Traderflow The Trading Software Built To Fix Execution Emotions And Journaling
read summary →All right, so I’m going to talk about Trader Flow. I know a lot of you have already heard of it. I’m really excited about it. It’s we just released it jeez 3 months ago and I’m like we’ve done a lot in 3 months. So I forgot how do I uh There we go. So I just want to do a quick recap of everybody. So some of you all have already signed up and have already used it and tested it and everything. So just wanted to give a huge thank you to everybody. So thank you very much. [applause] Um especially to all the testers and everything. It’s you know in 3 months there’s you know looking at a lot of the other software on the market. There’s like you know TradeZella and Trader Jupiter and Trader Moon and Trader Clown Job or something. I don’t know. But like a lot of those other companies have these huge you know development firms with you know 100,000 people or 100 people or 50 people or more than three people and you know we have a ton of features that they already have with just our small crew. And there is like a huge key differentiator between this software and the purposes of that and a lot of theirs. I don’t want you to think that like oh this is just another one of the 20 tools that I have an indicator that’s going to help me you know pick my trade better and then I’m going to make a million dollars. This is really supposed to be kind of like transformational thing to take things that like On Mall already you know teaching and just kind of help you facilitate and like make that a part of your core like personality and transformation to help you like better treat this as a business and you know be successful. Yeah, so so far you know we’ve taken what you all have what On Mall’s given me so far and what all of you have and put it into this application. So kind of the vision of this is becoming what we would refer to as like the Bionic Trader and ultimately for that is like four key components at least first and also want to just like throw it out there off the top of my head. This is evolving like an evolving application. Like uh you know this is what we have so far, but ultimately, you know, we’re open to feedback. Like, we’re in control of this thing. We can make it however, you know, you want, whatever will help you better. But, you know, initially it’s just focus what we have so far is like the idea is speed, you know, um not everybody struggles with order entry, but some people do. You know, like, “Hey, I want to get into this uh kind of thing and I’m just slow, you know, so one of this the uh one of the uh you know, key components of this is just making it very, very fast. Having it emotionless. Um you know, so this way uh you can use tools to kind of curb your emotions. So, this way, you know, you’re not you’re less reliant on, “Oh, should I do this or should I do that?” You kind of have software there that like helps you automate some of those things. So, you’re less reliant on your, you know, uh stability and your emotional state. And then uh data-powered. Like, there’s you And another thing, there’s nothing on here that’s to like take anything away from, you know, it’s not in trying to compete with Stefan or Luke or Unmalls like trading. There’s tons of value in, you know, doing things by hand. I still take notes by hand. Like, you know, I have a notebook over there. I probably took 20 pages of notes so far. Um but uh some of the data uh that you can get just by using computers, uh it doesn’t make any mistakes and it’s like a million times faster. I can do 10,000 back tests in 1 minute. Uh if you try to do that, you know, by hand, it’s going to take you days to do that. So, there’s some advantages there. And then um personalization. So, with the power of AI uh you know, AI has some strengths and weaknesses. It’s not the best at like uh picking trades. It’s not going to tell you when to enter or when to exit, but a lot of the language learning models are really, really good at psychology. So, we can use AI there to like act as like uh you know, like you’re at a prop firm. Like, every 30 minutes, like, “Hey, Chester, how you doing?” or “Hey, you know, hey, how are you?” Like, just to check in. Like, “How are you feeling right now?” So, this way uh you know, you have that kind of uh constant feedback loop and response. Um so some core pillars, you know, speed execution. I don’t want to I don’t want to I’m not going to read the whole entire slide to you, but we’ve done some performance metrics on this software and it’s, you know, just for basic order entry, we’re able to actually enter orders faster with the Trader Flow software than you are on your broker, which can be awesome, especially if you’re looking at a 1-minute chart and you’re seeing something you’re like, “Oh, I want to get in.” Or especially if you’re like an options trader and you’re like, “Hey, I want to get into