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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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