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Trade List

Overview​

Trade List provides real-time visibility into individual trades executed for a stock, displaying every buy and sell transaction as it occurs. This powerful feature helps traders understand market activity, trade flow, and momentum by showing the actual transactions taking place in the market.

tip

Trade List for Basic plan is subject to a 15-minute delay, while Pro plan and above receive real-time data. Trade List is available for all subscription tiers, with enhanced features like Trade Drill Down available exclusively for Elite plan subscribers.

Understanding Trade List​

What is Trade List?​

Trade List shows you every individual trade that has been executed for a stock, including:

  • Time of the trade execution
  • Price at which the trade was executed
  • Volume (number of shares) traded
  • Trade type (buy or sell based on aggressor side)
  • Trading session indicators for special sessions

Subscription Tiers​

Trade List access and features vary by subscription level:

  • Basic Plan: Access to 15 minutes delayed trade list
  • Pro Plan: Access to real-time trade list
  • Elite Plan: Access to real-time trade list plus Trade Drill Down feature for aggregated trades

Elite subscribers can drill down into trades that aggregate multiple transactions at the same price and time, seeing the individual components of aggregated trades.

Trade List Display​

Layout Structure​

The Trade List displays trades in a tabular format with the following columns:

Column Headers​

  1. Time - Timestamp when the trade was executed

  2. Price - The price at which the trade was executed

    • Color-coded based on trade type:
      • Green: Buy trades (aggressor on ask side)
      • Red: Sell trades (aggressor on bid side)

  3. Volume - Number of shares traded

    • Can be displayed in units or lots (when "Use Lots Size" is enabled)
    • 1 lot = 100 units
    • Trades with multiple transactions show count in parentheses
    • Example: (5) 10,000 indicates 5 transactions totaling 10,000 shares
    • Color-coded to match trade type (green for buy, red for sell)

Trade Order​

Trades are displayed in reverse chronological order:

  • Most recent trades appear at the top
  • Older trades appear below
  • Historical trades can be loaded by scrolling down

Visual Indicators​

Trade Type Colors​

Each trade row is color-coded to indicate the aggressor side:

  • Green: Buy trades (buyer was the aggressor, hitting the ask)
  • Red: Sell trades (seller was the aggressor, hitting the bid)

This helps you quickly identify buying or selling pressure in the market.

Live Trade Indicator​

Trades marked with an asterisk (*) next to the time are live trades:

  • These are real-time trades that have not yet been consolidated
  • They appear immediately as they occur
  • Will be replaced by the consolidated version once processed
  • Hover over the asterisk for more information
  • Live Trades will be consolidated every 10 seconds

Trading Session Indicators​

Special trading sessions are marked with a purple dot next to the volume:

  • Opening Session (OPN1, OPN2): Trades during market opening
  • Pre-Closing Session (POC2): Trades during pre-closing period
  • Closing Session (CLS2): Trades during market closing
  • Trading at Last (TAL2): Trades at the last traded price

Hover over the volume to see the session name in the popup.

Features and Settings​

Trade Drill Down (Elite Only)​

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This feature is exclusive to Elite plan subscribers.

When multiple trades occur at the same price and time, they are aggregated into a single row. Elite users can drill down to see individual transactions:

  1. Look for trades showing a count in parentheses, e.g., (5) 10,000
  2. Click on the volume cell to open the drill-down popup
  3. The popup displays a detailed table with individual transactions:
    • Time (with seconds precision)
    • Price
    • Volume of each transaction
  4. All individual trades maintain the same color coding as the parent trade

Use Case: Understanding large trades by seeing if they were executed as multiple smaller orders or as single large blocks.

Use Lots Size​

Switch between displaying volumes in units or lots:

  1. Navigate to Settings (click the settings icon in the navigation bar)
  2. Check or uncheck "Use Lots Size (1 Lot = 100 units)"
  3. When enabled, all volumes are divided by 100
  4. Applies to both the Trade List display and drill-down tables

Example:

  • Volume in units: 10,000 shares
  • Volume in lots: 100 lots (10,000 ÷ 100)

How to Read Trade List​

  1. Identify Trade Direction

    • Green trades indicate buying pressure (buyers hitting the ask)
    • Red trades indicate selling pressure (sellers hitting the bid)
    • More consecutive green trades suggest upward momentum
    • More consecutive red trades suggest downward momentum

