What's New in Version 17

Version 17 brings improved performance, brand new EasyScan editors, many bug fixes and new trading functionality including multi-leg option strategies. It is currently a beta version. We strongly recommend that before placing real trades, you get familiar and comfortable with the new trading features using simulated paper accounts. All securities are offered by TC2000 Brokerage, Inc., a separate company that is a member of FINRA/SIPC and affiliated with Worden Brothers, Inc. through common ownership.

Scroll down for release notes. You can see older release notes here.

TC2000 Cloud Tools

You can access these new cloud tools at www.TC2000.com/cloud.

The heat maps can be displayed on a mobile device or in your browser. They show any watchlist or portfolio organized by sectors and colored by performance or volume buzz. Click (or touch) on a symbol in a heatmap to change the active symbol in your TC2000 software. You can use your tablet or phone as a remote control to change symbols.

While stepping between symbols in your software, you can have finance sites automatically change on your mobile device or browser. All your research stays synchronized as you jump between companies.

Watch the video to the right for an introduction.

Smart Scale Charts

Use the buttons on the bottom right corner of charts to access scaling modes.

(A) Arithmetic - use this for shorter term charts. Each scale line will be in equal increments (ie. $5 apart)

(L) Log - use this for longer term charts. Each movement in price is based on percent move. A move from $10 to $12 would look the same on the chart as a move from $100 to $120.

(S%) Smart Scale with Percent Grid - use this on short or long term charts when you want to compare stocks on the same scale for a true apples-to-apples comparison. The problem with computers is that they can distort charts by taking flat, low volatility stocks and stretching them to fit on your screen. Conversely, large swinging volatile stocks are squished to fit on the screen. The result is that all stocks look the same even though they all have very different character traits.

Smart scale scans the volatility of the entire market for the time period you are viewing and automatically sets a fixed scale for you. As you browse between charts, the scale remains constant making it easy to compare stock to stock. Stocks that appear to be moving up or down faster are actually moving up or down faster. Stocks that appear to be flat are actually moving much less. Smart scaling shows real percentage moves instead of distorting the data by trying to fit it to the screen.

The Percent Grid setting shows you a red% number in the lower right which represents the percentage distance between each grid line on the chart. You can change this number by hovering over it and scrolling with your mouse wheel, or use the spinner. Changing this number will change the baseline factor which smartscale is calculated against for all stocks.

Trading Menus on Chart

Access the new trading menus on the lower left corner of any chart. They give you access to most common order tickets and operations.

  • Quickly place buy and sell orders at the market
  • Open dragable trade tickets on the chart
  • Add married puts (protective) to existing position
  • Add covered calls to existing position
  • Place AutoTrack® Indicator & Trendline orders on the chart
  • Close out positions using brackets, profit targets, stops, indicators and trendlines

Option Strategies

Use the Strategies button in the lower left of a chart to open option strategy tickets directly on the chart. The menu divides strategies into bullish, bearish and volatility categories. Strategies include single-leg, multi-leg and combinations with underlying stock. Calendar strategies are still being worked on. They'll be available soon.

Multi-leg strategies open as a single trading ticket on the chart.

Option Order Ticket (single leg)

This example shows an order ticket for a call option.

  1. Drag the line up and down to see options at different strike prices.
  2. Click the left and right arrows to see options at different expiration dates.
  3. The selected contract with the current natural (marketable) offer.
  4. The break-even point for the selected contract at expiration (in 37 days).
  5. The red P/L zone showing a max loss of $248 at expiraton.
  6. The green P/L zone showing $1200 proft at top of chart with unlimited upside at expiration.
  7. Hover mouse over the P/L zone to see return for any stock price at expiration.
  8. Select order type of limit, market, etc. and offer price. More info on limit slider further down.
  9. Press to place trade.

SILENT VIDEO: See Option Order Ticket in Action (30 seconds)

This is an example of buying a CALL option. Watch the P/L zones and breakeven point dynamically update during the following operations:

  • Dragging strike price up and down.
  • Stepping forward and backward through expiration dates.
  • Changing the limit offer with the slider.

At the end of the video, the mouse hover shows the value of the green zone at different stock prices. The P/L zones are calculated based on the expiration date of the option contract(s) being viewed.

SILENT VIDEO: Placing a multi-leg option order on chart (short strangle example)

With multi-leg strategies, drag each contracts line separately to select the strike prices. The P/L zones update dynamically for the selected strategy. In the short strangle strategy, you are hoping for the underlying stock price to remain between the two strike prices through expiration. This strategy has unlimited risk to the upside and downside.

Setting Your Limit Price for Options and Strategies

Options and multi-leg strategies can have large spreads. The slider lets you set the limit anywhere from the far to the natural (marketable price).

  1. The natural price (marketable limit) is more likely to fill, but less desirable for your position.
  2. The far price is more desirable, but less likely to fill.
  3. This shows the spread (difference) between the far and natural price. Larger spreads typically are more risky.

SILENT VIDEO: Using Step Limit™ to Place Limit Orders

The Step Limit lets you start your order at the far side or middle of the spread and slowly step toward the natural price. You could do this manually by placing your order and manually replacing your limit price, but the step limit does it automatically for you. This lets your order be exposed to the market to see if anybody wants to take the other side of your position at a better price for you.

The disadvantage of stepping toward the natural (and/or market price) is that if the market moves against you while stepping, you will get a worse price than if you had just bought at the market initially.

Toggle Trading Features On and Off

  • "Show Trading" toggles all account balance menus, trade menus and position information on charts.
  • "Show P/L Zones toggles the green & red zones on the charts for new orders and positions."
  • Opacity sets the transparency of the P/L zones.
  • "Show option legs on chart" toggles all legs of multi-leg strategies on the charts.

Platinum Exclusive

EasyScan Dashboard

EasyScan Dashboards are reports that can track multiple EasyScans at one time. Counts are continuously updated so you can see stocks move between your scans.

  1. Click the report button on the toolbar at the top of TC2000.
  2. Click to create a new EasyScan Dashboard.
  3. Click the checkbox to toggle edit mode on and off.
  4. With edit mode turned on, click the + button to add your custom EasyScans to the dashboard.
  5. Counts are updated in real-time (if you have real-time data).
  6. Right click on any scan to make edits or view the watchlist of passing stocks.

SILENT VIDEO: Watch Real-Time Counts on EasyScan Dashboard