Profit Per Day / Daily P&L
Average daily profit or loss, measuring consistency and sustainability of returns.
Formula
More Details
What is Profit Per Day?
Profit Per Day measures your average daily return. It's a simple but powerful metric for understanding the sustainability of your trading.
Calculation
Profit Per Day = Total P&L / Trading Days
Why Daily P&L Matters
Monthly P&L can hide problems:
- +$5,000/month sounds great
- But if it's: +$8,000 in week 1, then -$3,000 over 3 weeks...
- That's unsustainable!
Daily analysis reveals:
- Consistency
- Volatility of returns
- Best/worst days
- Day-of-week patterns
Daily P&L Distribution
Healthy pattern:
- Most days small profits or small losses
- Occasional larger wins
- Rare large losses
Warning pattern:
- Many small profits, few huge losses
- "Picking up pennies in front of steamroller"
Day of Week Analysis
Many traders find patterns:
- Monday: Gaps from weekend news
- Tuesday-Thursday: Cleanest action
- Friday: Position squaring
TradesViz Daily Features
- Calendar heatmap of daily P&L
- Daily distribution charts
- Day-of-week breakdown
- Best/worst day analysis
- Daily consistency score
Where to find it in TradesViz
Example
12,000 profit over 60 trading days equals 200 per day average