5 Savvy Setups for the New Trading Dashboard

Written by The Inspired Investor Team | Published on February 24, 2022

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The new RBC Direct Investing Trading Dashboard has been upwards and running for a while now, giving investors a powerful, all-in-ane platform to enquiry and trade. A key feature of the new Dashboard is a gallery of customizable widgets. We could tell you lot all near how to use them – in fact, nosotros have (y'all can bank check out our guide) – but sometimes it'southward more fun to learn from other investors.

We spoke with a number of power users**, each with their own investing style and needs, to run across how they accept customized their workspaces for an efficient and enjoyable feel. Check out their setups below.

(Quick-start tip: Launch the Trading Dashboard online from "My Portfolio" or "Identify an Club" and add widgets through the "hamburger" menu (the icon with stacked horizontal lines) in the upper-left corner of the Dashboard.)

Trading dashboard illustration showing portfolio, order status and watchlist widgets.

The Observer – Portfolio, order condition and watchlists

Ansel has been trading since the pandemic began – just long enough to get used to the classic Dashboard, he says. It's important that his new Dashboard setup feels familiar. "I don't need annihilation too complicated," he says, "Just I'k willing to learn!"

Ansel prefers to use 1 workspace to view his portfolio and order status. "I don't merchandise frequently, but I like to cheque my positions on a daily basis," he says. "I want to run into all my holdings and orders on one folio."

He also "loves to picket the markets." In some other workspace, he's fix several custom watchlists. Ane shows his platonic mix, which includes stocks currently in his portfolio as well every bit some that he plans to purchase in the future. "That manner I tin always meet the 'what if,' and adjust my mix over time," he says.

  • How to view your portfolio:Portfolio & Lists > Portfolio
  • How to run across your guild condition:Widgets > Trading > Order Status
  • How to create a watchlist:Portfolio & Lists > Watchlist > Create Watchlist

Trading dashboard illustration showing quote, list and fact sheet widgets.

The Researcher – Fact sheets, detailed quotes, charts and defining columns

Myra, a fan of fundamental analysis and its numbers-first approach to investing, says she'due south optimized her dashboard for exploring stocks she's interested in. "The more than visual, the better. And after I get a crude idea of how a company'south doing, I have a closer at the numbers," she says.

Her "numbers" workspace features Fact Sheets and Quote widgets – offering her information most a stock's price, dividend information, performance and more. She then connects those windows to a watchlist using the Broadcast menu (the icon shaped similar three circles), which lets you broadcast content from ane widget to other linked widgets. "So I can click through my favourite stocks and the information just pops up. It's almost like magic," she says.

Trading dashboard illustration showing the chart widget.

Myra takes a similar arroyo to her 2nd, more visual workspace, where she connects a watchlist widget with a chart. "The charts I apply near are ane-day (or intraday), set to one-minute intervals, every bit well every bit one-year set to daily intervals," she says.

When she's looking at her portfolio, she uses the "ascertain columns" feature in the widget's drop-downward menu to go across the default view and display the nigh relevant data to her.

  • How to view a fact sheet: Widget > Quote > Fact Sheet
  • How to view a detailed quote: Widgets > Quote > Quote
  • How to add together a chart:Widgets > Chart > Nautical chart

Trading dashboard illustration showing quote and order book widgets.

In-the-Moment Trader – Real-time data, Level ii1 quotes and news

James' preferred investing style involves buying and selling stocks that can fluctuate dramatically in price. "I need two things: greater toll certainty, and upwards-to-the-moment information," he says.

The quote and chart widgets already give James access to real-time data by default (signed exchange agreements are required in some cases), "but I demand market place depth," says James. Real-time Level 2 quotes are available in the new Dashboard through the gild book widget, offer a view of what other investors are bidding or asking, and at what trade order sizes. "I appreciate being able to buy or sell at the best cost bachelor," says James.

Trading dashboard illustration showing the news widget.

In another workspace, James keeps an eye on headlines about his holdings by broadcasting his portfolio to a News widget. "I don't exactly 'buy the rumour, sell the news,' merely it's important to know what'due south going on out there," he says.

  • How to view existent-time Level 2 quotes: Widgets > Quote > Order Book
  • How to add together a news widget: Widgets > News

Trading dashboard illustration showing the U.S. portfolio widget.

The International Investor – U.S. portfolio and electric current substitution rates

Sadiya is keenly aware of home-country bias, which may cause investors to miss opportunities by sticking to markets shut to home. "That's just non me," she says. "I allocate a larger portion of my portfolio to the U.Due south. markets, but due to the companies available and the sheer size of the market."

Her chief Dashboard workspace is equipped with a portfolio widget set to her U.South. business relationship (an option bachelor when adding the widget), which allows her to avoid currency conversion. The market value of her portfolio automatically displays in U.Due south. currency, only from time to time she checks the exchange rates using the "United states of america Dollar / Canadian Dollar" currency quote. (Click the magnifying glass at the acme of a workspace to open the search bar. Click "filter" and cheque "currency," then search "USD/CAD" to pull up this particular fact sail.) This helps Sadiya convert her portfolio value to Canadian dollars when tracking her overall net worth.

  • How to view U.S. business relationship side: Portfolio & Lists > Business relationship > USD

Trading dashboard illustration showing option chain, chart and fact sheet widgets.

The Options Trader – Option chain, chart and fact sail

Alma, who considers herself an agile trader, says she focuses on a handful of securities and trades them regularly based on a chosen strategy. "You could call me a creature of habit," she says.

She often has one workspace dedicated to a single exchange-traded fund (ETF) that she frequently trades. Alma starts with a fact canvass and a chart with various studies added, then links them to an options chain widget using the Broadcast menu. This allows her to monitor every facet of that security at all times, especially at market open and close.

  • How to view options chain: Widgets > Listing > Choice Chain

No affair your feel level or preferred investing style, the new Trading Dashboard has something for you. At that place's no wrong way to explore – feel gratuitous to recreate some of the setups above, or experiment with widgets and settings to create a workspace tailored to you. For even more inspiration, read our guide to making the Trading Dashboard your ain.

*All of the Dashboard views included are for illustrative purposes only and are not meant as recommendations of any specific security or investing approach.

**The individuals featured in this article are composites of existent user interviews, anonymous client feedback and RBC survey data.

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1Level ii quotes are available on stocks and ETFs that trade on the TSX and TSX-Venture exchanges for all clients. Level 2 quotes are also available on stocks and ETFs that merchandise on the Canadian Securities Exchange and Nasdaq for Active Trader clients upon accepting the terms and conditions of all exchange agreements on the RBC Directly Investing online investing site.

The Trading Dashboard is an Automated Service equally divers in your RBC Direct Investing Functioning of Account Understanding and is bachelor just where permitted past law. The products, services and securities referred to on the RBC Direct Investing Trading Dashboard are simply available in the jurisdictions where they may be legally offered for sale. The information provided on the RBC Straight Investing Trading Dashboard should not be construed as an offer past RBC Directly Investing to sell specific securities in any jurisdiction, including the United States. If you are not currently a resident of Canada, you should not access the information available on the RBC Direct Investing Trading Dashboard.

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Furthermore, the products, services and securities referred to in this publication are simply available in Canada and other jurisdictions where they may be legally offered for sale. If you lot are not currently resident of Canada, yous should non admission the information available on the RBC Straight Investing Inc. website.

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