Q’s options, but you know, you don’t want to take the time out to open the option chain and try to try to figure all that stuff out.” This can do all that automatically for you. One of the more recent updates that we added to was, you know, for the 1-minute flash, adding that high of day, low of day, automatic share sizing. So this way you don’t have to be like, “Oh, I want my stop loss here, but how many shares does that?” Even just that like calculator you pop out or whatever, there’s a few seconds there. In that few seconds it might pop and then you’re like, “Oh, is the trade even still worth it to get in anymore?” So this can kind of curb that and speed that up, make that a little bit faster for everybody, too. Um some of the other advantages, order management. So and automation. So along with the backtesting, you can backtest, you know, 7,000 different I think we’re up to like 7,000 different order management strategies. We just added 9 EMA and 2 EMA just in the past couple weeks. So you can actually go through and take all of your trades and put them in here and then run them through like 7,000 different backtests and it’ll come out with, “Hey, if you did this particular order management strategy in your past 100 trades or in the past year, this is, you know, where you would have been.” And this is all automatic, so it’s like you can do all this stuff in a spreadsheet and that’s also valuable. I don’t I’m not saying you shouldn’t do it in a spreadsheet. You probably should just to get the idea of like, “Hey, this is what I’m actually doing.” But like this will do the actual real work for you on a larger scale much faster and more accurate. You don’t have to worry about making any mistakes. And then when you have all of auto management strategy there, it’s going to provide like a recommendation. You know, hey, based upon your past 100 trades, you know, 5-minute bar by bar would have been your best, you know, you you it’ll show your actual profit. Oh, you made, you know, 10 grand or 3 grand or something last month. If you follow this auto management strategy, you you would have made seven. You know, and it’ll show you like per trade, you know, hey, this one you would have done better with your own personal, but this one, you know, if you if all you did was just do this, you know, you would have made this amount. And then you can kind of take the human out of it, too, because you’re not sitting there like second-guessing yourself. Like, oh, should I move my stop up? Should I do this? Should I do that? You can just pick one of those and auto apply it and then have the software actually like implement and manage that for you. So, you can just take the trade, press the button, or you know, hey, I’m going to follow this auto management strategy for a week, and you don’t have to sit there and like second-guess yourself. You just press play, and you enter the trade, and then you have the management you have the software manage it for you. You can go for a walk, you can go do whatever you want to, you know, set and forget. Um Uh here’s just some of the screens. I don’t want to bore you with a lot of the stuff. I mean, you you can download it yourself, but just some of the new screens or some of the updates that we’ve added. We added the the 2-minute 9 EMA and the 5-minute 9 EMA auto management strategies. But this is what it looks like. So, you know, you’re in a particular trade, you click the button and go, “Well, I want the software to manage this for me.” I just go ahead and select one of these. There’s a bunch of different options that we’ll go through or that I could go through, and then you just press save, and it’s, you know, you can walk away, go walk the dog. You don’t have to sit there and stare at it. You know, you don’t have to, you know, worry about your emotions messing you up there. Um another feature, core feature that we have for the software, journaling and tracking. So, there is a live journal dashboard. So, you have a dashboard there, it shows you like, hey, here are your trades that you’ve taken, here’s the percent that you journaled, and here’s the percent that are waiting for a journal. So, this way you can kind of like benchmark your metrics, not just like journaling all of your trades, but also like making sure that you are journaling all of your trades, and then you have that snapshot there that you can share like with your coach or with your pod or with your accountability partner or your spouse and say like, “Hey, you know, here’s I did journal all my you know, I did journal all my trades. You know, here are my stats.” And we can expand on that and provide, you know, sharing so other people can see your actual journal and text and everything that you need there. Um I’ll just show an example. Oh, here’s an example of the dashboard. So, you see like, you know, here here’s the day like, “Oh, the past 7 days I took 11 trades. I’ve journaled nine of them. They You can see like, oh, you know, hey, I followed my plan 64% of the time. I’ve added notes that like, you know, include my emotional everything.” And then, you know, here’s my completion. So, I you know, I still have like two more to go. Um and then this is kind of like what it’ll show you like on a particular This is me. This is actually my These are my trades from last week, I think. Um so, it’s like, “Okay, I did journal these, by the way.” Look. Uh but, you know, it’s just an example before I before I before I did that. Yeah.
