Three findings, and how to read them
The first three fixes from the made-up trader above. Every finding on a report has the same four parts, including what it cannot tell you.
1. Names you keep losing on: INFY, IDEA, SBIN and 2 more
- What you see
- INFY (59 trades, -₹44,563, won 39 %); IDEA (11 trades, -₹25,272, won 9 %); SBIN (68 trades, -₹19,584, won 38 %); YESBANK (7 trades, -₹12,689, won 14 %); SUZLON (7 trades, -₹10,937, won 0 %). Together these 5 names cost ₹1,13,046.
- Why it matters
- It cost ₹1,13,046 on this book, which ended at -₹7,761 after charges.
- What is uncertain
- A name you trade often can land here by chance, and its trades may be different setups. The trade count is beside each name; under about 20, read it as a hint.
- What to check next
- This is what these names did in your hands, not a view on the stocks. Look at your losing trades on them side by side -- entry time, hold, size, the setup you used -- and ask whether you traded them differently from the names that worked for you.
2. Costs take 108 % of what you make
- What you see
- Each trade makes +0.023 % before costs and pays 0.106 % in charges and slippage. If your real fills are a little worse than modelled -- twice the costs -- the average block makes +0.006 %.
- Why it matters
- It cost ₹1,02,935 on this book, which ended at -₹7,761 after charges.
- What is uncertain
- Charges are modelled from published rates and an assumed slippage. Your contract notes are the real number.
- What to check next
- A trade should make at least two to three times its cost. Check the brokerage you entered, and if your fills are worse than the default slippage, believe the doubled-costs line. The fix is more profit per trade, not more trades: every extra trade pays the same charges.
3. Your overnight trades lose; your same-day trades make money
- What you see
- Overnight: 56 trades, -₹1,01,743, won 23 %. Same-day: 378 trades, +₹93,982, won 52 %.
- Why it matters
- It cost ₹1,01,743 on this book, which ended at -₹7,761 after charges.
- What is uncertain
- The two groups can differ in more than the hold: the names, the size, the setup. The hold may not be the cause.
- What to check next
- These are two different businesses. Audit the overnight trades as their own file; if they lose on their own too, the book is better without them.
Four ways a P&L lies to you
Most strategies that look good on a chart fail one of these. Each is a number on your report, in plain words, with what to do next.
Costs
STT, exchange charges, stamp duty, GST, brokerage and slippage, on every trade's own turnover at today's rates.
Luck
Ten trades on one good day count as one good day, so a big trade count can't flatter you. Overlapping swing trades are grouped the same way.
The market
If you were long while NIFTY rallied, you made money for being long, not for your strategy. We take NIFTY's move out of every trade.
Old news
Edges decay. The last 12 months are judged on their own, your most recent trades are held out as an untouched test, and every year is shown.
Three steps, about a minute
Export your trades
Your broker's tradebook (Zerodha: Console → Reports → Tradebook), TradingView's “List of trades”, or our simple template.
Upload it
We detect the format, match buys to sells and price every trade with Indian costs. Or connect your broker and we pull the trades.
Read your verdict
One page: are you making money and is it skill or luck, the fixes worth the most, where the money went, each strategy on its own. Save it as a PDF.
One report, every number explained
- A plain verdictMaking money or not, skill or luck, in one sentence with the reason.
- Fix these firstWhat cost you the most, in rupees: names you keep losing on, re-entries after a loss, long and short on one name in a day, big-loss days.
- Your trading score0 to 100 over six criteria, every lost point named with its reason.
- Where your money wentMade, estimated charges, kept; month by month; the deepest fall.
- Each strategy on its ownName your strategies in the report and each gets its own verdict; a mixed tradebook is split by trade type.
- Options as positionsStrangles, condors and spreads read as positions, returns on the margin behind them.
- Try a changeSkip the trades a finding named, cap your size, stop the day at a loss limit: the book is recomputed, then checked against hindsight and luck. Full audit.
- Your rules, checkedDaily loss limit, trades a day, no re-entry after a loss, size cap, window: which trades broke them, what it cost, your 30-day run. Full audit.
- This month vs last monthDid the leaks the last report named actually stop, and did you keep your rules? Upload next month's trades with your rules file and the re-audit answers it, leak by leak.
- Connect your brokerDhan and Upstox pull your history; up to five accounts audited as one book.
Anyone about to trust a strategy with money
Systematic and algo traders
Check your live tradebook against what the backtest promised, or a backtest's trade list before you go live.
