Suggestion Request to Add Alpha Tracking in the Trade Journal


Hi Team,

First of all, I would like to sincerely appreciate the excellent work your team is doing on the Trade Journal.

I believe the journal has the potential to become a very valuable tool for helping traders analyze their performance, learn from mistakes, and improve their decision-making. The continuous improvements and new features clearly show the team's commitment to creating a better experience for its members.

I have a small suggestion that I believe could add even more value to the journal.
Would it be possible to add an "Alpha" metric to the journal?
In very simple terms:
Alpha tells us whether we are performing better or worse than the market.
For example:
If my portfolio grows by 20% in a year
And Nifty grows by 12% in the same year
Then:
Alpha = 20% - 12% = +8%
This means I outperformed the market by 8%.
Similarly:
If my portfolio grows by 10%
And Nifty grows by 15%
Then:
Alpha = 10% - 15% = -5%
This means I underperformed the market by 5%.
Why I think this could be useful:
It helps members understand whether their trading system is actually beating the market.
It prevents false confidence during bull markets when almost every stock is rising.
It gives a clear benchmark to measure long-term performance.
It can motivate members to focus on improving their process rather than only looking at profits and losses.
Possible Formula:
Alpha = Portfolio Return (%) – Benchmark Return (%)
Benchmark can be Nifty 50, Nifty 500 , or any benchmark that the team considers appropriate.
I think this would be a simple but powerful addition to the journal and would help members evaluate their performance more objectively.
Thank you for considering this suggestion.
Regards, Harshal Bare😊

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Upvoters
Status

In Review

Board
πŸ’‘

Feature Request

Date

9 days ago

Author

Harshal Bare

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