Another of the new reports introduced last week is the Tag Breakdown report. Here’s an example:
It shows you each of your tags, along with the number of trades using that tag and the total or average P&L for each of them.
If you’re using tags for the setups you’re trading, for example, then it’s easy to see very quickly which setups are working this week, and which ones aren’t. I’ve spoken to several folks who have sometimes been surprised; they thought a setup was working ok, but in reality it was responsible for the largest losses of the week/month/etc. When combined with the trade filter, this new report makes that information quickly available.
The tag report is available to all silver and gold subscribers.