Trading Journal

Analytics

Your Edge

Proven strategies with positive expectancy — focus here.

10 -- Stock (wheel)

58 trades

Positive edge

Net P&L

$16261

90d P&L

$6717

Win rate

84.5%

PF

1.28

Avg hold

33.1d

Avg win $1524Avg loss $-6493Commission $59W/L 49/9

High win rate but poor payout ratio — winners are too small relative to losers; try letting profitable trades run longer

Closing winners too early — winners close faster than losers; consider using trailing stops to capture more upside

Long average hold time (33 days) — ensure theta/time-decay risk is being managed

Expectancy: $280/trade (avg win $1524, avg loss $-6493)

41 -- Synthetic: invest

138 trades

Positive edge

Net P&L

$7117

90d P&L

$-1233

Win rate

76.8%

PF

1.68

Avg hold

16.3d

Avg win $165Avg loss $-326Commission $154W/L 106/32

Positive edge — profit factor above 1.5×

Holding losers too long — losers stay open 2.4× longer than winners on average

Expectancy: $52/trade (avg win $165, avg loss $-326)

R:R 0.51 — breakeven at 66% WR, you have 77% (thin margin)

38 -- Iron Condor

59 trades

Positive edge

Net P&L

$2824

90d P&L

$1322

Win rate

66.1%

PF

1.55

Avg hold

22.5d

Avg win $204Avg loss $-256Commission $137W/L 39/20

Positive edge — profit factor above 1.5×

Expectancy: $48/trade (avg win $204, avg loss $-256)

R:R 0.80 — breakeven at 56% WR, you have 66% (thin margin)

Good profit factor 1.55 — consistent positive expectancy

21 -- Wheel: CSP

85 trades

Positive edge

Net P&L

$2151

90d P&L

$-41

Win rate

81.2%

PF

5.41

Avg hold

3.0d

Avg win $38Avg loss $-32Commission $0W/L 69/15

Strong edge — profit factor above 2.5× with solid sample size

Expectancy: $25/trade (avg win $38, avg loss $-30)

R:R 1.26 — need 44% WR to break even, you have 81% (+37pp margin)

Strong profit factor 5.41 — durable edge, consider sizing up

23 -- Covered Call

163 trades

Positive edge

Net P&L

$1464

90d P&L

$85

Win rate

79.8%

PF

1.35

Avg hold

4.5d

Avg win $43Avg loss $-130Commission $3W/L 130/32

High win rate but poor payout ratio — winners are too small relative to losers; try letting profitable trades run longer

Expectancy: $9/trade (avg win $43, avg loss $-126)

R:R 0.34 — breakeven at 74% WR, you have 80% (thin margin)

Marginal profit factor 1.35 — thin edge, size carefully and mind commissions

Neutral / Developing

Marginal or insufficient data. Trade at reduced size until more data.

33 -- Put Credit Spread

251 trades

Marginal

Net P&L

$463

90d P&L

$129

Win rate

77.7%

PF

1.03

Avg hold

9.5d

Avg win $81Avg loss $-278Commission $0W/L 195/55

Marginal edge — barely above breakeven after commissions

High win rate but poor payout ratio — winners are too small relative to losers; try letting profitable trades run longer

Holding losers too long — losers stay open 2.9× longer than winners on average

Expectancy: $2/trade (avg win $81, avg loss $-273)

37 -- Butterfly

77 trades

Marginal

Net P&L

$90

90d P&L

$58

Win rate

54.5%

PF

1.03

Avg hold

13.8d

Avg win $73Avg loss $-85Commission $0W/L 42/35

Marginal edge — barely above breakeven after commissions

Holding losers too long — losers stay open 3.2× longer than winners on average

Expectancy: $1/trade (avg win $73, avg loss $-85)

R:R 0.86 — breakeven at 54% WR, you have 55% (thin margin)

Unassigned

1 trades

Need more data

Net P&L

$0

90d P&L

$0

Win rate

0.0%

PF

0.00

Avg hold

0h

Avg win $0Avg loss $0Commission $0W/L 0/0

Too few trades to draw conclusions (need 5+)

39 -- Calendar / Diagonal

7 trades

Marginal

Net P&L

$-57

90d P&L

$-72

Win rate

42.9%

PF

0.64

Avg hold

20.8d

Avg win $35Avg loss $-54Commission $13W/L 3/3

Holding losers too long — losers stay open 86.8× longer than winners on average

Expectancy: $-8/trade (avg win $35, avg loss $-40)

R:R 0.86 — breakeven at 54% WR, you have 43% (thin margin)

Stop / Review

Net negative or degrading. Pause and review what's wrong.

