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.
📈 The video discusses how to use the Tradovate platform for buying and selling trades, scaling in and out, and adding charts and DOM tools.
🛠️ The platform offers useful features like stop losses, hard stops, and brackets to manage trades effectively.
📊 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.
📊 Tradovate provides a platform for charting and trading.
🔧 The speaker demonstrates how to customize charts by removing indicators and adjusting settings.
🎨 Users can change the color scheme of their charts.
🖌️ 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.
💡 You can customize your candlestick display and choose your preferred Candlestick type.
📊 You can add tabs to switch between trading minis and micros, with different tickers for each.
📈 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.
📈 You can exit a long position by selling at market.
📉 To go short, you can sell and bet on the stock or futures contract to come down.
💰 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.
📈 Scaling out of positions by selling half of the current position and taking profits.
📉 Scaling into positions by adding more contracts to the current position.
⚙️ 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.
💡 Tradovate allows users to set up brackets for their trades, including take profit and stop loss levels.
🔍 Different types of stop orders can be used, such as trailing stops and steady stops.
📈 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.
📊 Using brackets in Tradovate can help scalpers manage risk and be more conservative.
💰 Tradovate offers a subscription plan for $200 a month with no fees, which is beneficial for frequent traders.
📅 Live trading sessions and educational sessions are available on Discord, Monday through Friday.
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