Visualization tools that help in trading?

V

vkrouglov

Hi All,

I am looking for the tools that give me insight into my trading performance, meaningful factors that affect my trading, analysis of my risk etc. What are the tools you are using?

I am quite good in maths but a complete layman in programming.

Thanks for advice.

Regards,
Vladimir
 
For risk, the Silexx Obsidian Platform we offer has a very nice risk module called Risk Radar. (See below from their website). For "insight into your trading performance," we have contracted with Nirvana Solutions that provides a reporting package with many features including the ability to view P&L by symbol, underlying, sector etc. These tools are available to our clients.

Risk Radar (Obsidian Pro)

Managing risk in real-time has become paramount in these volatile market conditions. Traditional risk assumptions or complex theoretical models will never take the place of measuring real market impact risk.

Risk Radar is the most robust real-time portfolio risk system available to the individual trader in the market today.

Measuring market movement is not enough, we need to be able to test volatility and market shocks to the portfolio in real-time to help make risk management decisions on the fly. Traders no longer have time to wait - they need to know NOW!

Keeping the Obsidian motto of clean, simple, robust modules in mind, the Risk Radar starts with a high-level view of the account. Measuring market move (by %) impacts to the position (both up and down). These percentage moves are set in steps and can be adjusted down to .1% steps.

But market movement alone is not enough to measure risk, shocking the system with Volatility, Time, Interest Rates, and Extreme Conditions is a valuable necessity and the need to do it in real-time is imperative.

From a high-level account view, a simple click on the account number zooms into the portfolio for a detailed look at each position based on symbol. Right-clicking on any symbol allows one to pull up the Position Analzyer for a graphical representation of the risk profile.

Obsidian’s Risk Radar module puts risk management in the hands of the trader. No trader should be without it, EVER!
 
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It you are trying to anticipate future market behaviour you will need something predictive like a Neural Network. Visualization does not do that.
 
vkrouglov said:
I am looking for the tools that give me insight into my trading performance, meaningful factors that affect my trading, analysis of my risk etc. What are the tools you are using?

I am quite good in maths but a complete layman in programming.
More...

Use Microsoft's Excel.. it easy and no need to be a top notch program wizard. And there's tons of "how to's" and video's online. Not specifically for traders, but with some imagination you can basically build your own tool.

You have to think in columns and column headers starting with:

  • Ticker (FB, MSFT, AAPL, NFLX)
  • Timestamp (20150426_1323)
  • Price
  • Long/Short
  • Open/Close (Open Long/Short, Close Long/Short)
  • Profit/Loss
  • Market Opening Up/Down
  • Mood (Happy/Sad/Tired/Frisky/Exited/Manic)
  • Weather
  • Moon Cycle
  • Color Underwear (Red, Blue, Green etc.)
  • Reasoning (Oversold/Overbought, Support/Resistance, My Guru told me.. etc.)
  • Notes
....
(you can go on and on till you got literally thousands of columns)

You are basically creating a database of what you bought/sold, at which price and if you made a profit or loss. Next you log whatever you think or feel is making you do the things you do, supposedly, making you profitable or not. Supposedly, because we humans tend to see connections between cause and effect, while there isn't any connection, hence, most people have some sort of superstition, which is why I mentioned "Color Underwear".

There are other spreadsheet programs out there like Libre Calc.. free of charge, however is slow doing a Monte Carlo Sim compared to Excel. Though, it is a good starting point to get into the database mindset.

After that you can make all kinds of charts to give you a better understanding of the data and ultimately your behavior and your performance compared to the markets.

Good luck...
 
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