In this article, we will discuss
- What is the Trade Spreadsheet?
- Comparison between a regular trade book vs Samco’s Trade Spreadsheet
- Other differences between a regular trade book and Samco’s Trade Spreadsheet
- Conclusion
Every financial trading app has a trade book, which is a section dedicated to providing you with trade details for a specific period. Since the trade book contains the details of all your buy and sell trades in chronological order, it is often considered an important source of information for traders.However, apart from providing you with the details of your trades, the trade book offers no additional information. Here’s where the Samco trading app’s Trade Spreadsheet gives you a unique edge.
What is the Trade Spreadsheet?
The Trade Spreadsheet is a unique feature available under the ‘My Trade Story’ section of the Samco trading app. It is designed to give you detailed statistics and unseen insights (#AndekhaSach) into your trading pattern and performance. With the Trade Spreadsheet, you get in-depth trade-level insights, P&L analytics, and performance-level insights for every single trade you enter into.
Comparison between a regular trade book vs Samco’s Trade Spreadsheet
The Trade Spreadsheet is a highly advanced tool that provides additional statistics and unseen insights compared to a regular trade book. Here’s a table comparing the metrics offered by Samco’s Trade Spreadsheet and a normal trade book.Particulars | Samco’s Trade Spreadsheet | Regular trade book |
Chronological trade details | Available | Available |
Realised and unrealised profits and losses | Available | Available |
Segment-wise grouping of trades | Available | Available |
Underlying-wise grouping of trades | Available | Not available |
Contract-wise sorting of trades | Available | Not available |
Trade level performance metrics | Available | Not available |
Trade level categorisation | Available | Not available |
Market trend insights | Available | Not available |
Trade-wise key technical indicators | Available | Not available |
Maximum potential profits for each trade | Available | Not available |
Maximum potential losses for each trade | Available | Not available |
As you can see, a regular trade book only provides highlights to three major things, whereas the Trade Spreadsheet is a lot more detailed and offers a plethora of metrics and trade insights.
Other differences between a regular trade book and Samco’s Trade Spreadsheet
In addition to the ones mentioned above, there are a few other points of difference between a normal trade book and the Trade Spreadsheet. Here’s a closer look at the key dissimilarities.-
Round trade views
Regular trade books provide details of buy and sell trades separately. Furthermore, you cannot sort the trades according to a particular security.The Trade Spreadsheet, however, maps each buy trade with its corresponding sell trade. This way, you get a round-trade view for every security in chronological order. Round trade views make it easy to track and understand your trading pattern and identify areas that need improvement.
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Customisability
A regular trade book offers very little flexibility. Trade Spreadsheet from Samco, on the other hand, is highly flexible and customizable. You can quickly hide or display certain data columns based on your preference, filter the metrics, and choose the date range for which you need information.
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Downloadable information
Most trading apps don’t allow you to download the information contained in your trade book. Meanwhile, the Trade Spreadsheet lets you freely download all trade level and performance level insights and metrics in the form of an Excel spreadsheet. You can import the downloaded file onto your preferred spreadsheet application to analyze the information more thoroughly.
Conclusion
As you can see, there are several differences between a trade book and the Trade Spreadsheet feature in the Samco trading app. The Trade Spreadsheet is not only more advanced but also offers a lot more information and #AndekhaSach (unseen insights) into how you trade. Using these insights, you can discover profitable trading patterns and improve your trading performance.
Disclaimer: INVESTMENT IN SECURITIES MARKET ARE SUBJECT TO MARKET RISKS, READ ALL THE RELATED DOCUMENTS CAREFULLY BEFORE INVESTING. The asset classes and securities quoted in the film are exemplary and are not recommendatory. SAMCO Securities Limited (Formerly known as Samruddhi Stock Brokers Limited): BSE: 935 | NSE: 12135 | MSEI- 31600 | SEBI Reg. No.: INZ000002535 | AMFI Reg. No. 120121 | Depository Participant: CDSL: IN-DP-CDSL-443-2008 CIN No.: U67120MH2004PLC146183 | SAMCO Commodities Limited (Formerly known as Samruddhi Tradecom India Limited) | MCX- 55190 | SEBI Reg. No.: INZ000013932 Registered Address: Samco Securities Limited, 1004 - A, 10th Floor, Naman Midtown - A Wing, Senapati Bapat Marg, Prabhadevi, Mumbai - 400 013, Maharashtra, India. For any complaints Email - grievances@samco.in Research Analysts -SEBI Reg.No.-INHO0O0005847
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