4.4. Inside a Position

Clicking a row opens it, as we did with KTKBANK in section 2.2. There we read the tranche table column by column. In this section, we look at what else an opened position can show, and at two things you can set from the row itself.

Tranches, One Buy or Several

If you build a position in tranches, the opened row lists every one of them, newest at the top, with the columns we met in Chapter 2: date, broker, quantity, price, amount, Δ Size, % Capital, CMP vs Tranche and Tranche vs Avg.

If you bought a position in one go, the opened row shows a single line, T1. Its Δ Size is a dash, since nothing came before it, and the other columns read as they do for any tranche.

A tranche that came from an opening balance or an IPO allotment, as in Chapter 3, carries a small M, for a manual opening entry.

Sales Within an Open Position

When you sell part of a position and keep the rest, the sale appears in the same list, among the buys, by date. For a sale, Δ Size is the share of the position it sold: the shares sold as a percentage of the shares held just before.

The Journal Column

The last column of the opened row is Journal. It shows the hashtags of any note you have written on that trade. Hover over them to read the note, or click to write one. We look at the Journal properly in Chapter 7.

When Your Rules Call for Action

When your own rules call for an action on a position, the opened row starts with a line saying which action and the reason Tradestory found for it. For a trim, it adds the position's peak price since entry and how far the price has fallen from it. Our example has no rules, so none of its positions shows this line.

Setting a Price by Hand

Click the price in the CMP ₹ column, type a price and press Enter. Tradestory uses that price for the stock until its next price update replaces it. This helps when a price is missing, which shows as — click in the column.

Your Own Stop-loss

A stop-loss is a price at which you intend to sell a position to limit a loss or protect a gain. Switch on the My SL column, click — set in a row, type your price and press Enter. The ✕ beside the box clears it.

Tradestory acts on your stop-loss only for a position that has a strategy applied. Without one, the column notes Not enforced — no strategy assigned. For a position with a strategy, the cell is highlighted once the price falls to your stop-loss or below it. The Decision Room, in Chapter 8, is where stop-losses are reviewed and set across positions.

Next, let's turn from open positions to the ones you have closed.