4.2. Reading the Table
The positions table has one row for each open position and, at its fullest, nineteen columns. Figure 4-2 shows a few rows of our example with every column switched on.
Current Positions · every column
| Symbol | Label | Cadence | Tranches | Qty | Avg Cost | CMP ₹ | Invested | P&L ₹ | P&L % | Today | Vs Entry | Days T1 | Days Tn | %Inv | %Val | My SL | Strat SL | Action |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AARTIPHARM | — | — | T1 | 106 | 939.55 | 873.65 | ₹99,592 | −₹6,985 | −7.0% | — | −7.0% | 21 | 21 | 2.0% | 1.8% | — set | — | — |
| AEROFLEX | — | — | T1›T6 | 908 | 275.14 | 525.8 | ₹2,49,831 | +₹2,27,595 | +91.1% | — | +135.5% | 238 | 119 | 5.0% | 9.3% | — set | — | — |
| KTKBANK | — | — | T1›T5 | 946 | 258.21 | 329.85 | ₹2,44,270 | +₹67,768 | +27.7% | — | +51.4% | 224 | 49 | 4.9% | 6.1% | — set | — | — |
| TIMEX | — | — | T1 | 140 | 714.2 | 700.55 | ₹99,988 | −₹1,911 | −1.9% | — | −1.9% | 28 | 28 | 2.0% | 1.9% | — set | — | — |
The Columns
Symbol comes first and always stays. The rest, in the order Tradestory first shows them:
- Label: the labels you have given the position, such as a word for the kind of holding it is. You create labels in Settings, as we see in Chapter 12.
- Cadence: how often you mean to review the position: daily, weekly or monthly. You choose it from the drop-down in the cell, and it stays blank until you do. Hovering over it shows the date of the next review, or In review window when that review is due.
- Tranches: the buys that built the position. T1 means a single buy; T1›T5 means five.
- Qty: the number of shares held.
- Avg Cost: the average price paid per share, across every tranche.
- CMP ₹: the current market price.
- Invested: the total paid for the shares held.
- P&L ₹ and P&L %: the unrealised profit or loss, against the amount invested.
- Today: the day's change, against the previous close.
- Vs Entry: how far today's price is from T1's price. For KTKBANK, 51.4%; compare its P&L % of 27.7%, which is measured against the average cost of all five tranches.
- Days T1: calendar days since the first tranche, which is how long the position has been held. KTKBANK: 224 days.
- Days Tn: calendar days since the latest tranche. KTKBANK: 49 days. For a position bought once, the two are the same.
- %Inv: the position's amount invested as a share of the portfolio. The base is your capital, or the total invested across all positions if that is larger. KTKBANK: 4.9%.
- %Val: the position's market value as a share of the market value of all open positions. The %Val column always adds up to 100%.
- My SL and Strat SL: your own stop-loss for the position, and the one your strategy works out. These two are hidden until you switch them on. We meet stop-losses in Chapter 8.
- Action: what your own rules call for on the position today: Sell, Trim or Add. Blank when your rules call for nothing, or when no rules apply, as in our example.
Arranging the Table
Click a column's heading to sort the table by it, largest first. Click again for smallest first, and a third time to clear the sort.
The Columns menu lists every column with a tick box. Untick a column to hide it, and drag the columns into the order you like. Tradestory remembers your choice.
On a phone, the table turns into a list of cards, one per position, with each value printed under its column's name. A sort control at the top does the work of the headings.
Next, let's see how to find and select positions.