TradingView strategy builders
Strategy Tester ignores Indian taxes and the market's drift. Export the list of trades and see what is left.
Before you buy a strategy or a course
Ask the seller for the trade list behind the P&L screenshot and audit it yourself.
Run it free. Decide after you have read it.
- Broker tradebook, TradingView and CSV
- Real Indian costs on every trade
- Print or save your report
The full audit adds every table and every finding, and lets you act on them — the three things below. It is unlocked from inside the free report for ₹599 per report, no tax added, PDF included — so you pay only after you have read what the free one found.
- Try a change. Skip the trades a finding named, cap your size, stop the day at a loss limit, trade only in a window — and the whole book is recomputed trade by trade. With hindsight any change looks good, so two checks sit beside the result: did it also work on the trades it was not picked from, and would skipping that many trades at random have done as well?
- Your rules. The rules you already tell yourself — a daily loss limit, trades a day, no re-entry after a loss, a size cap, a trading window — checked against every trade: which broke them, what that cost, your last 30 days against the 30 before. Download them with the report; upload them with next month's trades and it says whether you kept them.
- How you compare. Your charges, trades won and habits against other traders who chose to share their numbers, anonymously. It fills in as audits come in (not yet available: it opens at 20 consenting audits, 0 so far).
See both on the same made-up trader: the free report · the full audit.
Before you upload
Do you keep my trades?
Not for a free report: the file is read in memory, audited, and dropped when the report is sent back. A full audit you pay for is kept in My reports, encrypted, so you can come back to it and its tools: its trades are stored until you delete them or 12 months pass. Feedback you choose to send at the end of a report is saved too.
Why not just paste my tradebook into ChatGPT or Claude?
You can, and it is worth comparing. In one small test we gave the sample tradebook on this site to a chat assistant twice: the same file, the same question, two fresh chats. One answer said the trader lost ₹19,000 after costs, the other ₹58,000, and each named a different strategy as the biggest leak. That is two runs on one file, not a verdict on every assistant, and a good prompt or a later model may do better. What this report offers is a fixed method, so the same file and settings give the same numbers every time: the statutory rates on every trade's own turnover, one result per trading day so ten trades on one lucky day do not look like ten pieces of evidence, and NIFTY's move taken out so a long book in a rising market does not look like skill. It prints every number it used and lists what it could not check. On that file it says the trader lost ₹7,761 after costs. If a chat answer matches ours, you have lost nothing. Here, your file is read in memory and dropped, and nothing you upload is used to train a model; a full audit you pay for keeps its trades in My reports.
Is this investment advice?
No. The report describes the statistics of past trades you supplied. It does not tell you to buy, sell or run any strategy.
Which costs do you charge?
Three cases, and the report says which applies. If your file carries the charges from your contract notes (a Dhan trade history does), those are used as actual charges. Otherwise charges are estimated: each trade's own turnover at today's statutory rates (STT, exchange transaction charges, SEBI fees, stamp duty, GST) plus the brokerage you set (default ₹20 per order), with no slippage added for real broker fills. A file without quantities gets assumed charges on an assumed ticket size.
How do you tell skill from luck?
By how steady the gains are against the swings, counted one result per trading day so a busy day cannot flatter you. The report grades it in words: strong, moderate, weak, or too little data to judge. The numbers behind it are in a folded section for anyone who wants them.
What can't it check?
Whether your rules peeked at future data, whether you picked this version after trying fifty others, and whether limit orders would really have filled. The report lists these every time so you can check them yourself.
Can I audit a backtest instead of real trades?
Yes. Export its trade list (TradingView's list of trades, or your own CSV) and upload it. The checks are the same; the verdict says how much of the backtest is evidence and how much is luck, costs or the market.
Which segments work?
Cash intraday, cash delivery, stock and index futures, options and MCX commodity futures. Option legs open together on the same underlying and expiry are grouped into positions and their return is on a margin base. MCX trades are never compared with NIFTY.
What is free and what is paid?
The free report is the overview: the verdict, the headline numbers, the first fixes, where the money went, and what was not checked. The full audit adds every table and all findings, and lets you act on them: try a change and see what the book would have made, checked against hindsight and luck; check your own rules against every trade; compare yourself with other traders who shared their numbers. The full audit is ₹599 per report or ₹1,499 for 3 used within 100 days, paid from inside the free report, so you pay only after you have read what it found.