At Trademetria, you can discover what your best and worst Instruments are. This is important because it shows what you should be trading and at the same time avoid trading instruments that you don’t understand how they move.

Let’s take a closer look at how it works.

The first column shows the most profitable instruments. Note that it not only gives your total pnl, but also your average pnl per trade followed by the number of trades. The number of trades is important because sometimes you could make a big trade that will take the top spot, but it does not necessarily mean that you know how to trade it based on a single trade. Another important observation is the average pnl per trade. In the picture above, you can see that KWK is the best stock, but the trader traded it 33 times making only $7.20 per trade while STJ has a much higher average per trade and therefore is much more efficient instrument to trade than KWK.

Understanding this is important because the purpose of this Report is not only to show your best and worst instruments, but also tell you what you should be trading the most.

Typically, this report should be run when you have enough trades to take quantitative decisions. If you only traded a few times, it might not give you enough quantitative evidence to make any decisions on what instruments should be kept and removed from your watch list.

Active traders typically run this report once or twice a month adjusting their watch list according to the results.

Pro tip: Clicking on the instrument will pull up all trades for that instrument.

You can see a video explanation of this report at: