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peterB

Tradersync - journaling app/website for daytraders

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found another great feature today.

i wanted to know how my account woud look like if i traded only 5 trades a day and not more (in the last 2 months)

 

the red dots represent the trades which would be scratched and the green line shows the results while the line with the dots shows the actual results

As you can see there have been days which my overtrading did make me more progits like in June but in July it is obviously taking me down.

immagine.thumb.png.b1f92fef263c519fee123f8cf3bd3d41.png

 

and this is very good data to see...

last 2 months IF i would trade 1 trade a day (like the 1st one)

immagine.thumb.png.8a1e7bd0eb830368bd7771c233b6fd15.png

 

2 trades a day

immagine.thumb.png.cc52531d7acc8b2248a25844b4190217.png

3 trades a day

immagine.thumb.png.0fb116e55819e49d5aa823b22c40e56f.png

 

4 trades a day

immagine.thumb.png.611d1d9db49bca1e55d8d0039e90cf72.png

5 trades a day

immagine.thumb.png.af49349e3a7f5ec7a3d92dcb604bf017.png

 

so this proves me statistically that by trading less i would have more profits and would not have to pay the commissions too!

so for me in this month it would be best if i traded only 2 trades a day

 

immagine.png

Edited by peterB
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Great post Peter!

Two questions:  
1st, What would you say are the top 2 things you have changed from May to Juin to correct your results in the green?

2nd, On the ''overal account ballance per day'' section, you can see a clear uptrend then it looks like you became to confident and then gave it all back couple days later. What were you doing differently ? Is there a critical point wich make it plummet ?

Maybe the answers to those 2 questions are the same AND The holt grail of trading ? who knows. Really looking forward for you answer 🙂  

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hi Bibonow,

to be honest i do not remember anymore. i am still oscilating shallow below zero draging the account down doing different mistakes. currently big problem with overtrading and still pushing trades - problem with patience before entry

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Hi Peter, a couple more months after your July post, are you still happy with Tradersync? I'm just getting started trading and looking for a journal solution. 5 weeks in using demo accounts and this week new to BBT and DAS. I'm really intrigued by the analysis side of things as well as ease of keeping track of what I'm doing. Reading a few reviews and reddits, some complain of their trades not syncing properly. Have you ran into any issues with DAS and importing - assuming you use DAS? I'm going to give the free trial a go to see if it'll sync with my DAS simulation account. Any further insight appreciated.

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finding what you are good at and what to work on

what do i trade most this month
immagine.thumb.png.0387bf7daa918ed306627f5e94fb2f62.png

lets see the stats for those

3BAR play

this year
immagine.thumb.png.b4888893e04582b597773bd3117b415f.png

this month
immagine.thumb.png.c75ddacfd8e164b475799285cc0eb54a.png

evolution
immagine.thumb.png.ce50746b0683020b16e2dd14e5120f3e.png

ABCD

this year
immagine.thumb.png.081137b83ab19084bc1d112857505bd9.png

this month
immagine.thumb.png.388443aaaf1638708ea8aeb912d07e03.png

evolution
immagine.thumb.png.8e53223b7de15642da23ee1d7a4774cd.png

Parabolic reversals

this year
immagine.thumb.png.fa7db32fe0a80b07c9123945385ff1d1.png

this month
immagine.thumb.png.85d525a5aab0ec2d36a401d2140c504e.png

evolution
immagine.thumb.png.00b53c00c57c69f8ecd436235066e0b5.png

 

so obviously i am losing money on the parabolic reversals. lets see the reason for that. look at the setups statistics when i have done no mistakes

immagine.thumb.png.e4e2f038df350d5db7ed5ebb6966ba74.png

immagine.thumb.png.d3237eee6094d26ef4e012f5e54c6a49.png

immagine.thumb.png.bd5ce05a59d377b28fc81e82482d34e1.png

i see 50% win rate for parabolic reversals which is the same as for 3bar play so the problem is i do many mistakes=i take trades which i should have not taken=i am missing some entry rules

lets see this months most costly mistakes on that setup
immagine.thumb.png.95daeacfe04d79cec09c66a48b5e7426.png

so i took 4 times too big size and 3 hulk trades and 3 revenge trades and 2x4 times broke the entry rules. It is easy to see, now it will be harder to implement.

If you struggle and wanna help with some stats, i am happy to help you fiding your problem.

 

 

 

 

Edited by peterB

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Amazing job tracking your stats Peter. This is very motivational for me. Thanks for analyzing my trades today I appreciate it! Cya in the chatroom.

