In this article, we will discuss
Profitability is the primary goal of trading. And the Samco trading app offers several hidden insights (#AndekhaSach) on the performance and profits of your trades.
With profit level insights only from the Samco app, you get valuable information about just how profitable your trades are. These unique analytical observations provide an idea of how your trades have performed relative to a benchmark index, and also help identify potential factors that might be affecting your profitability.
2 types of profit level insights you get with the Samco trading app
The robust analytics engine in the Samco trading app gives you detailed information on the profitability of your trades. Additionally, the #AndekhaSach function of the app gives context to the profits or losses that your trades generate.
Here are the two types of profit level insights offered by the app.
- P&L in benchmark index
The P&L in benchmark index feature in the Samco trading app lets you know the amount of profit or loss that you would have generated — if you had invested your capital in your benchmark index instead of using it for the trade you made.
The potential returns from the benchmark index are calculated by multiplying the percentage return of the index by the amount invested in a trade.
If the actual returns are higher than the potential returns from the benchmark index, the trade is marked as ‘outperforming’. On the other hand, if the actual returns are lower than the potential returns from the benchmark index, the trade is marked as ‘underperforming’. Through this comparison, this hidden insight gives you more context about the profitability of your trades.
- Maximum potential profits or losses
The maximum potential profits feature in the Samco trading app is an indicator that lets you know the maximum possible profit for every trade you make. The indicator takes into account the best-case scenario and highlights the maximum profit that you could have made — if you had squared off your position at the perfect time.
Meanwhile, the maximum potential losses indicator lets you know the maximum possible loss for every single trade you enter into. This indicator takes into account the worst-case scenario for each trade and highlights the maximum loss that your trade could have experienced. You can use this indicator to determine the level of risk associated with any trade.
The profit level insights provided by the Samco trading app give you valuable information on the profitability of your trades. By comparing the actual profits from your trade with the best-case scenario or a benchmark index, these insights help you evaluate the performance of your trade and identify areas for improvement, if any.
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