Managing risk is a cornerstone of successful trading, particularly when it comes to short options strategies. To enhance your ability to monitor and assess risk, we’ve introduced the Notional Risk metric to the Key Stats section of your dashboard. This…
Definition Average Trade Profit/Loss is the mean net profit or loss per trade over a specific period. Calculating Average Trade P/L Divide your total net profit or loss by the total number of trades executed. Average Trade P/L = Total Net Profit or Loss /…
Definition Average Daily Profit/Loss is the average net gain or loss per trading day over a specific period. Formula Divide your total net profit or loss by the number of trading days in the period. Average Daily P/L = Total Net Profit or Loss / Number of Trading Days…
Definition Largest Day Loss is the most significant loss incurred in a single trading day. It indicates your maximum potential daily downside. Calculating Largest Day Loss Review your daily P&L records and identify the day with the largest loss. Example…
Definition Largest Day Gain is the highest profit you’ve made in a single trading day. It reflects your peak daily performance. Calculating Largest Day Gain Review your daily profit and loss records and identify the day with the highest profit.…
Definition Average DTE (Wins): The average days till expiration for your winning options trades. Average DTE (Losses): The average days till expiration for your losing options trades. Formula Add up the DTE for winning or losing trades and divide by…
Definition Average Days Till Expiration (DTE) is the average time remaining until your options contracts expire when you enter the trade. It’s crucial for options traders, as time decay (theta) affects options pricing. Formula Add up the days till expiration…
Definition Average Loss Duration is the average time your losing trades remain open. It helps you understand whether you might be holding onto losing positions for too long. Formula Add up the duration of all losing trades and divide by…
Definition Average Win Duration is the average time your winning trades are held open. It provides insight into how long it typically takes for your trades to become profitable. Formula Add up the duration of all winning trades and divide…
Definition Average Trade Duration indicates the average time you hold trades open. It provides insight into your trading style—whether you’re a day trader, swing trader, or long-term investor. Formula Add up the duration of all your trades and divide by…