Replacing P&L and display performance metrics

Money is by-product of process. This notion is applicable for active traders, esp. F&O ones as psychology can make or break the account during highly volatile period.

Displaying profit and loss (P&L) as the sole outcome on app/desktop screens fixates traders on the psychologically taxing aspect of money. Instead, apps should embed risk-adjusted performance metrics into their UI. This shifts focus to long-term progress towards improving the performance and helping traders compete not against the market, but to reveal their own decision-making processes and “follow-the-system” compliance via behavioral nudges.

To refocus traders on process over outcomes, following UI changes are requested (for example, not exhaustive):

1. Performance metrics: The % of gain or loss (made on total and/or deployed capital), average of points gained in past 21 days (month) versus points made by trader during current session, these can also be shown along side.

2. Hiding raw P&L and showing net points gained/lost could be transformative: Final P&L is dependent on, or a factor of position sizing, and not the points earned across the trade(s). Can display net points (across all trades) at the top of the app, replacing P&L. Break down itemized details by instrument category (e.g., Index Options CE, Index Options PE, Index Futures, Cash) on the position summary page.

3. Risk Parameters: Reflecting Value at Risk (% of total capital deployed in market), risk adjustment performance KPIs, Win-Loss %, Profit Factor, Expectancy Ratio. [Visible for account as collective, or classified for each type of instrument (Cash, Options, Futures) — Integration of these calculations into a trading journal for sustained improvement of trading community]

   Thank you in advance 🙂