Trademetria is an online trading journal for active traders and investors that focuses on providing the best tools available for tracking and analyzing your trades. As a trader is it vital to understand your trading habits and the best way to do that is through journaling. By keeping track of this data you can analyze your strengths and weaknesses and then can work on eliminating your mistakes and get yourself on track for more consistent trading results.
At Trademetria you’ll be able to monitor a number of key metrics including:
- Win rate
- Average Volume
- Average winner/loser
- PnL of both long and short trades
- Number of short vs long trades
- Number of trades per day
- Projected PnL by x number of trades or days
- Commission & Fees
- Gross & Net PnL
You can also run data filled reports that include robust charts that provide a visual representation of your trading making it easier to understand and analyze. What is also great is that it can track different trading instruments other than just stocks like options, futures, and forex and you can import from multiple accounts. The data can be imported a few different ways including manually, a CSV file or by a broker file.
I really like the reports you can run that break you trading down in details and even includes your ECN fees and trading commissions. You can have the charts plot your gross PnL vs your net Pnl so you can see how much your spending on commissions and maybe looking for ways to lower it.
There are a few different packages that you can choose from with the most basic package being free. This package includes an import of up to 30 trades per month, 3 delayed quotes with limited metrics and reports to analyze your trading with and can only track one account. For just $9.99 per month you can upgrade and have the ability to import up to 100 trades per month with unlimited delayed quotes and have access to all metrics and reports available for one account. The Pro package is $19.90 per month and includes everything mentioned in the basic package plus you can track up to 10 accounts. So depending on how much you trade and how many accounts you have you can choose between the best option for you. For you what you get in return, these are great prices and is worth checking out.
Overall, Trademetria proves to be an important tool for any trader looking to improve on their trading and is why I recommend checking them out. Journaling trades is an important step for new traders looking to understand their trading habits and is great for veteran traders looking to understand why they are in rut or are looking for ways to improve on their trading. I journal and review my trades every day to make sure I haven’t started doing anything that may affect my PnL negatively. If you would like more information, check out their website or shoot them an email. They were great to deal with and were able to help me get set up quickly.
As always if you have any questions or comments regarding Trademetria, please leave us a message below!