[laughter] This is an example like before I journaled them, you know. So, but this this is like, you know, my real real trades here. So, it’s like, you know, you take the trade and then, you know, okay, I journaled these three and then these are the two, you know, you just see that there. So, that’s where you know what you journaled and what you don’t. You can go through and actively journal those. Um in addition to that, uh we also have uh performance analytics. They’re going to track all of your profit and loss, your win rate. Um you can export that and share that. I don’t I don’t know if you’ve been seeing that on the Evolve, you know, I’ll export that and put my daily results on there. Also has weekly and monthly. Um here’s an example of what that looks like on the you know, on the page here. It’ll show you like your win rate, your R score, you know, this was your best trade for the week, and then, you know, here’s your profit factor. Um and those are my live whatever from last week or something. Um backtesting. Uh so, some people mentioned like, “Hey, how do I backtest?” Or some of the other software is like super complicated, I’ve heard from a few people. This is super easy. You enter your account info, and it like it downloads all of your trades and automatically backtests. You don’t have to do anything. You don’t have to go into any other screen and be like, “Hey, backtest this or do that.” Like, it’s all automatic. It’ll download your trades and it stores it all locally on here and it automatically just runs all those back tests per trade. Uh currently, it’s only back testing day trades, but, you know, we can modify that whatever you want to do. But, you know, currently it’s only doing day trades. Um and then with those back testing, uh you have a one-click implementation. You’re like, “Hey, this back test just seems to kill things. I’m just going to press this button and let the software, you know, manage that particular back test or our management strategy.” Um recently, we added something really cool, uh chart integration. So, you can actually see like real market data on the chart for your back test. So, this way you can prove like, “Hey, you know, I entered here.” Well, I’ll show you in a minute. But, I entered here and then I exited here and then like, “Oh, if I just followed that exact strategy, it would have entered there.” But, uh just in the past like a day and a half, I probably wrote down like another 15 different um feature ideas. And one of them was actually as I was listening to Anmol, you know, go through the charts, like the older charts, like, “Oh, hey, here is this particular example and you know, here’s an example of a one-minute flash and a one-minute and this.” Uh pattern detection is also pretty simple to do. So, like I can build very easily, you know, functions that just scour charts all over the world and just like classify and download the data for like, “Hey, here’s a one-minute flash. Here’s all the stage threes. Here’s all the stage fours, you know?” And then you can just search and like with a drop down and or just select like, “Hey, show me all the charts that are in a stage three right now.” And it just boom, pops up a list of those and you can kind of click and view them on the screen. Um haven’t implemented it yet, but I wrote it in my notebook. So, uh so, here’s an example of the updated uh back test uh dashboard. So, you know, you have your back test here and it shows you like, “Hey, uh you know, um it uh doesn’t show you what your actual profit was, but it shows you uh like, hey, if you follow these back tests, you could have had like an extra 174, you know, uplift or or percent uh increase with like $7,000 more profit.” It’ll show you the quantity of back tests. Like, “Hey, I you know, I ran Currently, we’re at 5,586 back tests per trade.” It’s I think it’s more than that now, but um you know, show you total quantity of backtest performed, um trades analyzed like one waiting. Um I put that on there because a lot of people were kind of confused. We don’t uh run the backtest until after the end of the day cuz I don’t have all the data. So like if you’re in the middle of the day and you take a trade and you exit like it hasn’t been backtested yet. Has to wait till that day finishes. It won’t backtest that trade till like after 5:00 p.m. on that day. But yeah, here’s an example of like