Profit Loss Monitoring
Felipe Villasenor
We should be able to easily click an account, strategy, or subscription and see the profit of the last trade, day, or just the most simple stats that are easy for your dev team to provide. IF a trade has an error or is rejected, no profit or loss is shown, then users must log into their broker or a site like Tradovate to see the profitability of their strategy for the day or the last trade.
Lindsey Starkweather
Funny... the TradersPost paper trading account shows the "Day's P&L" at the top of the dashboard, but this field is missing when I view the dashboard for my live brokerage account (IBKR).
I really like your idea to show P&L per strategy/subscription, but this may be an impossible ask. A trader could send entry signals via one webhook and exit signals via another webhook. A trader could enter a trade via one webhook, and then manually cancel/replace the exit order so it's no longer associated with the strategy. A trader could accrue position size using multiple strategies, and then submit one exit order to close the position. So it's not really cut & dry which profits/losses would belong to which strategy.
The devs could perhaps show P&L on closed orders if the brokerage provides this information; however closed orders currently disappear overnight. Also, the broker's P&L calculation per trade is not always "correct" depending on your accounting method and how trades are matched into tax lots. I actually throw out my broker's 1099-B tax form, and I would ignore their P&L calculation if it were displayed on TradersPost.
I download trades from my brokerage directly to analyze P&L. Ideally, TradersPost would map additional data fields to the brokerage transactions (i.e. allow us to send an external identifier like the strategy name/id in the JSON message, and map this field to the standard "Order Reference" field on the brokerage transaction itself). This way when you download trades from your brokerage to calculate P&L, you can easily analyze by strategy (or whatever tag you sent to the "Order Reference" field).