Disclosure: Day trading is a high-risk investment strategy that requires thorough research and understanding of the associated risks. Please consider Webull's Day Trading Risk Disclosure.‌

We all know that risk management is essential in trading—especially day trading. Webull has added a new “Trading Assistant” feature to help users manage risks and make better trading decisions.

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What is Trading Assistant?

Trading Assistant is a tool for investors to monitor and manage their daily stock and options trading orders and trading strategies. Generally speaking, it helps traders in three ways:

1. It gives traders quick access to an overview of the day’s orders, including the win rate.
2. It allows traders to view their profits & losses.
3. Traders can customize alerts according to their own profit and loss parameters.

You can find Trading Assistant under Menu>Shortcuts>More>Trading. Update your Webull mobile app to the latest version to use this feature.

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Win Rate

Win rate is important in trading. Suppose you’re a day trader who makes 100 trades a day, if you have 60 winning trades and 40 losing trades, your win rate would be 60%. A win rate above 50% means you’ve had more profitable trades for the day than non-profitable trades.

Trading Assistant calculates win rates for you, so you do not need to manually record and track each trade. The total win rate shows how many times you successfully closed a profitable position relative to the total of all your stock and options trades.

Under the stock and options symbol win rate, you see the win rate for each corresponding symbol you trade. This way, you can see your wins across each symbol traded.

Keep in mind that the Trading Assistant win rate does not factor in profits and losses on your trades. Even with a high win%, you may not be profitable. Be sure to research and assess all risks before entering into a trade as you can potentially lose most or all of your initial investment.

Disclaimer: All companies or symbols provided are for educational and informational purposes only and does not constitute an investment recommendation or advice.

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Profit & Loss

P&L is the top concern of every trader. Trading Assistant organizes all your orders by P&L.

You can see if you’re making a profit or loss for the day by looking at P&L. The Gainers and Losers drop downs can give more details.

Combined with the win rate results, you may find the symbols on which you have the highest win rates.

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Disclaimer: All companies or symbols provided are for educational and informational purposes only and does not constitute an investment recommendation or advice.

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P&L Alerts

A day trader often opens and closes a position within minutes, which demands quick and rational decision-making. Thus, it’s important for day traders to set up a strategy and stick to it.

This strategy could include setting up rules for risks, profits, and the size of each order. Trading Assistant is built to help traders implement these rules.

Suppose you decide not to risk more than 10% of your capital per day. You can set a total P&L alert and receive a pop-up alert when this loss limit is met. You can also change the profit/loss percentage to a specific amount or set an alert on the size of each order.

The Bottom Line

Trading Assistant provides traders with quick access to their win rate and P&L during the trading day. Traders can also use it to customize different types of alerts to implement their day trading strategies. Is it helpful for day trading? Tell us in the comments!