Trade Journal - Analyzing your trades

Annotations

In an earlier post, we looked at how to import your data and get started with using the Journal. In this post, we'll go into how to use the different filters to analyze your trades.
If you have not yet imported data, please do so now. After your data is imported, there are still a few things left to add- our metrics. From the Dashboard, head over to Edit Data

The Edit Data page will display your trades for the selected date. Tap on the Edit button in any row to edit that particular position.


Here, we add details about the particular trade. Was it a trade based on a breakout? If so, add 'breakout' to the tags box. Add any other tags you think are relevant to this position. Next, add the stop loss and target, if you had these for the trade. These metrics are required to calculate your risk/reward per trade. If you don't use them, you can leave it blank for now.


Analysis

Once you're done annotating the trades, its time to analyze them!
From the dashboard, head over to Load Analytics

Time Series analysis

Set the Chart Type to Time Series to get a chart of your day to day P&L variation. It also displays your win percentage over the period, and the total profit.


Total P&L

Set Chart Type to Total P&L to see the P&L broken down by each symbol. You can also limit your chart to certain symbols only, by typing those symbols in the Tickers box- to limit the P&L to TATAMOTORS and GAIL, type TATAMOTORS,GAIL in the Tickers box and hit Load.


Entry time & Exit Time

This is quite useful if you are an intraday trader- P&L broken down by trade entry time. In this case, it seems trades entered early in the morning are quite profitable , while those in the afternoon are not so good.


Risk Reward

This chart is calculated only for trades where the Stoploss and target has been added by the trader. Using these, and your entry, exit prices, it calculates your risk/reward for the trade at the trade entry. The higher the better. This helps you determine if your trades are expected to be profitable on average, along with the Win percentage.