We are happy to announce the release of the Relative Performance Dashboard in Journalytix. Unique functionality that helps you keep your finger on the pulse of your trading day. Whether in real time or in your end of day reviews.
Updated in real time, you get in-depth stats to help assess your performance relative to historical averages. At a glance comparisons of P&L, win/loss trade size, trade frequency, time in trade proportions of wins/losses and profit factor.
Intraday, you get rich at a glance performance information that helps you cut bad behaviors before they damage your account AND see when things are going particularly well. For example, if your average losers and position count are way above average, you might want to consider stopping for the day. If you are doing really well, you might want to consider scaling up and trading more size.
At the end of the day, these stats make your end of day review faster, more accurate and more fun. Telling you if each day was particularly good, bad or simply consistent with prior performance. Above average results should be investigated, so you understand why you did well. Was it particular market conditions? were you particularly focused? did you simply behave better that day. Often something as simple as different market conditions will boost your performance. Understand it, recognize it next time and you’ll be able to capitalize on it.
The video below shows the dashboard in action and walks through the features.