What is a Trade Report and when should I expect it to update?

Trade Reports are uploaded at the end of each trading day and they should appear on your dashboard by 6 PM CT. If your Trade Reports are not uploaded or don't look right, please contact support@topsteptrader.com.

Trade_Report.png

 

1. Net P&L

What is this number?

  • Your total wins and losses including fees and commissions

How to use this number?

  • This is your trading scoreboard, gauge how well your strategy is working in the markets
  • If positive: recognize your strategy is working, stay humble, keep doing what you are doing
  • If negative: recognize that your strategy may need adjusting, keep your head up, and continue to review your metrics

2. Average Winning Trade and Average Losing Trade

What is this number?

  • Average Winning Trade: The average profit from all winning trades
  • Average Losing Trade: The average loss from all losing trades
  • Your risk to reward ratio

How to use these numbers?

  • If Average Winning Trade (reward) is the larger than Average Losing Trade: Remain focused on increasing this number and creating smaller losing trades
  • If Average Losing Trade (risk) is the larger than Average Winning Trade: Focus on increasing winning trades and cutting losses early

3. Winning Trade Percentage

What is this number?

  • The percentage of winning trades out of total trades (this percentage does not include break-even trades)

How to use this number?

  • If 60-100%: You’re trading well, consider increasing contract size
  • If 40-60%: This is a sustainable and good range, maintain a positive risk to reward ratio to ensure profitability
  • If 0-40%: Improvement is part of the journey. Decrease contract size, consider adjusting your strategy

To view a video walkthrough of your Trade Report click here.

Was this article helpful?
32 out of 35 found this helpful