Segment Trading Performance by Day, Session and Setup

Day Performance splits your closed trades by day of the week. Each segment (e.g. Monday, Tuesday, Wednesday, Thursday, Friday, and Weekend for Saturday and Sunday combined) shows trade count, Avg Result R, Avg Execution and Excellent Rate. The "winner" is the segment with the highest Avg R (among those with trades). Many traders find that one or two days consistently underperform; that can be due to schedule, fatigue or market rhythm. Seeing it in data helps you either avoid trading on weak days or improve the process on those days instead of guessing.

Day Performance uses the trade entry time. So you need to record when you actually entered each trade, not only the date you closed it. A trading journal that stores entry time makes this segmentation possible.

Session Performance segments trades by the time of day (UTC): Asia, Asia-London overlap, London, London-New York overlap, New York, and Late NY. Each bucket corresponds to when the trade was opened. Markets behave differently in each session; so do traders. You might execute better during London or New York and worse during low-liquidity hours. Session Performance shows which session delivers the best Avg R and execution so you can focus your effort and risk when you have an edge.

As with Day Performance, entry time is required. If your journal records entry time for every closed trade, you get Session (and Day) insights automatically. If not, those segments stay empty until you start recording it.

Setup Performance segments trades by setup type: the strategy pattern you assign to each trade (e.g. Breakout, Pullback, Reversal, or any label you use). It answers: which setups actually make money and which only feel good? You might trade ten "breakouts" and five "pullbacks"; Setup Performance shows Avg R, execution and excellent rate per setup. The segment with the highest Avg R (among those with enough trades) is the "winner." Over time you see which patterns are worth keeping and which to drop or refine.

Setup type is something you choose when you log or edit the trade. There is no automatic detection; you tag each trade with the setup that best describes it. Consistency in naming (e.g. always "Breakout" not sometimes "Breakout" and sometimes "Breakouts") keeps the segments clean and comparable.

First, record the data. For Day and Session: store entry time (and exit time if you want duration analysis later) for every trade. For Setup: assign a setup type to each trade when you close it or when you review it. Then let the segments accumulate. With a few dozen closed trades you start to see which day, session and setup win. Use that to adjust: trade more when you have an edge, less when you do not, and double down on setups that actually deliver.

Do not confuse "winner" with "only trade that." The winner is the segment with the best Avg R among segments that have trades. You might still have positive expectancy in other segments. The goal is to see structure, not to restrict yourself to a single day or setup. Combine Day, Session and Setup with execution and discipline analysis so you know whether a weak segment is a timing problem or an execution problem.

In the EOU journal, Strategy Insights (or equivalent section) shows Day Performance, Session Performance and Setup Performance in one place. Each card displays segments with trade count, Avg R, Execution and Excellent Rate, and highlights a "Winner" where one segment leads. Day uses weekday from entry time (Monday through Friday plus Weekend). Session uses UTC hour buckets (Asia, London, New York and overlaps). Setup uses the setup type you assign in the trade row. Recording entry time and setup type when you save or edit trades fills these segments so you can review them regularly alongside performance insights like Side, Market, Risk and Discipline.

Segmenting by day, session and setup turns vague "I trade better in the morning" or "breakouts work" into numbers. You see which days, which sessions and which setups actually produce the best results. That makes it easier to focus your time and risk where your edge is and to improve or drop what does not work.