The Trade Performance report helps you identify possible trends in your trading activity by examining your trades over a specified period of time and breaking down Wins and Losses by:
- Long vs Short
- Time of Entry (note: if a time period has no trading activity, it will not be displayed)
- Day of the Week
- Traded Security
- Instrument Type (equities, options, futures, etc)
Understanding the Trade Performance Report
Below is a snapshot of a the Trade Performance report with sample trade data.
Statistics
| Column | |
|---|---|
| BAT | "Batting Average" is the percentage of winning trades |
| W/L | "Win / Loss Ratio" is the average net gain in winning trades / average net loss in losing trades |
| Avg Hold | "Average Holding Period" is the average period of time during which each position was held |
Completed Trades
All statistics are based on completed or "round trip" trades. A completed trade is defined as a set of transactions from the time a position is opened until the time it goes flat. For example, given the following fills:
| Date | Side | Shares | Symbol | Price |
|---|---|---|---|---|
| Monday | B | 100 | XYZ | $1.00 |
| Tuesday | S | 50 | XYZ | $2.00 |
| Wednesday | S | 50 | XYZ | $2.00 |
The Trade Performance report would calculate one trade, realizing a $100 profit, and is counted for Wednesday.
Wash Trades
A wash trade is a trade where the net profit or loss is exactly $0.00.