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Hi Peter, thanks for the awesome review!! Looks like it has everything. I do think it's a bit on the expensive side compared to Tradervue? What do you think.

 

One more question @peterB what plan did you get? Or recommend getting? Those tools look really useful to help you find / finetune your edge....

Edited by Fernando Samora

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if you take the trial, at the end of it you will be offered 50% discount

PRO i sufficient for basics  which would cost you $15 monthly but if you want some more what-if analyses you would need the Premium - $25 monthly or Elite. But i would advice to buy the lower then find out if you need more and upgrade anytime. I have the Elite which is $40 monthly which does extra automatic commissions counting, automatic stop loss tracking, trading management and some artificial intelligence insights which i barely use. The best feature of the elite is imho the trade management which would show you graphically what would your account would look like if you traded less or certain setups or avoid certain mistakes. Its easier to your brain to accept and stop doing some mistakes if you see it in the big picture.

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to summarize the year and to see the best setups to focus on set the filter to mistakes NONE to see the setups where i did no mistakes

obviously ABCD and parabolic reversals are my thing

immagine.thumb.png.1142eb2f9c6c140ff1e9a38bc0065de8.png

how many have i taken?

immagine.thumb.png.ab9046de0438aff5473ff5cf6b45b014.png

 

and to work on avoiding mistakes see the overview of mistakes in the Reports screen

guilty of

1. too big size - which turned always against me

2. too soon entry - that FOMO is a devil

3. not a real setup - avoid random trades, need to trade just the above setups and all will be fine

immagine.thumb.png.d9b268ce72ac94bbbff801a8fc16ce45.png

and how would i end up keeping 5 trades max rule? actually 139R better than currently - another reason to work on that rule

immagine.thumb.png.d82096778c89ea284d06e02709d478b1.png

If i was able to avoid those 3 biggest mistakes keeping 5 trades max to avoid commisions it would look like this - a 382R difference. Those mistakes are costy twice - in realized profits and also on commissions

immagine.thumb.png.1a622ffb3d57b028f5ad15995d64a2c0.png


 

 

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If anyone using Tradersync wants to consult some statistics or useful views do not hesitate to contact me.

Happy New Year!

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Hello Peter,

Would you be willing to do a classroom lesson involving a walkthrough of this site? I subscribe to it and it would be handy to know some ins and outs from experienced people

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sure if there is enough people willing to participate

Edited by peterB
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I use TraderSync and would be down for attending. Great idea! Would love to see how I could get more out of it as far as analysis and anything else.

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there is a new feature called "running P&L" where you can see if you left money on the table or how was your trade evolving since your entry. It is part of the Premium or Elite subscription only.

If you are struggling with missing the partial or exit, this will show you how much it cost you,

Or you can use it if you partial too soon too much on how much profits you could make if you partialled later. In other words the full potential of your trade.

immagine.thumb.png.cc57a016dac1ec173f5361ca193825c2.png

immagine.thumb.png.2a9c5169bd3f5072e07107b7afeff8cc.png

 

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Hey Peter, I'm looking into TraderSync and concerned about some reviews.  In particular, this one:

johnnymac221, 07/02/2020

Had to go back to TraderVue

The one star is for the following:

- the user interface is very “sexy” looking...

However, in the few short months I honestly TRIED to like TraderSync and use the web version to update and review my trades, I spent more time with support trying to get my P/L to line up with my ThinkorSwim account than I did actually reviewing my trades. It never lined up. Countless trouble tickets for this. My P/L was always wrong and the support guys were always trying to tweak it on their end, to no avail. They could never get it correct to line up with what I knew was right in TOS. I showed them proof even though they eventually put the blame on ThinkorSwim, which I proved was wrong as well. It then got into a we’re right, you’re wrong situation and that I needed to contact TOS. These guys have no idea what real customer service is and it shows by the rating on this app. I should have known. I asked for my money back and to cancel the service and they wouldn’t do it, EVEN after they said they would if I could prove they weren’t matching my numbers correctly, and I did.

So they can keep my money, and I am now back to TraderVue where I should have stayed to begin with. The TraderVue system is incredibly simple and much more easy to use even though there isn’t an app. I got suckered into the “sexy” interface and app that TraderSync offers, but it isn’t useable in my honest opinion. Maybe others will have luck. Hope the developers have a nice dinner with my annual subscription, and I better not get charged again.

Based on what you've written in this forum, it sounds like you're happy with TraderSync and have not experienced any issues.  Have you ever used TraderVue?

Thanks in advance for your input!  

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