Better tracking for active traders
For those who have been on the platform a while you have seen kinfo gradually transform focus from buy-and-hold long term investing to focus on active traders who practice day & swing trading.
The most drastic change has been how trading metrics are calculated which is now focus on standard performance metrics for active traders
- Your profit
- Your average gain per trade
- Your winning trades percent
These metrics are basic but very relevant to measure if you are a successful trader.
There is no fixed goal that applies to all traders since everyone’s strategy is different. Some traders make small gains on many trades and some make big wins on a few.
Though, as a rule of thumb if you are a beginner. You should at least aim for
- A positive average gain per trade
- A winning trades percent above 50%
- Maintain and improve these numbers consistently over several months
Up until now you have been able to view these numbers and break them down per month in the journal.
An improved trading journal for day traders
I have added a new view to the trading journal which shows daily performance and the underlying trades which made up to the profit or loss.
TradeZero users will get the most out of this since the integration with TradeZero support real timestamps.
For each trade you will see for how long you were in the position and how many transactions you performed.
As before, these trades can be expanded to view the underlying transactions and a chart for the stock. Charts for options is still not available but something I am working on, stay tuned!
Day trading journal
In the journal you can easily switch between the daily & monthly view.
The daily journal shows your profit/loss per day.
More detailed trade information
I have seen quite a few traders who trade small amounts and still don´t make profit despite making quite good trades. One of the reasons for this is that fees eat up the profit.
The trade view has been improved to show fees and net gain.
When expanding a trade you will now see in detail
- Number of shares per trade
- Gain before fees
- Net gain
I get quite a few requests to add social features like commenting and following. These features has been available before but was removed when the I chnaged the platform to be focused on active trading.
The plan has always been to re-add these features so you can expect this to be available shortly.
All new features are based on user feedback so if you would like to see something added, let me know! You can use the comment section below or email on karl [at] kinfo.com
Good luck with your trading!