8.3. Looking Up a Symbol

A decision about a stock is better made with your own history of it in view: the positions you hold in it, and what you wrote the last time you traded it.

Above the queue is a box marked Look up any symbol…. Type a stock's symbol and choose Open. The Decision Room shows its price chart and, beneath it:

• under Positions & current recommendation, each position you hold in it, with the quantity, average cost, current price, unrealised result, tranches, your stop-loss and your strategy's. For a stock you do not hold, it reads Not currently held.
• under Recent journal entries, your latest notes on it, with their hashtags, or No prior entries for this symbol.

This works for any stock, held or not. It suits the moment before buying back a stock you held before: the chart, and what you thought of it last time, side by side.

Summary

In this chapter, we looked at the Decision Room, a beta feature. We saw:

• that a position's stop-loss comes first from your strategy's rules, and that the Decision Room, like the Dashboard's My SL cell, is where you set a stop of your own to take precedence,
• the queue of single-tranche positions, the ones most often in need of that decision,
• the idea of support, and how moving averages help show where a stock has found its floor,
• how to find that level with the chart, the EMAs and the probe, and turn it into a stop with its cost worked out,
• and how to look up any stock with your own notes on it.

So far we have looked at trades and positions as they stand. In Chapter 9, we look back at a position as a whole.