Mastering the Tradovate Trading Platform

Learn how to use Tradovate platform for trading, adding charts and DOM, customizing candlestick and trading options, setting up brackets, and managing risk.

00:00:00 Learn how to use the Tradovate platform for buying, selling, scaling in and out of trades, adding charts and DOM, and utilizing stop losses and brackets.

πŸ“ˆ The video discusses how to use the Tradovate platform for buying and selling trades, scaling in and out, and adding charts and DOM tools.

πŸ› οΈ The platform offers useful features like stop losses, hard stops, and brackets to manage trades effectively.

πŸ“Š The speaker demonstrates how to set up the platform by adding charts and DOM tools for specific contracts like NQ and ES.

00:01:37 Learn how to customize your charts on Tradovate and access drawing tools for charting.

πŸ“Š Tradovate provides a platform for charting and trading.

πŸ”§ The speaker demonstrates how to customize charts by removing indicators and adjusting settings.

🎨 Users can change the color scheme of their charts.

πŸ–ŒοΈ Tradovate offers drawing tools for charting, though the speaker prefers to use a different platform for this purpose.

00:03:12 Learn how to customize your candlestick and trading options for minis and micros on Tradovate platform. Understand the simple process of buying and selling trades.

πŸ’‘ You can customize your candlestick display and choose your preferred Candlestick type.

πŸ“Š You can add tabs to switch between trading minis and micros, with different tickers for each.

πŸ“ˆ To place trades, simply click the buy button to bet on the stock or Futures contracts going up.

00:04:51 Learn how to enter and exit positions in Tradovate, as well as how to scale in and out of trades.

πŸ“ˆ You can exit a long position by selling at market.

πŸ“‰ To go short, you can sell and bet on the stock or futures contract to come down.

πŸ’° Scaling in and out allows you to manage your position size effectively.

00:06:28 Learn how to scale in and out of positions, set up brackets, and trade micros instead of minis to manage risk and maximize profits on Tradovate.

πŸ“ˆ Scaling out of positions by selling half of the current position and taking profits.

πŸ“‰ Scaling into positions by adding more contracts to the current position.

βš™οΈ Setting up brackets in the Trade Away platform for managing trades.

00:08:07 Learn how to set up different types of brackets for taking profit and stop loss levels in Tradovate.

πŸ’‘ Tradovate allows users to set up brackets for their trades, including take profit and stop loss levels.

πŸ” Different types of stop orders can be used, such as trailing stops and steady stops.

πŸ“ˆ Tradovate's bracket functionality allows for automatic trailing of stop loss and take profit levels.

00:09:44 Learn all about Tradovate, a platform with great brackets for managing risk. They offer a subscription plan for fee-free trading. Join their live trading sessions on Discord.

πŸ“Š Using brackets in Tradovate can help scalpers manage risk and be more conservative.

πŸ’° Tradovate offers a subscription plan for $200 a month with no fees, which is beneficial for frequent traders.

πŸ“… Live trading sessions and educational sessions are available on Discord, Monday through Friday.

Summary of a video "Tradovate | Everything You Need To Know" by TradersEvolve on YouTube.

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