We are pleased to introduce Daily Trade Analysis, a feature designed to take your trading experience to the next level. With this tool, you can upload your trade files and generate a detailed Mark-to-Market (MTM) graph, along with a comprehensive breakdown of your trades and the brokerage fees. Share your trading insights on Twitter and connect with your trading community
Understanding Daily Trade Analysis
Daily Trade Analysis offers a clear visualization of your Profit and Loss (PnL) over time, derived from your trading activities. By uploading your trade files, you can gain a deeper understanding of your trading strategies, monitor performance, and keep track of trading costs.
Additionally, you can select the historical price movement of various indices (finnifty, nifty, sensex, midcapnifty, bankex, banknifty) to see how your PnL might be correlated with market movements.
Use Cases for the Daily Trade Analysis
Daily Trade Analysis provides multiple benefits:
• Interaction Tool: Share your MTM graph and trade analysis on social media platforms like Twitter to engage with your trading community.
• PnL Visualization: Easily visualize your PnL to gain better insights into your trading performance.
• Trade Breakdown: Receive a detailed breakdown of your trades, enabling thorough analysis of each trade.
• Brokerage Analysis: Understand the brokerage fees associated with your trades for complete transparency.
• Market Correlation: Select historical price movements of indices to see how your PnL correlates with market trends.
• Storytelling Tool: Utilize the graph and trade breakdown to narrate your trading journey, emphasizing significant moments and decisions.
Strategies and Analysis with Daily Trade Analysis
Traders aim to smoothen their MTM to better navigate through market fluctuations. Here’s how the Daily Trade Analysis can support various strategies:
• Positive Skew Strategy: For trend-following strategies, where small losses are followed by substantial gains, the MTM graph helps illustrate this pattern, validating the strategy.
• Option Selling: Track consistent small wins or occasional negative skews with the graph, gaining a comprehensive view of performance.
• Mixing Strategies: Combine different strategies to balance risks and enhance overall performance. The MTM graph and trade breakdown provide a holistic view of strategy integration.
Traders can use the Daily Trade Analysis to analyse their trades and figure out where to set stop losses based on performance, fostering disciplined risk management.
Integration with Trade Files
Using the Daily Trade Analysis is effortless. Simply upload your trade files to our platform, and the analysis is generated automatically. This feature is compatible with brokers who provide timely trade files, ensuring precise and current performance tracking.
NOTE : Daily Trade Analysis only works for INTRADAY trading for the current date. It does not yet work for past dates.
Daily Trade Analysis is a robust tool that enhances your trading experience by providing valuable insights and a platform for sharing your journey. Whether you focus on trend following or option selling, the Daily Trade Analysis can help you refine your strategies and improve your performance.
With the added ability to correlate your PnL with historical index movements, you gain even deeper insights into your trading. Try it today and enhance your trading analysis.
