Most traders don’t have their trading performance analyzed – that’s a fact.
Most traders also fail – that’s also a fact.
This behavior is quite strange and curious given the foundation of successful trading is built on the theory of statistics and probabilities. So why don’t new traders take the time to go through their statistics more often? The answer is as simple as the question itself, it’s because it’s not as exciting as spending your day stalking trading opportunities and thinking about what you’ll do with your profits. There are some traders who would love to go through their reports and find key insights into their trading but unfortunately, they don’t have the background in statistics and often don’t know where to start. Going through line by line of your trading history is often painful, tedious and requires a great deal of patience and a certain attention to detail.
Since you are here reading about the importance of performance analysis, you’re already ahead of 70% of retail traders out there. That sounds a bit excessive but the truth is, most new traders fund their account and lose their money. They start with large ambition and are genuinely motivated to learn, yet, most of them fail to focus on the most important component of trading – statistics. Analyzing your performance plays a crucial role in formulating your trading strategy. The vast majority of equity traders tend to measure their trading success in terms of profit and loss. This simplistic measure will answer what they think to be the most important question – did I make money or they I lose money this year?
However, this simplistic view isn’t enough when you enter the active trading world. It’s not enough to simply know if you made money or lost money, you need to understand how you got there, you need to know the likelihood of winning a trade before taking that specific trade setup. Do you need to set more objective rules to your trading plan in order to avoid emotionally charged decisions that only help you to lose in trading?
Evaluating and understanding the performance of your trading strategy in detail will help you avoid costly mistakes and attain better results. Far too many traders do not really understand how to interpret their trading results and how to approach trading from a calculated and risk-based approach, this prevents them from evolving into successful traders.
Enter Trade Doctors. Our team of expert analysts will provide you with a tailor-made professional trading profile of your individual performance. Through your trading results, they can uncover your trading personality, your likelihood of becoming a successful trader, the trading style that may better suit you and several additional insights that will help you become a successful trader. Our analysts are people too, this is why the instructions in their report don’t contain the usual industry gibberish that is difficult to apply in the real world, the reports contain simple instructions based on powerful insights.
KNOW?
Today’s financial markets are moving at an increasingly sophisticated pace and it’s difficult for novice traders to keep up with the trend. Paradoxically, many professional traders often neglect to objectively dissect their trading results despite knowing the importance and the great benefits this would have on their future performance.
A trader spends countless hours studying the markets and developing trading strategies in an attempt to gain an edge over the market giants of the world. Yet, most spend little or no time examining the factors that contribute to a successful strategy. Based on our experience, we believe that a thorough and solid analysis of a person’s trading performance can lead to better results for traders of all skill levels.
To begin, we need a copy of your complete trading history. The trading history should be available through most trading platforms, you should be able to download this report in format CSV or other similar formats. We prefer CSV but we will try our best to accommodate you if you’re unable to provide the statement in that particular format.
Once we’ve received your trading history, we will begin building your trading profile by conducting a detailed analysis of your trading results. This will take 3 to 5 days as our analyst will go through your history line by line with the goal of diagnosing and highlighting cognitive gaps in your trading.
Once the analysis is complete, our analyst will put together a detailed report containing your trading insights. This comprehensive report is your prescription to ease the symptoms associated with your trading pain. It’s that simple.
THE PLAN THAT’s right for YOU
If you are profitable, this report will show you where you can make improvements and increase your return.
From the start, our mission has been to democratize success in the world of trading and make it universally accessible to all. Today, we are proud to count members from all over the world. Individuals who have chosen to turn to a reliable team with the goal of educating themselves on traditionally complex subjects and make the necessary changes to become successful in trading.
We consider it a privilege to be able to help traders and as technology and trading continue to evolve, our commitment will always remain the same: Provide traders with the tools and resources they need to become successful in trading.
To be a source of inspiration and innovation for every Trader * in the world. (* If your goal is to become a trader, then we will make you a Trader).
Our strategy?
Continuously push you to become the best version of yourself.
How?
By giving you access to the tools and insights you need in order to become a successful trader.
This post is also available in: French