  2. Monitor Trade Size

    • Large volumes may indicate institutional activity
    • Small volumes typically represent retail traders
    • Check for trades with multiple transactions (shown in parentheses)
    • Consistent large trades may signal accumulation or distribution

  3. Observe Trading Pace

    • Rapid succession of trades indicates high activity
    • Sparse trades suggest lower liquidity
    • Time gaps between trades show trading frequency

Important Notes and Limitations​

Real-Time Data​

  • Trade List displays real-time data for all Pro plan and above
  • Updates occur continuously during market hours
  • Data reflects actual executed trades in the market

Trade Visibility​

  • Only executed trades are shown in the Trade List
  • Pending orders (bids and asks) are not visible here
  • For pending orders, refer to the Market Depth feature

Data Accuracy​

  • Trade List reflects trades as reported by the exchange
  • During volatile markets, trades may appear rapidly
  • Live trades (marked with *) are preliminary and subject to consolidation

Drill Down Limitations​

  • Trade drill-down is available only for Elite subscribers
  • Only aggregated trades (showing count) can be drilled down
  • Single transactions cannot be drilled down further
  • Drill-down data is subject to availability from the exchange

Best Practices​

  1. Combine with Market Depth

    • Use Trade List to see executed trades
    • Use Market Depth to see pending orders
    • Together, they provide complete market picture
    • Observe how depth changes after large trades

  2. Analyze Trade Patterns

    • Look for clusters of trades at specific price levels
    • Identify support/resistance based on trade concentration
    • Notice if large trades are absorbed or cause price movement
    • Track how trade size changes with price movement

  3. Use with Price Charts

    • Correlate trade activity with price action
    • Large trades at turning points may signal reversals
    • Increasing volume with price confirms trends
    • Decreasing volume may indicate trend exhaustion

  4. Practice Pattern Recognition

    • Learn to quickly scan trade colors
    • Develop feel for normal vs. abnormal trade flow
    • Recognize institutional vs. retail trading patterns
    • Build intuition for your preferred stocks

Frequently Asked Questions​

Q: What's the difference between Trade List and Market Depth?​

A: Trade List shows executed trades (transactions that have already occurred), while Market Depth shows pending orders (bids and asks waiting to be executed). Trade List tells you what happened, Market Depth tells you what might happen next.

Q: Why does a trade show a number in parentheses?​

A: The number in parentheses indicates multiple transactions were aggregated into a single row. For example, (5) 10,000 means 5 separate transactions totaling 10,000 shares occurred at the same price and time. Elite users can click to see the breakdown.

Q: What does the asterisk (*) next to the time mean?​

A: The asterisk (*) indicates a live trade that has been received in real-time but not yet consolidated by Trade Wizard. These trades appear immediately but may be updated once official consolidation occurs.

Q: How do I know if a trade is a buy or sell?​

A: Trade color indicates the aggressor side:

  • Green: Buy trade (buyer was aggressive, hitting the ask price)
  • Red: Sell trade (seller was aggressive, hitting the bid price)

This shows which side initiated the trade, indicating market pressure direction.

Q: What does the purple dot mean?​

A: A purple dot next to the volume indicates the trade occurred during a special trading session (opening, closing, pre-closing, or trading at last). Hover over the volume to see which session.

Q: Can I see trades from earlier in the day?​

A: Yes, scroll down in the Trade List to automatically load historical trades from earlier in the trading session. The list uses infinite scroll to continuously load older data as you scroll.

Q: Why can't I drill down into all trades?​

A: Trade drill-down requires two conditions:

  1. You must be an Elite subscriber
  2. The trade must be aggregated (showing a count in parentheses)

Single transactions cannot be drilled down further as they are already at the most detailed level.

You can toggle between these displays in Settings. Lots are commonly used in markets where shares trade in standard bundles.

Summary​

Trade List is a powerful tool that provides transparency into actual market transactions. By understanding executed trades, traders can:

  • Identify buying and selling pressure in real-time
  • Monitor institutional activity through trade size analysis
  • Recognize support and resistance levels based on trade concentration
  • Assess market momentum through trade flow
  • Understand market microstructure through drill-down analysis (Elite)

Remember that Trade List shows past transactions. Combine it with Market Depth (which shows future intentions through pending orders) and price charts for comprehensive market analysis. Practice reading trade flow on liquid stocks during active hours to develop your skills.

For optimal results, upgrade to the Elite plan for access to Trade Drill Down, providing deeper insights into how large trades are executed in the market.