Real-Time Insights for Informed Decisions 🧑🤝🧑📊💪
Welcome to the world of trader profiles on Tycoon! Here, you can delve into the detailed insights and performance metrics of individual traders to gain a comprehensive understanding of their strategies and track records. We believe that transparency is key to making informed investment decisions, and our trader profiles are designed to provide you with all the essential information you need. Let's explore the 5 key elements of a trader profile and how they can empower you on your trading journey.
GIF OF TRADERS PROFILE
- 1.Profile Overview
In the trader profile, you'll find the trader's username and relevant statistics that highlight their performance. Get a quick snapshot of their past performance, total trading volume, number of trades in the past 7 days, days tracked by Tycoon, and the number of followers they have on Binance.
Trades past 7 days Sum of all trades last seven days, include all changes to an existing position (exclude leverage update). Todays trades are excluded. Updated once a day. Total Trading Volume Sum of all Volumes per trade. Volume per trade = Size* average entry price Updated once a day.
Meaning of Tracked days on Tycoon Tracked days on Tycoon are a crucial metric when evaluating a trader's performance. Longer tracking periods provide a comprehensive history of trades and performance, allowing you to assess a trader's consistency and adaptability. By prioritizing traders with extended tracked days, you gain access to proven expertise and increase your potential for sustainable profitability. Choose traders with a substantial number of tracked days to optimize your trading experience and maximize returns.
- 2.Open Positions
Gain valuable insights into the trader's current open positions. You'll find details such as the trading pair, position size, entry price, mark price, open time, ROI, and PNL. This information allows you to assess the trader's risk appetite and the potential of their ongoing trades.
If the position has several entries, the Entry Price and Size will be calculated as follows:
Entry Price: This will be calculated as a volume-weighted average price (VWAP) for all the opening trades. The formula is: VWAP = (Σ (Price of Trade_i * Size of Trade_i)) / Σ (Size of Trade_i) (overall opening trades) Updated if a new entry is detected.
Size: sum of the sizes of all trades (both opening and closing) divided by 2 Updated if a new entry is detected. Mark Price, ROI, and PNL are updated every 20 seconds for followed trader and 60 seconds for an unfollowed trader.
- 3.Performance Chart
The performance chart is a powerful tool available on the trader's profile. It provides a visual representation of the trader's performance over time, allowing you to track their progress and evaluate their trading strategies. The performance chart displays either the daily all-time PNL (Profit and Loss) or the daily all-time ROI (Return on Investment). It gives you a clear picture of how the trader's performance has evolved over time. This helps you identify traders who consistently deliver strong results and align with your trading objectives.
By analyzing the performance chart, you can gain valuable insights into the trader's consistency, volatility, and overall performance trends. You can identify periods of high profitability, assess the trader's ability to manage risk, and determine the suitability of their trading style for your own investment goals.
- 4.Advanced Statistics
Dig deeper into the trader's historical performance through detailed statistics. Discover the total number of trades executed, the number of profitable days, the best single trade ROI, best single trade profit, average position size, average trade duration, win rate, and the biggest single trade loss. These statistics paint a comprehensive picture of the trader's performance over time and help you evaluate their trading strategies.
- Total Trades: The total number of trades made by the trader, since tracked on Tycoon.
- Profitable Days: The number of days in which the trader's daily ROI was greater than 1, since tracked on Tycoon.
- Highest ROI/Best Position: The highest ROI percentage achieved by the trader for a closed position and display the details of that position, since tracked on Tycoon.
- Highest PNL/Best Position: The highest Profit and Loss in dollars achieved by the trader for a closed position, since tracked on Tycoon.
- Trades per Day: Calculate the average number of trades made per day since the trader started being tracked. Counts the number of days with executed trades, count the number of executed trades and divide by number of days with executed trades.
- Win Ratio: Calculate the percentage of profitable trades by dividing the number of profitable trades by the total number of trades.
- Average Position Size/Position Amount: The average position size for closed position (sum of sizes divided by the number of positions) in dollars, for positions since tracked on Tycoon.
- Average Position Duration: The average duration of tracked closed positions (sum of positions durations divided by the number of positions) in days.
- Biggest Loss/Maximum Drawdown per Position: The highest loss (maximum drawdown) in dollars from any tracked seven closed positions.
Updated once a day.
- 3.Positions History: Explore the trader's past positions to gain insights into their trade history. You can access information such as the trading symbol, position size, entry price, close price, open time, close time, ROI, PNL, and the duration of each trade. This data enables you to analyze their past trades and identify patterns or trends that may inform your own trading decisions.
- Long/Short: Whether the position was long or short.
- Total Size Formula: This is the sum of the sizes of all trades (both opening and closing) divided by 2.
- Maximum Leverage Used Formula: last known leverage
- Average Open Price Formula: This will be calculated as a volume-weighted average price (VWAP) for all the opening trades. The formula is: VWAP = (Σ (Price of Trade_i * Size of Trade_i)) / Σ (Size of Trade_i) (overall opening trades)
- Average Close Price Formula: This will be calculated as a volume-weighted average price (VWAP) for all the closing trades. The formula is the same as for the opening trades but overall closing trades.
- Time of Trade This will consist of two parts: the time of the first (opening) trade and the time of the last (closing) trade.
- Duration in days Formula: days between opening and (last) closing trade
- Total PNL Formula: You need to sum all PNL values for each trade that was part of the position.
With the trader profile on Tycoon, you have the power to analyze and compare traders based on their performance metrics. This information empowers you to make more informed decisions and potentially replicate successful strategies.