Day-to-day monitoring with Tradematic means checking a few specific items once or twice per day — not watching a screen continuously. The automation handles entries, adjustments, and exits. Your role is oversight, not execution.
This guide covers what to check, how to read the dashboard, and how often you actually need to look.
What Is Your Role as a Tradematic User?
Tradematic is an automated iron condor trading platform. Once you activate trading, the system identifies setups using institutional market data — gamma levels, dealer hedging flows, and hedge walls — and places trades without requiring your input.
That means your day-to-day role is different from a manual trader's. You're not watching for entry signals or managing orders in real time. You're checking in on positions that are already running.
Think of it like checking a rental property: you don't need to be there every hour, but a brief look once a day tells you if anything needs attention.
What to Check Each Day
1. Position Status
Open your dashboard and look at which positions are currently active. Each position shows whether it's open, pending fill, or has been closed.
- Open — the iron condor is active and running
- Pending — an order has been placed but not yet filled (common near open)
- Closed — the trade has been exited, either at target, at stop, or at expiration
If you see an unexpected status, check the position details for the reason.
2. Unrealized P&L
Each open position shows its current unrealized gain or loss. For iron condors, a small unrealized loss is normal when the underlying moves within the condor's range and implied volatility fluctuates.
What to watch for: unusually large unrealized losses relative to the maximum defined risk on the position. If a position is approaching its max loss threshold, review whether Tradematic's exit rules have already been triggered.
Most days, unrealized P&L fluctuates. You're checking for outliers, not micromanaging normal moves.
3. Upcoming Expirations
Check the expiration dates of open positions. If a position expires this week, note whether it's tracking toward profit or toward a potential issue. Tradematic manages expirations automatically, but knowing what's coming helps you understand any activity you see.
4. New Entries or Exits Since Your Last Check
Look at the trade log for any activity since you last checked in. New entries, exits, or roll events will appear here. This is a quick way to confirm the system is working as expected.
How Often Should You Check?
Once in the morning before market open is usually enough to see the full picture. A second check in the afternoon or after the close covers any intraday activity.
You don't need to be online during market hours for trades to execute. The automation runs independently of your session in the app.
Some users check once daily. Others check twice on days when they know a position is near expiration. Both approaches work.
Reading the Dashboard: Key Sections
| Section | What It Shows |
|---|---|
| Positions | All open trades, current P&L, strikes, expiration |
| Trade Log | History of entries, exits, and adjustments |
| Account Summary | Total account value, net P&L for the period |
| Settings | Strategy configuration, position sizing, broker link |
If the dashboard shows no open positions, it means either no entry criteria were met that session or all positions have been closed. This is normal — not all market days produce new entries.
What You Don't Need to Do
- Watch price charts in real time
- Place or modify orders manually
- Set individual alerts for each position
- Be online during market hours
The automation handles the execution layer. Your check-ins are for awareness, not intervention.
For users who want alerts configured, the iron condor alert setup guide covers how to add optional notifications without turning monitoring into a job.
When to Pay More Attention
Three situations warrant a closer look:
- A position is near its maximum loss — confirm Tradematic's exit rules are active
- A major market event is happening (Fed announcement, CPI release) — volatility may spike and affect open positions
- Your broker connection shows an error — check that the API link between Tradematic and your broker is active
In all three cases, your action is to review — not to start placing manual orders. If you're uncertain whether to intervene, refer to how to pause Tradematic during high uncertainty markets.
Frequently Asked Questions
Do I need to confirm trades manually after Tradematic places them? No. Tradematic executes through your broker's API. Orders are placed, filled, and managed without your confirmation. You can see the results in your trade log.
What if I miss a day of checking? The automation runs regardless of whether you're logged in. Skipping a day of monitoring doesn't affect the positions themselves. You'll see a summary of any activity when you next log in.
How do I know if a trade is performing well? Compare the current unrealized P&L to the maximum credit received when the position was opened. If you're holding most of that credit with time still left, the position is on track.
What does it mean when I see no open positions? It means Tradematic either didn't find entry conditions meeting its criteria, or all recent trades have been closed. Both are normal. The system only enters positions when market conditions meet its structural criteria.
Trading involves risk and losses can occur. Past performance does not guarantee future results. Options trading is not suitable for all investors. Only allocate capital you are comfortable risking.
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