Praxis

Praxis is an AI-powered trading journal that can help you improve options trading strategies. It's integrated with popular trading platforms like Robinhood, Webull and Thinkorswim, and offers a suite of tools to fine-tune methods and spot trends.

Praxis offers several features designed to help you improve your trading decisions. A detailed trade log captures all trades from entry to exit so you can scrutinize trades after the fact. Journaling technology lets you record your thoughts, explanations and observations so you can keep a record of your own trading history. AI-powered insights can analyze your trading data to suggest improvements, and interactive analytics can help you understand your trading strategy's strengths and weaknesses.

The service is designed to make trading easier, with a tagging and rating system to label and prioritize trades. Real-time performance metrics let you track win rates, drawdowns and other key statistics. And you can tap into AI's ability to spot patterns and predict psychological trends to make more deliberate trading decisions.

Praxis supports multiple trading platforms and plans to expand to futures, forex, stocks and crypto in the future, so it should be able to keep up with whatever financial services industry changes come your way. And the service includes tools to manage the emotional aspects of trading.

Pricing tiers include:

• Pro: $30 per month (annually billed at $360)

You'll get AI insights, trade logs, advanced analytics (beta), emotion-strategy mapping, personalized AI feedback, notebooks and market research.

Praxis is geared for options traders who want to improve their methods with AI-boosted data analysis and journaling. By centralizing important information and making it easier to document trades, Praxis hopes to help you make better decisions and improve performance.

Published on July 3, 2024