# Monthly Trading Performance Audit Guide

> A monthly audit helps you find patterns that are invisible in weekly data. Learn how to run a monthly performance review.

**Tags:** monthly-review, audit, performance-analysis, metrics
**URL:** https://traderjournal.app/trade-reviews/monthly-trading-performance-audit-guide

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# Monthly Trading Performance Audit Guide

A week is too short to evaluate a trading strategy due to market variance. A month, however, provides a larger sample size of trades (typically 20 to 50 for day traders) that reveals trends and patterns.

A monthly performance audit is how you find your actual edge and identify areas for improvement.

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## Metrics to Audit Every Month

During your monthly review, analyze these specific metrics:

- **Performance by Symbol:** Which currency pairs or assets made the most money? Which pairs lost the most?
- **Performance by Time/Session:** Are you profitable in the London session but losing money in New York?
- **Hold Time Analysis:** Are you cutting winners too early? Compare your average hold time for wins vs. losses.

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## Auditing the Cost of Mistakes

Calculate the total dollar amount lost due to discipline errors. If your net P&L was negative 500 dollars, but you lost 800 dollars on trades tagged "revenge-trade", you would have been profitable if you had followed your rules.

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## Adjusting Your Strategy

Use these insights to adjust your trading plan for the next month. If a specific pair is consistently losing money, remove it. If you perform poorly on Fridays, stop trading on Fridays.

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Trader Journal for MT4 and MT5 provides advanced analytics and custom filters to make your monthly performance audits fast and effective.

Download it today at android.traderjournal.app or ios.traderjournal.app.