Export Reports (Desktop)

Clicking on  located on the upper left corner of the Positions and Gains tabs allows you to export that information as a .csv file.

The Journal  give you the ability to export reports in a PDF file on your desktop platform.  But that’s just the beginning.

You can export from the Transaction or Reconciliation view filtered by Account, Symbol, Tags, Notes and/or Date Range.

Life of Trade View also allows you to filter by Order Status in addition to the above criteria for even more focused report.   Only want to print Closed Trades?  Want to see how many trades are Unmatched?  Select those filters.

The top of your Journal report displays the Tag Summary based upon the account(s) and filtering criteria selected.

The trade detail report displays the status, Open, Close, Expire  with a color code of the trade:  Blue=Open,  Green=Profit,  Red=Loss,  Yellow=Unmatched.


Evaluate Existing Positions

Positions will automatically show on the options chain for the active brokerage account.

You can also access directly from Broker Positions.  Select “Analyze” from the Action menu. 

This will display the current values as well as entry cost and current P/L.

Here you can also close the position or evaluate adjustments on the trade.


Order Types - How to Enter

Market Order are Buy or Sell orders to be executed immediately at current the Market Price.  Execution of the trade is more important than price.   As long as there is a willing buyer or seller, the trade will be executed.

Limit Orders (including Net Debit and Net Credit) allow you to set the Maximum Price to Buy or Minimum Price to Sell a security .  Because these orders have ‘limits’ they may not be executed.  When they are, they will be executed at the Limit Price – or better.
Low Volume, a slow or very fast market may mean your Limit Price may not be reached and thus, your order not executed.

Stop & Stop Limit Orders

These are protective orders, to be placed on a current position.

A Stop Order becomes a Market Order when the Stop Price is reached.   This does not mean you will get the Stop Price when the Order executes.  You are willing to Buy/Sell at any price once your Price is reached to have the Order execute. 

A Stop Limit Order generally offers more protection:   Once the Stop Price is reached, the order converts to a Limit Order to execute once that price – or better- is reached.   Thus, there are two values to enter on the Order Ticket for Stop Limit Orders.

How to enter a Stop Order/Stop Limit Order:

On the Positions tab, click “Close” for the Stock/ETF entry you want to add a Stop/Stop Limit Order to.  You’ll be navigated to the Order Ticket tab to continue. 

On the right side of the Order Ticket (Exit Order):

1.  Change Exit Condition from default “Limit” to “Stop” or “Stop Limit
2.  Enter Stop Price.  For Stop Limit Orders,  the Stop Price will be the higher of the two values.
Enter Limit Price, if applicable.
3.  Change Duration from Day (default) to GTC (which may vary by brokerage)
4.  Review & Submit

Notes:  As long as it’s not a Day order, the Stop/Stop Limit order will remain Live until you cancel the order or it executes*.   (Some brokerages have expiration dates on such orders)

Trailing % and Trailing $

As the names suggest, these orders follow trades upward by a set $ or %.  They are placed on a current position.    Click “Close” from the Positions Tab, then follow the steps below:

1.  Change Exit Condition to “Trailing % (or $)
2.  Enter price or percentage to exit trade
3.  Select Duration (Day/GTC)
4.  Review, then Submit

This will be a Live Order until it Executes, Expires or is Cancelled.


Positions Tab

The Positions Tab offers 4 table views of your current trades.   You can access these by clicking on the drop-down box in the upper right of the screen.  “All” combines the 4 views.  

Total Gains
This table view displays the Overall $ and % Gain/Loss and the Daily $ and % Gain/Loss based on the previous trading day’s results.

Share Performance
This table breaks down Total Gains by showing Entry Cost compared to Current Value per Share.

Total Performance
Similar to Share Performance, but shows Total Entry Cost and Total Current Value.

Greeks


Trade Management

This platform makes it easy to manage and adjust trades when needed. The Snapshot feature and the P/L graph enables you to visually assess adjustments.

Once the existing trade is showing on the options page, take a ‘snapshot’.  Enter the adjustment, then take another ‘snapshot’.

To submit the adjustment to the Order Ticket of your brokerage account, click “Trade”. The smart ticket system will even handle the trade adjustment automatically by entering the appropriate buy/sell, open/close combination.  


Position Download Ability

Downloading/exporting capability added to the Positions tab.

 This feature is also available in the “Gains” tab.

 This allows even greater flexibility with record-keeping from the Journal/Brokerage Account.      


I own the stock, how to I enter a Covered Call trade?

When you already own the stock, but want to enter a Covered Call position, follow the following steps:

1. From the Positions Tab, click “Close” 


2.  Add Call Leg (you’ll adjust this later) & Delete Sell Stock entry line:


3. Change Action to Sell CC.   Make any other adjustments to this Order Ticket, click “Review” to check for accuracy, then “Submit“.

4.  After the Order executes, it will show up in the Positions Tab as follows:


Account Differences Explained

When you set up your Live Account with TD Ameritrade, Choice Trade or other Brokerage you may notice account value differences on the Positions summary tab.

The Trade Tool Positions Account Values are tied to the Bid price (if you own a stock or option) and Ask price (if you are short a stock or option).   Were you to close the position, you would receive the corresponding price – or better, since you are able to try to get a better price than Bid/Ask.  This method ensures you will get at least the listed value – or better.

Choice Trade Accounts can be set up to have the price shown in the Positions Summary tied to the Bid/Ask or the default,  “Last Trade Price“.    Last Trade Price differs from Bid/Ask in that it shows the  most recent transaction price, but does not always reflect the price you will receive if you were to buy or sell the security.

TD Ameritrade ties trade  values to Mark – the point between Bid and Ask.   Some trades will be closed at this price, but not all.  Mark does not take into account if you own or are short a position, it is simply the halfway point between the two.