31 -- Call debit spread

242 trades

Degrading

Net P&L

$3838

90d P&L

$-127

Win rate

77.3%

PF

1.50

Avg hold

12.1d

Avg win $62Avg loss $-141Commission $0W/L 187/55

Holding losers too long — losers stay open 3.9× longer than winners on average

Expectancy: $16/trade (avg win $62, avg loss $-141)

R:R 0.44 — breakeven at 69% WR, you have 77% (thin margin)

Marginal profit factor 1.50 — thin edge, size carefully and mind commissions

42 -- Synthetic: trade

96 trades

Degrading

Net P&L

$333

90d P&L

$-78

Win rate

74.0%

PF

1.04

Avg hold

11.9d

Avg win $122Avg loss $-346Commission $102W/L 71/24

Marginal edge — barely above breakeven after commissions

High win rate but poor payout ratio — winners are too small relative to losers; try letting profitable trades run longer

Holding losers too long — losers stay open 2.6× longer than winners on average

High commission drag — fees consume ~31% of average trade P&L; consider wider spreads or fewer contracts

51 -- Hedge

14 trades

Net negative

Net P&L

$-154

90d P&L

$0

Win rate

57.1%

PF

0.65

Avg hold

2.3d

Avg win $35Avg loss $-72Commission $0W/L 8/6

Net losing strategy — consider reducing size or reviewing entry rules

Closing winners too early — winners close faster than losers; consider using trailing stops to capture more upside

Expectancy: $-11/trade (avg win $35, avg loss $-72)

R:R 0.48 — breakeven at 67% WR, you have 57% (thin margin)

34 -- Long calls

52 trades

Net negative

Net P&L

$-1823

90d P&L

$0

Win rate

59.6%

PF

0.42

Avg hold

10.8d

Avg win $42Avg loss $-149Commission $0W/L 31/21

Net losing strategy — consider reducing size or reviewing entry rules

Expectancy: $-35/trade (avg win $42, avg loss $-149)

R:R 0.28 — breakeven at 78% WR, you have 60% (thin margin)

Negative profit factor 0.42 — total losses outpace wins, reassess entry criteria

35 -- LEAPS

78 trades

Net negative

Net P&L

$-2576

90d P&L

$-204

Win rate

80.8%

PF

0.65

Avg hold

15.4d

Avg win $75Avg loss $-522Commission $1W/L 63/14

Net losing strategy — consider reducing size or reviewing entry rules

High win rate but poor payout ratio — winners are too small relative to losers; try letting profitable trades run longer

Holding losers too long — losers stay open 8.9× longer than winners on average

Expectancy: $-33/trade (avg win $75, avg loss $-488)

32 -- Put debit spread

107 trades

Net negative

Net P&L

$-2867

90d P&L

$386

Win rate

61.7%

PF

0.59

Avg hold

14.1d

Avg win $63Avg loss $-175Commission $0W/L 66/40

Net losing strategy — consider reducing size or reviewing entry rules

Holding losers too long — losers stay open 4.2× longer than winners on average

Expectancy: $-27/trade (avg win $63, avg loss $-171)

R:R 0.37 — breakeven at 73% WR, you have 62% (thin margin)

36 -- Call credit

95 trades

Net negative

Net P&L

$-5768

90d P&L

$1199

Win rate

61.1%

PF

0.44

Avg hold

8.1d

Avg win $78Avg loss $-278Commission $3W/L 58/37

Net losing strategy — consider reducing size or reviewing entry rules

Holding losers too long — losers stay open 2.2× longer than winners on average

Expectancy: $-61/trade (avg win $78, avg loss $-278)

R:R 0.28 — breakeven at 78% WR, you have 61% (thin margin)