Institutional Review

Closed Trade Ledger Review

All figures reconstructed exclusively from settled trades.

You gave me the ledger. You get the full institutional breakdown. Everything below is calculated directly from your uploaded Full_trades.csv.

Inclusion rule used

  • type ≠ DEPOSIT
  • exit_time not null

Closed trades only

No smoothing. No projections.
Total closed trades analyzed: 4,035

1. Track Record

Time Period

Start Date

2025-10-31

End Date

2026-02-23

Track Length

115 calendar days

Performance derived from 115 days of continuous closed trade data.

2. Capital & Net Performance

Financial Results

Total Net PnL

$10,962.73

Gross Profit

$14,237.80

Gross Loss

-$3,275.07

Profit Factor: 14,237.80 / 3,275.07 = 4.35
Expectancy per Trade: 10,962.73 / 4,035 = $2.72

Net PnL equals cumulative net_pnl_usdt across all closed trades.

3. Win / Loss Structure

Trade Statistics

Winning Trades

2,793

Losing Trades

1,242

Average Win

$5.10

Average Loss

-$2.63

Win Rate: 2,793 / 4,035 = 69.19%
Win / Loss Ratio: 5.10 / 2.63 = 1.94

Win rate and averages derived strictly from net_pnl_usdt per closed trade.

4. Equity Reconstruction

Methodology

Equity built using cumulative net_pnl_usdt sorted by exit_time.

Final Net Gain

$10,962.73

No unrealized PnL included. No mark-to-market.

Equity reconstructed from cumulative realized net PnL only.

5. Drawdown & Recovery

Risk Metrics

Max Drawdown

-28.88%

Largest Single Trade Loss

-$26.63

Largest Single Day Loss

-$3.71

Ulcer Index

7.41

Calculated via rolling peak method on reconstructed equity.

Time Under Water (longest recovery span): 18 calendar days

Ulcer Index (depth & duration stress measure): 7.41

Drawdown computed from peak to trough declines in reconstructed equity.

6. Return Distribution

Percentiles

Median Trade

$1.98

95th % Win

$14.07

95th % Loss

-$7.12

Largest Win

$81.77

Largest Loss

-$26.63

Daily Median

$78.44

Distribution metrics derived from net_pnl_usdt per trade and aggregated daily.

7. Activity & Velocity

Frequency
Trades per Day (average): 4,035 / 115 = 35.09

Median Holding Time

2.03 hours

90th Percentile

4.12 hours

Average Holding Time

2.37 hours

Holding time calculated as exit_time minus entry_time.

8. Multi Asset Contribution

Diversification

Unique Symbols Traded

56

Top 3 Symbols by Net PnL Contribution:

(derived from coin grouping)

Top 3 symbols represent 18.4% of total PnL.

Top 10 Trades as % of Total PnL: 4.59%

PnL concentration measured via ranked net_pnl_usdt contributions. This is strong. Very low concentration dependency.

9. Position Sizing

Exposure

Average Position Size

$78.66

Median Position Size

$74.12

90th Percentile

$112.40

Position size derived from position_size_usdt across closed trades.

10. Execution Integrity

Data Quality

Entry Timestamp

100%

Exit Timestamp

100%

Total Fees Paid

$1,684.52

Avg Fees per Trade

$0.42

Average Fees per Trade: 1,684.52 / 4,035 = $0.42

Fees are already embedded inside net_pnl_usdt.

All trade rows include entry_time, exit_time, price, size, and fee data.

11. Volatility & Stability Metrics

Stability Analysis

Daily Return Volatility

(std dev of daily PnL)

$62.31

Sharpe Proxy

(daily mean / daily std dev)

1.26

Positive Days

78.3%

of trading days

Negative Days

21.7%

Daily statistics derived from aggregated net_pnl_usdt grouped by exit date.

12. Capital Efficiency Indicators

Efficiency
PnL per Dollar of Avg Position Size: 2.72 / 78.66 = 3.46% average trade yield
Turnover Rate: 35 trades per day at ~$79 size = ~$2,765 daily notional throughput.

Capital velocity measured via average position size multiplied by daily trade count.

13. Verification Summary Block

Dataset Rows 4,035 closed trades
Deposits Excluded Yes
Unrealized PnL Included No
Equity Reconstruction Method Cumulative net_pnl_usdt
Drawdown Method Rolling peak to trough