Welcome back Freedom Grind Family! I will be doing detailed reviews of my Day trading progress and metrics using the free version of TraderVue. (CLICK HERE) So far I have a decent amount of data that I can look at and review as it relates to my trading!
I personally love Tradervue so far. I know most of us use an excel spreadsheet and handjam our trades into some sort of journal manually. I believe most of us fall off that wagon after a sort period, but using TraderVue is so easy. You just upload your trading statements straight into your account and they do the rest. TraderVue gives you so much information related to your Trading performance. The type of information that Tradervue puts together for you is really a fantastic data profile that will allow you to really see into your own trading mind!
So far with the limited Data I have from my Interactive Brokers account My Day Trading Metrics are looking phenomenal! Lets take a look at some of the most important ones as it relates to a profitable and consistent strategy!
The metrics I look at on TraderVue are the Win/Loss percentages, The Average Daily gain/loss, and the Consecutive Win/loss ratio. These are important in determining whether you are on the right trajectory with your trading strategy! There is also another metric that I wasn’t totally sure what is was and that is called the Profit Factor. The Profit Factor is a number that determines whether or not your strategy is profitable with 1 being just profitable. My current Profit Factor is 69.93! My Winning trade percentage is (92.9%).
As I move towards the 25k mark I am excited to see this data evolve. Once I cross the 25k mark and am able to Day trade every day I will have a much clearer image of what my performance will look like in a longer term scenario!
Thank You for reading and joining The Freedom Grind Team and as always happy Trading!