The objective of this video is to provide a step-by-step guide on how to understand and read the trade log. The trade log serves as the source of truth for all placed and filled orders, whether done manually or through the Auto Trader.
Key Steps:
Access the trade log: The trade log can be found in the navigation bar.
Understand the source of information: The trade log is directly pulled from the TastyTrade broker log, making it the ultimate source of truth for all trades.
Differentiate between Auto Trader trades and manual trades: Auto Trader trades will be clearly indicated in the trade log, while manual trades will show "N.A."
Interpret the trade details: Each trade entry in the log will provide specific information about the trade, such as the number of contracts, trade specifics, and received credit or payment.
Consider commission and fees: The trade log also includes information about the commission and fees paid for each trade.
Track Auto Trader progress: To track the progress of Auto Trader trades, navigate to "Auto-Trader-Transparency" under the Auto Trader tab. This will show all attempted trades, including any failed orders.
Confirm trade status: The trade log is the area to confirm whether trades have been filled or not. It provides a comprehensive overview of all trades and legs that have been filled.
Cautionary Notes:
Ensure that the trade log is regularly monitored to stay updated on the status of trades.
Double-check the trade log for any discrepancies or missing information.
If there are any concerns or questions regarding the trade log, reach out for assistance through the chat box.
Tips for Efficiency:
Familiarize yourself with the trade log layout and terminology to quickly understand the information provided.
Utilize the search function in the trade log to find specific trades or information.
Regularly check the Auto Trader Transparency section to stay informed about the progress of Auto Trader trades.
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