Stock Trading Software Reviews

The worst and best in stock trading software

Apr
14

TickerLog Review

Posted by DeMerchant

Stock trading is becoming quite popular. There are many reasons why, but primarily it’s because if you know how to trade successfully, the money is yours for the taking. In this case, you’re going to need dependable stock trading software – like TickerLog, created to help stock traders log all their trades so that they can review and profit from them.

There are different kinds of traders. Some traders use their instincts more than anything else, whereas others rely on pure, unadulterated logic. Keeping a sort of trading diary is something all traders need. No matter what kind of trader you are, you can benefit from maintaining a record – or a log – of your trades. This will allow you to study the information from time to time so you can identify your mistakes and learn from them, and recognize your strengths and develop them. In this TickerLog review, you’ll see that this software is one you can use to keep a journal of your stock trades in your computer. Its features include a color-coded table format for easier analysis, as well as easy-to-navigate buttons for completed trades and open positions.

Pros

TickerLog indeed has many positive qualities. The software’s interface is quite intuitive, not to mention very user-friendly; it makes keeping track of wins and losses – plus expectancies – relatively easier, and you can do so with every trade you make. You can even update the emotion to match your mood, thanks to color codes that you can use to your advantage to effectively track down trends and identify problems. The controls are very accessible so you won’t have any difficulty creating an entry. There are three panels involved, namely the trade summary panel, the trade entry panel, and finally the completed and open positions panel. The trade summary panel works to summarize and then display the consolidated amounts of wins, losses and expectancies. It keeps your portfolio organized. There’s an edit summary tab that allows you to make edits; you can add or remove cash, reset wins/losses/expectancies, etc. The trade entry panel permits you to key in data that are related to trade. This can help you keep track of all important fields. It also has a comments field that allows you to input your thoughts for future considerations. Finally, the completed and open positions panel gives you the overall picture.

Cons

But just like any other software out there, TickerLog also has its share of negative qualities. This particular software only has one significant flaw, and that is the fact that whatever decision you’re going to make will be based solely on your trading history. The thing is, some experts are of the strong opinion that in order to be an efficient trader, market movement as well as technical analysis data must also be taken into account – and these things are not included in the software. Still, one of the stepping stones to success is knowing your strengths and weaknesses – and this software will definitely help you achieve this with ease.

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