This is a glossary page of all the tags I use in Tradervue -- a really useful online trading journal and reporting tool I've recently started to use. There are some posts here and here I have recently written regarding how the use tags within each of my journal entries, which then enable me to quickly perform some very useful analysis.
For example, the way I created the tags was due to the types of questions I knew I wanted to ask, especially with regards to how well certain setups are performing (or not), as well as other questions such as how much my revenge and rogue trades were costing me. I didn't think there were this many tags, but because I developed the tags based on my requirements already in my mind, it only takes me < 2 minutes per journal entry to update. A great return on time investment for the powerful stats I can generate.
One question I would like to ask, but am not currently able to answer, is the maximum amount of actual profit (and loss) did I have at one time during a trade, vs. how much did I actually close. In other words, how well did I manage the trade, and what was the opportunity cost of being less than optimal. It would have taken too much time to calculate the figures for all 1000+ of my historical trades, but perhaps I can do this moving forward.
This is a living and breathing document, so as mentioned earlier, this glossary will continue to evolve.
GLOSSARY OF TAGS IN TRADERVUE
As of 8/21/2011
| GRADE | |
| a | Perfect, textbook, multiple factors of support |
| b | Near perfect, one additional factor of support |
| c | Meets spirit of setup, but some red flags |
| d | Not an ideal setup under the conditions |
| f | Fail, no reason to enter |
| TIMEFRAME | |
| 2min | 2 minute charts used for entry |
| 5min | 5 minute charts used for entry |
| 15min | 15 minute charts used for entry |
| SETUPS | |
| 3br | 3 bar reversal |
| b and b | Bread and butter |
| bo | Break out |
| bo-hod | Break out - high of day |
| bo-lod | Break out - low of day |
| bounce | Bounce of significant level (e.g. whole number) |
| btfe | Beyond the Fibonacci Extension (FE) |
| btfe1/2fe | Beyond the 1/2 to the FE (halfway between ORH & FE) |
| btfe16 | Beyond the 161.8% FE |
| btfe20 | Beyond the 200% FE |
| btfex | Beyond the FE extension (beyond 200%) |
| btorh | Beyond the Opening Range High (ORH) |
| btorl | Beyond the Opening Range Low (ORL) |
| bullflag | Bullflag setup |
| c and h | Cup and handle |
| cbd | Consolidation breakdown |
| cbo | Consolidation breakout |
| gitsor | Green in the sea of red |
| ritsog | Red in the sea of green |
| h-pattern | h-pattern (inverse is y-pattern) |
| heldbid | Bid that is held by big buyer |
| pb | Pullback - price pulls back for entry |
| pb-bt1/2fe | Breaks through "1/2 way to FE," pulls back, and retests "1/2 FE" |
| pb-btfe | Breaks through FE, pulls back, and retests FE |
| pb-btfe16 | Breaks through 161.8% FE, pulls back, and restests 161.8% FE |
| pb-btfe20 | Breaks through 200% FE, pulls back, and retests 200% FE |
| pb-btorh | Breaks through ORH, pulls back, retests ORH |
| pb-btorl | Breaks through ORL, pulls back, retests ORL |
| pb-pb2rz | Breaks through ORH/ORL, pulls back, retests Retracement Zone (RZ) |
| pb2rz | Pullback to the retracement zone |
| pt | Pushthrough (3+ bar opening setup) |
| qh | Quick hit (2 bar opening setup) |
| rogue | Rogue trade, not a part of trading plan |
| scalp | Quick trades for generally $0.10-$0.20 profits |
| topout | Topout (short setup) |
| triangle | Triangle pattern, via trendlines |
| u-turn | U-Turn (long setup) |
| vlb | Vwap line bounce |
| vlco-pinch | The 5ema pinches price action through vwap |
| wnbo | Whole number breakout |
| SETUP CONDITION | |
| halfnum | Price action was impacted by $.50 level |
| wholenum | Price action was impacted by $.00 level |
| ma over vl | Moving average was over vwap (noted if setup was against trend) |
| midrange | Price was in the retracement zone at the time of setup |
| no-vlco | vlco had not yet taken place (usually early entry) |
| vl over ma | Vwap was over vwap (noted if setup was against trend) |
| tl | Trendline was a factor on the setup |
| sr | Support or resistance line was a factor on the setup |
| revenge | Usually noted if prior trade was just stopped out |
| sar | Stop and reverse - usually, but not always, used with revenge |
| vlco | vwap line cross over |
| asctri | Ascending triangle |
| destri | Descending triangle |
| filltail | Opening range pattern, price action fills in wick of opening bar |
| contra | Trade in the opposite direction of the gap (gap fade) |
| TRADING CONDITION | |
| 2extended | Price action was extended at the time of setup |
| choppy | Price action was choppy |
| lateday | Trades after 14:00 |
| lunchtime | Trades around 11:30-13:00 |
| narrowrange | Overall range was narrow |
| news | News released during trading hours, impacting stock |
| nogap | Stock did not have a gap opening |
| lowvol | Low volume stock or day, usually resulting in choppy conditions |
| EXECUTION & OUTCOME | |
| win | Trade was gross winner |
| loss | Trade was gross loser |
| scratch | Trade was a gross scratch |
| fobo | Fake out break out - the breakout failed |
| error | Trade was entered in error |
| badexit | The exit could have been much more optimal |
| chased | Entry was late, chased the stock, usually should have stayed out |
| early | Entered trade early prior to actual sign (break of prior bar) |
| goodexit | Exit was optimal, could not have gotten much better price |
| 4barstop | Not touching stop for 4 bars would have been optimal |
| stop2close | Stop was too close, would likely have been successful |
| stopped1tick | Stopped by 1 tick, usually used in conjunction with stop2close tag |
| scaledin | Scaled into the trade, adding on |
| scaledout | Scaled out of the trade, usually via 2 profit exits |
| THEORITCAL MAX OUTCOME | |
| hit-1/2fe | Price ultimately hit the 1/2-way to FE |
| hit-fe | Price ultimately hit the FE |
| hit-fe16 | Price ultimately hit 161.8% FE |
| hit-fe20 | Price ultimately hit 200% FE |
| hit-orh | Price ultimately hit ORH |
| hit-orl | Price ultimately hit ORL |
| hit-runner | Price ultimately went past 200% FE |
| hit-tgt | Price ultimately hit target (non-Fibonacci target) |
| MISC | |
| study | Tag to study trade further |
| Stock was added to watchlist from Twitter | |
2 comments:
"One question I would like to ask, but am not currently able to answer, is the maximum amount of actual profit (and loss) did I have at one time during a trade, vs. how much did I actually close." --- this is the most critical element of trade review imo. I fill this information gap in my trade blotter. Its in development now. -NereusProject
Hi NereusProject:
Great question, and right now for me, it's a manual process so it takes a while to calculate...which means I don't usually calculate it.
TradeStation calculates those P&L values for every open trade, but as soon as the trade is closed, the info is gone forever.
They do have something in their reports that works halfway decent for daily/position trades so that you can see how effective you were at capturing profits, but the data is not valid for daytrades. Too bad they just don't capture the proper info for daytrades.
...which gives me an idea, maybe I'll just have to manually write these P&L values down and update it later in my journal. You're right, it's valuable info to know. Thanks for the feedback!
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