist of various financial assets such as stocks, currencies, ETFs or crypto.At Tradealyze you create virtual portfolios because we are not a broker. Virtual portfolios enable you to track activity in a real broker portfolio even without an API connection.
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True equity
The portfolio's monetary value including realized and floating profits & losses. Expressed in one currency (typically your base currency). -
Balance
The portfolio's realized monetary value excluding all floating profits & losses. Expressed in one currency (typically your base currency). -
Position
Represents a portion of your portfolios equity. Buy and sell trades for the same symbol are grouped into positions. -
Subtrade
A single buy or sell trade for the same symbol. Subtrades make up a position. An open position has at least one subtrade (entry). A closed position has at least two subtrades (entry and close). -
Size %
The position's equity percentage in the portfolio. Can be measured against true or specific equity. -
Risk %
The position's equity percentage in the portfolio at risk of loss when the stop loss is triggered. Can be measured against true or specific equity. -
Long or short
If the initial subtrade is a buy (positive shares), the position is long. If the initial subtrade is a sell (negative shares), the position is short.The Tradealyze logic could convert a long position into a short one, and vice versa, by adjusting the total shares to positive or negative through appropriate sells and buys. While this feature is currently disabled, it can be easily added. Let us know if you require it.
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Open or closed
When shares of an open position hit zero, the position is closed and moved to the history view. -
Stop (loss) price
The asset price at which closing your position results in only losing your defined risk %. Without a stop loss, the risk equals the size. -
Stop (loss) %
The percentage difference between your average price and the stop price. -
Adding and cutting
An "add" means increasing the position size by increasing the total shares, while a "cut" indicates decreasing it.An add doesn't always imply a buy order. When short, with negative total shares, an add would mean a sell order. Adding a -20 share sell order to a -120 share short position results in a larger short position of -120 shares.
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Average price
The actual weighted price of your position, factoring in adds and cuts. When the stock quote matches your average price, your position is at break even.Tradealyze calculates the real average price by keeping proceeds (realized profits/losses from cuts) a part of the position calculation. Brokers often deduct cut proceeds, rendering the now unchanged average price useless for overall position evaluation.
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True or Specific
Indicates whether metrics like size % or risk % are based on the total real-time portfolio equity (True) or a equity snapshot at the time of position entry (specific). -
Initial
The "initial" tag marks a position in its establishment phase, potentially spanning multiple sub-trades as you "work the entry". -
Compounding
Retaining profits in your portfolio enables the potential for exponential growth. Tradealyze offers three sensible compounding models to choose from.As per Einstein, "Compound interest is the eighth wonder of the world. He who understands it, earns it... he who doesn't... pays it." Compound interest is the very reason why the financial markets are worth the risk and Tradealyze helps you earn it!
Structure and hirachy
Core concepts explained
A: The specific equity snapshot explained
The true equity is the current real-time equity of your portfolio, also known as equity with loan value (ELV) by brokers, including all unrealized floating profits/losses. The true equity fluctuates with changing prices of open positions, inflows, and outflows.
Tradealyze also captures the specific equity, an equity snapshot at position entry. This specific equity snapshot is fixed for a given position and won't change.
The specific equity varies based on your compounding settings:
- High compounding (aggressive) Specific equity equals true equity at position entry.
- Standard compounding Specific equity equals true equity minus all unrealized profits not secured by trailing stops.
- Low compounding (conservative) Specific equity equals true equity minus all money at risk. It is the equity you would have left if all open positions hit their initial stop loss.
Standard and low compounding mitigate betting with unrealistic peak profits, thus reducing risk, albeit potentially lowering the portfolio's compounding rate.
B: TRUE and SPECIFIC prefix explained
Upon entry, position percentages, such as size % or risk %, are based on specific equity, but they can alternatively be calculated against true equity.
Tradealyze distinguishes this with "specific" and "true" prefixes. Users can switch between the two on each add or cut.
In a market frenzy, your positions peak in profits. You open a new position at 10% size with high compounding. As the market declines, open positions give back floating profits, leading to the portfolio losing half its original value, effectively doubling the new position's size to 20%. Risk also doubles, requiring size reduction or stop adjustment to adjust it back to your comfort level.
In numbers:
but the True size % increased to 20% ($10 000 / $50 000) The Specific risk % is fixed at 1% ($1 000 / $100 000)
but the True risk % increased to 2% ($1 000 / $50 000)
In the example given, true size and risk increases over time due to significant portfolio loss. Conversely, both values can also decrease if the true equity of the portfolio increases.
Opting for a standard or low compounding setting would result in a lower specific equity since floating profits are excluded from the specific equity snapshot, thereby reducing risk.
Summary:
- True Size % and true risk %
Measured against the actual true equity of your portfolio. - Specific Size % and specific risk %
Measured against the fixed specific equity of your position.
As a rule of thumb, you'd utilize true values for portfolio-driven add or cut decisions (practical portfolio allocation management) and specific values for decisions arising from individual investment ideas (objective position and trade analysis).
C: The position establishment phase aka "Initial" tag explained
What was the original risk % of a position in the heat of the moment? Was it the specific risk % of the entry trade? Reasonable! But what if you made a couple adds and cuts quickly before you fully established your position?
Thats where the "initial" tag comes into play, it marks a position in its establishment phase,
potentially spanning multiple subtrades as you "work your entry".
The initial specific risk %, represents the real original risk
of a position. It is a key metric for performance evaluation.
The first entry trade of a position is always tagged with "initial." Once you've logged a subtrade without this tag, you can't add it back in subsequent subtrades.
Tradealyze automatically detects when a position's price has changed significantly from the entry
and removes the "initial" tag for you, indicating that the position is likely no longer in the
establishment phase.
Alternatively, you can overwrite and adjust this manually.
Setting up your first Portfolio
Starting equity
...coming soon.
Maximum trade risk
...coming soon.
Maximum position size
...coming soon.
Fees and commissions
...coming soon.
Algo
...coming soon.
ZEN mode
...coming soon.
Profit/risk ratio alerts
...coming soon.
Compounding
...coming soon.
Decimal places
Decimal places determine the precision used when displaying prices, percentages, and share quantities. For prices, this helps in accurate pricing of assets, especially those with smaller movements. For shares, enabling decimal places allows for fractional shares, which lets you trade portions of a stock, not just whole shares. Adjusting decimal places can improve clarity and precision in your trading decisions.
Manage your portfolios
...coming soon.
Portfolio statistics
...coming soon.
Your positions
...coming soon.
Create a new position
...coming soon.
Add/cut or edit a open position
...coming soon.
Position subtrades
...coming soon.
Your trading history
...coming soon.
Analyzer and performance
...coming soon.
Performance metrics
...coming soon.
Finding a base system
...coming soon.
Traderisk and positionsize
...coming soon.
Forward expectancy
...coming soon.
System viablilty
...coming soon.
Analyze dashboard
...coming soon.
Setups evaluation
...coming soon.
Create your own entry setups
...coming soon.
Your actions
...coming soon.
Your latest actions
...coming soon.
About your user account
...coming soon.
Profile information
...coming soon.
Account security
...coming soon.
Subscription management
...coming soon.
The notification system
...coming soon.
Your watchlists
...coming soon.