I’m trying to figure out which tools can help me the most. I know there are many apps and software out there for analyzing charts, managing trades, and keeping up with market news. I’m curious to learn from more experienced traders. What apps or software do you find most helpful in your trading? Any recommendations would be greatly appreciated!
All you need is data, processing and execution. I don't think there is any magic software. Just solutions, tradeoffs to problems. What's your problems ?
Amibroker (beware of its steep learning curve). Can consider free Ninja Trader. 1. Chart reading 2. Stock screen 3. Backtesting Excel VBA and pivot table. This is good for classifying screen and backtesting results. perl for automation script and web scraping. Old dog is hard learning new tricks. python is preferred. Finviz.com for market overview.
I know you are asking for software, as in applications that you would install, but anything I use, that I don't develop myself, is web based these days. +1 to Finviz Optionstrat.com helped me when I was trying to figure out payoffs for different strategies. Tradingview Economic calendar, pretty good to link earnings, dividends and events in one place. For the rest I want to build, c# and the .net framework. Programming on steroids.
Came across this recently https://www.portfoliovisualizer.com/ I use various optimization/math packages usually through python and ipython shell. Questdb database is good too. Java's akka.io. rust's tokio
Unless you build your own, Ninjatrader produces nice charts, use SMA for trend. Learn chart patterns and practice practice, practice. Learn ends of moves. 99% of my scalps for 1-10 points occur at end of movements. Risk is always lower. My target for a session is 2 points, get consistent then add size slowly.
The more you have, the more confused you will be. Just focus on the charts, do your own analysis, and K.I.S.S.