Profit factor measures the relationship between your gross profits and gross losses—dividing total winning trade dollars by total losing trade dollars. A profit factor above 1.0 means you're profitable overall, while values above 2.0 indicate strong performance consistency. Tracking profit factor in your trading journal reveals whether your edge is sustainable across different market conditions, position sizes, and time frames. Unlike simple win rates, profit factor accounts for the magnitude of your wins and losses, giving you a complete picture of your risk-reward execution over time.
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Mantis computes your profit factor automatically from every closed trade you log. Simply enter your entry price, exit price, and position size—the app calculates P&L and updates your profit factor in real time, eliminating spreadsheet errors and manual math.
Tag trades by setup type, market condition, or session, then filter your journal to see profit factor for each segment. Discover which strategies deliver the strongest ratio of gross wins to gross losses, and identify setups that may be dragging down your overall metric.
Review profit factor across weeks, months, or custom date ranges to spot deterioration or improvement in your edge. Mantis charts your performance trends so you can see whether changes in your routine, risk management, or market environment are affecting profitability.
All trade data and profit factor calculations stay on your iPhone—nothing syncs to the cloud. Your financial records remain completely private, with no external servers or third-party access, giving you full control over sensitive performance information.
Attach screenshots, voice memos, and written observations to every trade. When your profit factor dips, review your journal entries to understand whether execution errors, emotional decisions, or market anomalies contributed to larger-than-expected losses.
A profit factor above 1.0 indicates overall profitability, while many professional traders target 1.5 or higher. The 'good' threshold depends on your strategy, market, and risk tolerance—consistent tracking in your journal helps you benchmark your own performance and set realistic improvement goals.
Win rate counts the percentage of winning trades, but profit factor weighs the dollar magnitude of wins versus losses. You can have a 40% win rate yet maintain a profit factor above 2.0 if your average winner is much larger than your average loser, making profit factor a more complete profitability measure.
Yes—different setups often produce different risk-reward profiles. By tagging trades in your journal and filtering by strategy, you can identify which approaches deliver strong profit factors and which may need refinement or elimination from your playbook.
Weekly or monthly reviews provide enough data to spot trends without overreacting to short-term variance. Consistent review intervals help you detect shifts in execution quality, market conditions, or strategy effectiveness before they significantly erode your overall profitability.
Absolutely. A declining profit factor often signals that losses are growing relative to wins—prompting you to examine stop-loss discipline, position sizing, or early exit habits. Journaling each trade with detailed context lets you trace profit factor changes back to specific risk management decisions.
Important: Mantis is a trading journal and analytics tool. This page is not investment advice, not financial advice, and not a recommendation to buy or sell any security or instrument. Trading involves risk; past performance does not guarantee future results. Consult a qualified professional before making financial decisions.