Exit ABC Trade

Last modified 13:43, 2 Nov 2012

sitmicon34.gifThis content is provided in support of the Safety in the Market (SITM) module for Your SOFTWARE and may not be applicable to your package. For more information, go to the Modules topic of this help.

Exit ABC Trade

After a trade has been entered, the whole position or any part of it, can be liquidated and the results of the trade calculated and saved for future reference in the Trading Plan Wizard.

To record the details of a liquidation or partial liquidation, click on the Wizard's Liquidation Plan tab and click the Add button:

The Liquidation Plan Details dialog will open:

Users manually enter details of the trade in the top Details Entry portion, the chart area at the bottom can be opened to view the price Chart details of the exit.

Click OK to save the details of the new transaction, a new row containing those details will be added to the Liquidation Plan tabbed page's table.

If the trade has accounted for all the securities remaining in the trade, the following dialog will appear:

This will ensure that the Status record on the Summary tabbed page is changed from Active to Completed.

Trade Details Entry Area

Liquidation can be of all securities in traded for this ABC formation, or only some.

When the liquidation occurs over a number of trades, each at different prices, the Average Price will be automatically recalculated, along with the current entry and exit positions, on the Summary tabbed page.

Date

Manually enter the date (dd/mm/YYYY), or use the Calendar selector tool to record the date of the transaction.

Price

Manually enter the Price Per Share or security received when the position was liquidated.

Quantity

Manually enter the number of securities for this transaction.

Brokerage

Enter the full brokerage amount.

Reason

Enter the reasons in text for exiting this trade at this time.

Chart Area

Click the Chart >> button to drop down the chart feature (displayed above).

The price details at the time of liquidation can be viewed in a price chart.

The chart is un-locked, use the cursor to expand or contract it.

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