V. 22:2 (90-92): Product Review: Terra Nova Trade Evaluator by David Penn
Product Description
Product Review: Terra Nova Trade Evaluator by David Penn
Just about any evaluation of trading performance will include a look at gains versus losses, P/L, most and least profitable trade, percentage gainers versus percentage losers, average profit per trade, and so on. But what about your long positions versus your shorts? Or whether your largersized lots (say, between 750 and 1,000) tend to do better or worse than smaller lots? Are you doing a better job trading lower-priced stocks than higher-priced ones? How does trade duration factor in — do you do better the less time you spend in a trade? And speaking of time, when are most of your daytrades — early in the trading day? Around noon? Are they bunched up around the close?
This is just a sample of the sort of information that Terra Nova traders taking advantage of Terra Nova’s Trade Evaluator have at their fingertips. While it is true that a trader could probably compile all this information by hand, Terra Nova’s Trade Evaluator lets traders spend their after-market hours doing something far more productive than scribbling out trade statistics like some medieval scribe: he or she can be reviewing old trades and planning new ones.
Just about any evaluation of trading performance will include a look at gains versus losses, P/L, most and least profitable trade, percentage gainers versus percentage losers, average profit per trade, and so on. But what about your long positions versus your shorts? Or whether your largersized lots (say, between 750 and 1,000) tend to do better or worse than smaller lots? Are you doing a better job trading lower-priced stocks than higher-priced ones? How does trade duration factor in — do you do better the less time you spend in a trade? And speaking of time, when are most of your daytrades — early in the trading day? Around noon? Are they bunched up around the close?
This is just a sample of the sort of information that Terra Nova traders taking advantage of Terra Nova’s Trade Evaluator have at their fingertips. While it is true that a trader could probably compile all this information by hand, Terra Nova’s Trade Evaluator lets traders spend their after-market hours doing something far more productive than scribbling out trade statistics like some medieval scribe: he or she can be reviewing old trades and planning new ones.
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