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 Hold Time" is the total of all hold times divided by the number of completed trades. Hold time for each completed trade is the time elapsed between the first transaction and the last. |
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.