Tradelizer is a tool designed for traders to log, track, and analyze their trades. This software allows users to record essential trade details such as entry and exit points, trade size, and their psychology when the trade is open. It enables tracking of profits and losses, while also calculating key metrics like win rate, risk/reward ratio, and overall performance.
Key features often include:
Trade Log: Record every trade, including dates, tickers, buy/sell prices, position size, and notes.
Risk/Reward Tracking: Input your planned risk/reward ratio and compare it with actual outcomes.
Profit & Loss (P&L) Tracking: Automatically calculate profits, losses, and net gains.
Performance Metrics: Track detailed statistics such as total return, win rate, average profit/loss, and maximum drawdown.
Trade Analytics: Visualize trading patterns, trends, and improvements over time through charts and reports.
Risk Management Tools: Help ensure trades align with your predefined risk parameters (e.g., stop-loss, take-profit).