Trade Monster, a next-generation online broker designed by professional traders for self-directed investors, today added tradeLAB, a groundbreaking suite of analysis tools to its brokerage platform.
tradeLAB's tools communicate complex trading scenarios into dynamic and stunning visual formats, making the analysis of any trading strategy much easier and intuitive. tradeLABTM is launching with two tools: Snapshot Analysis and patent-pending Spectral Analysis.
"Successful trading is achieved in part by quickly accounting for and calculating complex scenarios and applying them to a well conceived strategy. Navigating through the myriad of data-infused matrixes at other brokerages can be lethal to a good trade," said trade MONSTER CEO Wade Cooperman. "tradeLABTM takes these data intensive trading scenarios and transforms them into a visually lucid and compelling presentation. These new visualization tools will help enable our customers to become more disciplined and better understand the risks and rewards of any given trade."
Snapshot Analysis not only gives traders profit/loss and probability scenarios on an option strategy but also clearly indicates important corporate events such as earnings announcements and dividend dates that may impact the strategy in the future.
Spectral AnalysisTM allows traders to visualize profit/loss scenarios on any standard or custom options strategy between the current day and option expiration. The tool utilizes a color-gradient "Spectral Map" allowing traders to view various risk metrics and create "what-if" scenarios for volatility and other external market factors. Investors can drill down into specific areas of the map, or "Spectral Slices" and see the probability of the underlying option being in various price ranges at a given point in time.
"With tradeLAB's intuitive suite of analytical tools we are taking the customer experience and ease of use to another level," said optionMONSTER Co-Founder and CEO, Dirk Mueller. "Our technology team has delivered another "first" in bringing next-generation tools to the retail investor."
At its core, tradeLABTM's groundbreaking tools rapidly provide visualized insights into questions that every good trader asks about every trade including but not limited to:
* Is my strategy appropriate given my outlook on the underlying?
* Am I giving myself several ways to win the trade, or just one?
* What are the safest profit opportunities in the trade?
* What are the biggest profit opportunities in the trade on a particular day?
* Where are the "high risk" areas?
* How will volatility impact the size and shape of payoff areas?
* How will the trade move in and out of profitable states as time passes?
* What does this look like before and after a prospective adjustment trade?
The release of tradeLABTM comes shortly after the unveiling of Exit PlanTM, a one-of-kind brokerage tool that allows investors to easily and proficiently set up exit strategies for their investment positions.