Logging trades is very easy and in this article, you will learn to use it and take advantage of it. Once you access the Trade Journal, on the top right side above the log of trades is where you would actually input a trade. This is denoted by "Log Trade" and has a pencil icon beside it. Click this to create your first trade log.
Once clicked, you will see a pop-up asking if the trade was a stock or options trade.
By clicking on "Stock", the trade log will ask you for the stock ticker, the action (a buy or a sell), and the number of shares at first, this section will close automatically once you have filled in all the required information and click away. Then the next section will open asking for the price at the time of action and the date of the transaction. You can then click on the notes section if you would like to add any notes or simply click on create to save the trade.
Once a trade is loaded into the portfolio, it will show you several pieces of information such as:
Click anywhere on that trade log to open up more information.
In order to close a trade, you need to log the opposite of the trade you want to close. You can also close a trade by clicking on the 3 dots next to the trade and then clicking on "Close Position". By clicking on those 3 dots you also have the possibility to delete that position, add another trade to the position, and move that trade to another portfolio.
If the trade close is logged, our system’s logic will interpret that the position has been closed, and instead of showing two separate trades (one buy of the stock, one sell) it will simply show you the close of that initial trade.
If you add more entries to a specific stock without adding an exit first, our system will automatically group those entries to the same log.
If you place a buy log on a particular position, then you separately place a sell log for that trade but the date of the sell is before the buy, the platform will automatically set the trade as a short position.
In the screenshots below you will be able to see what information is required while logging an Options trade in the journal.