When we first introducednearly a year ago, it was simply a way for traders to post their trades and create a public track record, the thinking being that it’s good to be 100% transparent as a trader and that by making every public, that makes you a bit more disciplined and profitable since you don’t want to look like an idiot in front of the community….now nearly 4,000 traders strong.
(And it helped me keep track of all the profits ofsubscribers and and subscribers)
But of course you could just always lie — which is what happens with the vast majority of social networks for traders which I’ve previously written about — so traders don’t improve and the entire industry is polluted with frauds and liars who simply don’t post their losses.
I’ve encouraged my students to be as honest as possible, but overall the stats of reporting accurate profits and losses is very sad and not very educational…
So with Profitly’s new features, (watch a video demo at http://profit.ly/live) we’ve upped the ante so that when you upload your trades, they go into a nice backend program with your very own trading stats that you can use to see things like what day is your best trading day, what month or months are best based on winning %, $ gains, % gains over various time frames like 30 days, YTD, 1 year, etc…
In total there are over 500 charts of your own personalized trading stats…and this is just the tip of the iceberg as I’m down here in FL working with my programmer every day to create new features.
Check out a video demo of my own personal trading stats which we’ve made free to the community so you can focus in on what I do best…pretty amazing that most of my gains over the past decade have come from just 4 out of the 12 months…even more cool conclusions can be drawn from charts like this (let’s see if you can guess)
ALL of these personal stats and features along with the ability to search other trader’s stats in the same details are available on our new Profitly plans page