the different um potential outcomes like auto management strategies. So for instance, after running all of the backtests, you know, here is your actual profit. Oh, I lost money, but like if I followed this strategy, I would have made this much and then you know, here’s the difference. And I think this is what like a sim account is my real account. But anyway, uh and then it’ll show you all the different um you know, potential differences down here of the different strategies. You can click on each one of those and it’ll show you on the bottom. And then uh when you click those, this is an example of like what that chart looks like. Currently, we can improve this and add vol- Oh, there is volume on there. I already added volume, see? Look at that. Adding stuff. I did I forgot that I added it. Um but you know, we can add other things on here too and this is just kind of preliminary, but it’s just to show you like, “Hey, you know, here is where I entered and then here’s where I exited in reality, but if I followed the strategy, you know, that’s where the strategy would have exited.” You know, so it’s just kind of like a basic so this way you can see on like a per per trade basis. Uh just wanted to cover security really quick too cuz I know this was huge especially like uh people from the E- uh you know, people come from the EU and you know, just in general. Um anything that you put in Trader Flow like absolutely nothing gets sent to us. Like uh you know, JB and I did a little cybersecurity stuff too. We don’t get any of your info. All the data essentially is in your broker and it’s really easy to download and reprocess like all the backtesting and everything, but the one thing that’s not is the journaling. So it’s like, “Oh, you know, one person was like um you know, hey, I journaled all of these trades, but then, you know, my my computer crashed. It’s like, oh, you lost the journals with that. But, you know, it’s kind of a toss-up because, you know, we don’t I don’t want any of your trade data. I don’t want any of your account data. Like, I don’t want to be liable for anything like that, you know? But, like, the journaling part isn’t so much. Like, you know, if you put like, hey, I felt like crap the other day. Like, you know, that’s not like a security breach or anything if we have that. So, I was thinking about adding like, you know, like a backup feature if you want to do it, you know, where you could automatically like at least upload your journal data. But, essentially, that’s the only thing that like, you know, is there that can’t be easily, you know, replicable. Yeah. Yeah, backup your local database. You could back up your local database. You could back up your local computer. But, you know, people don’t do that. Essentially, is what I’m saying. Could you set a feature where it emails your data to you every 3 months? Yeah. Yeah, of course. Then it’s still you. You’re not getting anything. Yeah, no, you You email it to yourself. Yeah, yeah, you def Yeah, you could definitely have it email it to you every day. You could have it email to do any kind of thing. The only thing is like, what kind of data are you emailing? So, email Yeah, so, email itself is not secure. Like, lots of people have been arrested for a lot of really bad things cuz they were like, oh, just email this. And it’s like, no, man, when you send an email, it goes across the whole entire net in plain text, and anybody can read that, you know? So, yeah, don’t, you know, so, we don’t want to be emailing like account IDs or Yeah, journal part. Yeah, yeah, yeah, definitely. Yeah, yeah, yeah. You know, I’m always always saying like, oh, you know, you want to trade to be like, you know, you know, really successful so you can go out and do all this. It’s like, hey, if I had all of the money in the world, like, I’d still be programming cuz I love to do it. Like, it’s my it’s my fun thing, so. You know, sometimes you knock people sitting in front of their computers, but it’s like, hey, man, that’s my hobby, you know? That’s like what I do. [laughter] We, you know, I’m super like proud of what we’ve done so far in 3 months, and those are ideas that we have. We just haven’t implemented them yet. So, uh one of the things that I learned from the coaching was about uh you know, adding that checklist, like having a personal checklist for your journaling. So, we don’t have that in there yet. We have a bunch of checklists, and it’s super easy to you know, that’s like an extra hour of work. It’s just we haven’t gone to that part yet. But, you know, adding being the uh having the ability to create your own checklist and then categorize them. Like, “Hey, I want an emotional checklist. I want a checklist for, you know, how I smell that day.” Or whatever you want, you know, like so this way you can add those kind of things on there and then categorize them and run reports off of them. So, there’s tons of possibilities and opportunity. Uh what we have now is just, you know, uh kind of relatively preliminary, focused primarily um like the core functionality, like, “Hey, how you treat this as a business?” Yeah, no, you can do a market, limit. Um we just added the cool feature that we just added um you know, like 2 weeks ago was as soon as you uh like mouse move off, like you enter a symbol in there, it automatically grabs like, you know, the last price and that’s streaming right there on your order entry. So, you can you can you can see the last, you can also see the high of the day and the low of the day right there. And then you can set like market, limit, whatever. But, then you also have that data like right there while you’re entering. So, like as soon as you press QQQ or something, it shows you that data and then you can enter like, “Hey, this is what I want for my stop loss.” It’ll have your default risk there at the top. I’m doing this like you can see the picture in my head. Uh you know, and then uh you know, it’ll automatically calculate however many shares you need. Um but yeah, so essentially uh all of your data is local and we don’t have any of it and we don’t want any of it. Like, keep all of your data. And uh even the even the data that’s on your computer, it’s encrypted on your computer, too. So, like if somebody steals your computer or something, uh they would have to go through quite a bit of work to like reverse engineer and get your account ID. So, um so we take that, you enter the account ID in there, but I mean, it’s encrypted and it’s in the database that, you know, it’s encrypted in a key on your computer. But, like none of that stuff ever gets sent to us. We don’t see anything. The only information that is ever sent to us currently is like when you log in, uh just to make sure that like your subscription is active. You know, so it makes a call like, “Hey, is the subscription active?” And if it is, it’s like, “Okay, great.” And then you run the software. And then that’s it. That’s That’s all we get. All right, so Okay, so these So, just talk about some of the other features that we currently have in the pipeline. And this doesn’t include like the 12 that I wrote down in the past day and a half. Um but [clears throat] like some of them we’re just having like an auto risk, something that updates uh like has like an auto update for your risk. And I think if there’s anything that I got Well, there’s a lot of things I’ve gotten so far in the past couple days, but most of the people that I’ve talked to, um it seems that uh you know, a lot of people are actually pretty decent at like the technical analysis and the order entry, but where it seems the largest quantity of gaps are, including myself, are like the business management part of it, the psychology part of it, the strategy part of it. So, uh you know, at least most helpful for me are these kind of things and it seems like it might be most helpful for a lot of other people here, too. So, like the auto risk, that’s just like straight All these things are like straight off of exactly what Amol says. You know, “Hey, if your account size is whatever, you should really be You shouldn’t be risking more than 1%, you know, of of whatever your you know, whatever’s in your account.” So, you know, the one of the features is like, “Hey, it automatically does that for you. You don’t even have to play with your risk. It’s like automatically calculating. Like you can put in, ‘Hey, I want to off of every trade, I just want to do 1% or 2%.’ And it automatically calculates your risk. And you can put a stop loss and automatically calculate your shares. Just one less thing to worry about.” Um and then also like, you know, that helps you in your business process, you know, as you’re growing your account. It’ll place like it depending upon what order management you have. Like it’ll set the order management there for you. And then unless there’s some other trigger that’s like the software’s supposed to be managing that, you can manage it yourself. You can move up your stop loss manually and it won’t like mess with you. And then you can also just click unmanage and, you know, do whatever you want. One thing that we want to do on the Discord channel, I mean, you can add them now, put in the feature request, but we really have to get it into the point where it’s like, you know, you’re voting on those. Like, “Hey, these are” cuz if there’s nobody voting on them, I’m just going to build whatever’s, you know, whatever I want to do, you know, but I know that that’s not necessarily beneficial for everybody else. So, if you’re like, “Hey, I really need this.” or “I really need that.” or especially like one of the coaches or somebody is like, “Hey, this is going to help the most amount of people, uh you know, faster.” you know, we’ll definitely prioritize that and put that in the pipeline quick, but you know, some of the other things, just voice