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RedDuke · Jul 17, 2017

tradethetrade said:
Great question. Thank you for asking.

Most traders go out of business without knowing the underlying reasons. They might say that they ran out of money, time, discipline to follow a strategy and so forth. All good reasons, but...

When you analyze their trades with a system like Trademetria, it can reveal pretty interesting data about where the money went.

Here is a typical example:

Trader opens a 10k account, trades 1630 times over the course of 6 months and blows up.

When we load his trading history into Trademetria, we discover that:

2k was lost going short.
4k was lost on two stocks alone (C,AAPL)
1K was lost on 5 days where he did not respect his daily loss limit
1k was lost because he traded bigger lots when his average pnl was still negative.
2k was lost on strategy GAP.

A trader that uses Trademetria would, for example, after month 1:

Eliminate AAPL, C from the list potentially saving 3-4k.
Stop going short or take light positions only. Another 1-2k potentially saved.
Stop trading the GAP strategy as it proved to be unprofitable. Another 1k saved.

Eventually, the trader lasts long enough to become profitable and stay in the business by trading based on statistical analysis that showed the way to profitability.

Our system brings these insights on a daily basis, so you can trade->measure->learn->optimize your trading performance as you progress. If you don't do this work, it is very hard to know where/how/why you are losing money regardless of whether you are profitable or not.

Do you know all these metrics for your account? If not, I invite you to open an account and check where you can improve.
More...

Thanks for explaining. I coded custom logic to do all of the above (some shape or form) for myself.

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Have a trading firm? We have a product for you.

RedDuke