position tracking on a chart

christineebr · 15 January 2022 11:46

Hello

Is there an easy way to visually track on the chart where and when I opened a position? Ideally, I’d like to see the point I entered, and easily see the current % difference from the entry price, and the # of periods or trading days since I bought the stock. I don’t use your Order Manager. Maybe you already have a tool that would meet this need, and I missed it?

I’d like to do a better job exiting my positions if I’ve been in them too long (range bound) or the % gets large. I’ve started to manually place a Horizontal Line and a Vertical Line at my entry spot on the chart, and that works ok, but the % change and amount of time can look deceptively different on each chart. I end up using the shift-click trick to display the % change from my entry to the current price over and over again as review each chart, and it would be great if it just displayed somehow without needing to manually select the start (entry price) and end points (current price) each time. Whatever you come up with doesn’t have to be cross-bars like in my sample attached below. I see that Optima has some other tools that are similar that might be easier for you to modify. (I saw various boxes, measures, tiles and markers that seemed close, but they didn’t seem to meet this need.)

Thoughts?

Thanks!

christineebr · 16 January 2022 03:16

Hello. I was thinking more about the possibility of tracking my trades better on the chart. Do you have a tool? I like how your time box snaps to price, so I was wondering if instead of forcing month timeframes it could snap to a starting price and current price? I also like how vertical lines can extend down over the tools so that I can see what the indicators looked like when I made my decision. Maybe a trade tracker could look like my new attachment. Potentially we could place it at a starting bar/price and adjust the price if we want to be exact. It would continue expanding with the current price until we click to stop it, and again adjust ending price if we care to be exact. I’d leave closed positions on my chart so that I could reflect over time about whether I’m winning/losing more with this stock and what I missed in retrospect.

I’m also open to other suggestions if you have something to meet these goals.

Thanks!