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.
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.
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.
Access the new trading menus on the lower left corner of any chart. They give you access to most common order tickets and operations.
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.
This example shows an order ticket for a call option.
This is an example of buying a CALL option. Watch the P/L zones and breakeven point dynamically update during the following operations:
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.
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.
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).
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.
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.