Zerodha,
what are those colors(heat map) in TradeBook (new backoffice) ....what information one can infer from that ? please explain.
For a delivery based trade, it make very easy to figure out days on which you have traded over the last year.
But the real use is for active traders.
The light green to dark green indicating days on which you traded the least to those on which you traded the most. One of the problems with retail is that no one really maintains a trading journal, a look into past trading behavior can really help to improve the odds of winning in the future.
So our next release on Q within the next few weeks will be where we will be able to plot profitability of a trader on this heat map. So basically a visualization that will let you know how you performed vis a vis the number of trades you took during the day. Using this data, we will be able to give you the best odds of winning based on how many trades you did during the day and most importantly all inferred using your own trading history.
This is just one thing, we will be giving your odds of winning based on your trade size, direction of trade (long/short), time of day/month/year, and a lot more...
I guess everyone reading knows, only low cost is not good enough to help stay profitable, so we want to introduce all of you to Sabermetrics approach to trading and do whatever possible to be able to create a community of winners..
I just can't stop selling, so excuse me if I am going overboard..
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