recorded journals. Like, we already tested that. That’s also really key. Um you know, this way people like to type, but you could also put a voice in there, too. And one thing about the voices, we can save that voice recording. And, you know, not right now, but like you can also pass that to AI and be like, “Hey, do an emotional analysis on this.” cuz sometimes you can tell if somebody’s stressed out when they’re taking something or like you can hear in their voice. So, there’s a lot of, uh you know, potential there for those kind of things. Um you know, periodic emotion check-ins, like, you know, he was saying at the prop firm, you have somebody that’s coming by every 30 minutes, like, “Hey, you okay? You okay?” Those kind of things. Um you know, having the AI trading coach, uh I’ve tested this so far, it’s it’s uh kind of slow, so that’s why we haven’t tried to, you know, release it or anything yet, but you know, we can feed PTS, Mastering the Trader Within. We can feed your, you know, psychology profile in there. We can put your trading plan in there. And then just say like, “Hey, you know, have it automatically trigger the AI every 25 minutes or every 30 minutes.” and “Hey, can you analyze what I’ve done so far today? And let me know like how that aligns with my trading plan or doesn’t?” And then have the software just automatically start, you know, “Hey, what are you doing?” or “Hey, you know, call your coach.” or “Hey, you know, do this kind of thing.” Um you know, so you have that constant feedback. Yeah, so uh we also just recently added like a watch list. It’s kind of in behind the scenes, but uh you know, the database and the infrastructure is there. Probably one of the next features that we’re rolling out is pre-market. You’re putting your gap list, you’re putting your symbols on there, and you know, potentially like, “Hey, this you know, if you want to do it or not.” Like, these are my longs, these are my shorts. And then you can do analysis after that. Like, a lot of the times I’m all be like, “Oh man, you know, you’re reviewing the gap list from the morning. Oh, what would have happened if this? What would have happened if that?” So, a lot of that stuff can also be automated, too. Like, automatically back test all that kind of things. Like, hey, you know, this is what would have happened if you did do this or if you didn’t do that. You know, so there’s a lot of opportunity out of there. Oh, one other thing is trading education. Another thing I thought I thought would have been really cool is like, you know, we’re going through all this stuff, and you know, this is a really great event here, and I’m all going through 30 charts, and we have it memorized now. Awesome. You know, the last mentorship I was the same thing. It was like tons of information. Like, 3 months later I forgot a lot of it, you know. All right, and then implement it. So, one cool thing you know, we were thinking is having like this TraderFlow.edu where you can kind of go in there and practice anytime you want. Have a like show you charts. Hey, what’s this? What’s missing out of this? What’s good about this? What’s great about that? And we can give that kind of information to the coaches to be like to build that. Like, hey, you know, what’s an what’s an example of like a real chart you would show somebody and be like, “Hey, you know, what’s good about this or what’s great about that?” And then you know, we could do that with like multiple choice or with a voice recognition and have AI interpret it and you know, see how well you score. You can share that. And it’s just kind of like, “Hey, if I’m if I’m feeling like a little fuzzy and I want to sharpen my skills, you know, I can just hop on here and play on this thing for like, you know, an hour.” And I know people get bored and stuff, so you know, we’ll make it so it like pops up balloons and you know, like little funny creatures and stuff when you do well. And then when it doesn’t do well, have like some demon guy come out and yell at you. And oh yeah, and then one last thing is just, you know, broker improvements. I know right now we’re just supporting TradeStation and IBKR, but you know, we are planning on adding Thinkorswim, and then WeBull, and then any other ones, you know, most I’ve looked at the other ones. Every other broker on the planet has like the easiest API in the world compared to IBKR, so like all these other ones are going to be super easy, and I’m not worried about any of that. So, um but yeah, that those are in the road map as well, too. And I think yeah, there we go. I think that’s it. Oh, okay. And then uh here’s like a cool QR code. Uh it’s it’s uh it’s not I like it better than the one that was uh you know, for the shooting range. Cuz uh like it has a little extra boxes, you know, I don’t know. It’s just I just like the pattern. You know, so if you uh [laughter] if you take the QR code, it’ll go to the site, and um