Looking at your account balance is not the same as analyzing your trading. If your account gained $3,000 this month, that is useful information but it does not tell you why. Was one trade responsible for the entire month? Are you consistently profitable in the morning but giving it back later?
Start with the fundamentals
At minimum review net P&L, number of trades, win rate, average winner, average loser, profit factor, expectancy, maximum drawdown, average holding time, and largest winner and loser. No single metric tells the entire story.
Analyze performance by time
Break your trades down by hour of day, day of week, week, and month. You might discover that 9 to 10 AM generates +$2,140 while 12 to 2 PM loses -$1,430. Your overall results could be hiding a very obvious behavioral pattern.
Analyze by setup
Compare your strategies separately. Breakout trades might show 58% win rate with +$4,250 net while reversal trades show 41% win rate with -$1,830. That is actionable information worth investigating.
Analyze by market
Your execution may work much better in certain markets. Compare NQ vs ES, EUR/USD vs XAU/USD, or large-cap vs small-cap trades. You may discover your strategy is not universally profitable.
Look for outliers
Remove your biggest winner temporarily. A strategy that made $10,000 but generated $8,000 from one exceptional trade is different from one generating the same amount consistently. Neither is inherently invalid but you should understand what created the result.
Compare recent and historical performance
Compare your last 25, 50, 100, and all trades. This helps identify meaningful changes in your execution or strategy before they become expensive problems.
Turn analysis into a question
The purpose of analysis is to ask better questions: When am I most profitable? Which setups cost me money? Do I perform differently after a large loss? MyTraderScore is built to help you answer those questions from your actual trading data.