Journal Tag Analytics

Want to know how effective your trading strategies and practices are?  This is where you’ll get your answers

Get visual feedback broken down by strategies and analytical data including a Profit Graph, Average Gross P&L, the frequency of each strategy executed, % Win Ratio, Number of Days in a Trade.

Journal Analytics is a powerful tool to reinforce consistency in the practice of the trading process- from the overview, evaluation, research, execution and exiting.  Journaling identifies what works, what needs more discipline, etc.  Analytics provide this information in easy-to-read data.


Updating Journal Entries

Updating closed or adjusted trades in the Journal Tab is easy by the following steps:

1.  Go to the Order Status Tab, change the default “Today” in the upper-right area of the tab for previously executed trades.

2.  Click “Journal” for the trade you want to update.

3.   You can add Notes, #tags, outlook to be included in the Journal.  Click “Save”.  (Note the Account Name where this trade will appear)

4.  The trade is now updated in the Journal Tab.  Expand the tab to see trade detail: Number of days in the trade, the profit (loss), order execution details, notes, tags, the Account Name containing the trade, etc.

The Analytics section will update using tags from these trades, further assisting in tracking progress in your trading.

 


Add New #tags and Auto-Tagging

Trade Finder Scans have #tags that will automatically appear on the corresponding trade tabs in the Journal, such as #BullCall, #BullPut or #CoveredCall, for example.   Trades built manually will default to #custom.  In addition, trades that have expired will be auto-tagged: #expiration.

You can revise these tags and/or add your own, by the following steps:
1.  On the Journal Tab, select the Trade entry you wish to edit by clicking on the Pencil Icon.
2.  In the Tags section (lower part of box), start typing the word/phrase you wish to use.  Example:  favorite
(It is not necessary to enter the ‘#’ symbol first).
3. Click on “Add (#NewTag)“, then Save.
4. The new Tag will be on the individual Trade tab and the Analytics section of the Journal.


The Legend - Heat and Spectrum Maps

The Legend shows the range of % negative or positive change represented by a color spectrum.  It is important to note: the range does adjust according to the data filters you select for the Heat or Spectrum Maps.

Clicking on the legend will show specific range of each color in the spectrum and give additional information about the definition.


Analyze Date

After the position is entered, click on the “Analyze Date” calendar to select the date.

You can click “EXP” to further analyze the trade on the option’s expiration date or use the arrows to move the original analyze date forward or back.

Your Position Analysis will display with estimated gain/loss calculations and the P/L Graph. 

The P/L Graph will also display the stock price on the analyze date via the vertical line.

Note:  The prices in the options chain will show the start date prices. The prices in the Analysis Panel will reflect the Analyze Date prices.

Once you have selected your date for analysis, you can edit the position, or try a different position, and the analysis will dynamically update.


Profit/Loss Graphs

Any position entered in the Options Chain (Calls+Puts, Calls or Puts) will automatically display a profit/loss risk graph.  The P/L Graph shows the Trade Profile Performance from the current day.

You can compare up to three (3) positions on one graph by utilizing the Camera Icons.  Once you complete one trade scenario, click the first camera then click ‘New’.  Structure your second trade scenario, click on the second camera.   To add a third scenario, click new to structure an additional trade.  The graphs will overlay.