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| PowerTip #2 |
Plan your Trading
Before making an investment write down:- your objective with the investment
- what to do if it goes up, goes down, or stays the same
- keep notes on your thoughts and events
- review the notes quarterly to improve your process
- use My Portfolio and the Notes & Alerts to manage and document these processes
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| PowerTip #9 |
Monitoring Stop Losses
Once you have analyzed a lower and upper stop limit for your position, record those values using the Alerts section. The Profit/Loss Portfolio will alert you when those stops have been hit. Stop orders can sometimes be unreliable consider using a married put as an alternative. | | Was this tip helpful? | | |
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| PowerTip #10 |
Reviewing your returns on an individual position
From the Profit/Loss Portfolio you can analyze one position at a time. Just link your position into the Position Analysis tool using the "More Info" buttons. This will calculate your original position, current liquidation value, and possible future expiration value. And then show potential Roll Out opportunities for most strategies. | | Was this tip helpful? | | |
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| PowerTip #11 |
Closed Positions...
You can add old positions into the Portfolio "Transactions" to enhance your overall accounting. Simply click "Transactions" then 'Add a Closed Transaction' and enter in the information. Use the same format of the other transactions. | | Was this tip helpful? | | |
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| PowerTip #21 |
Be free. Create as many Portfolios as you like...
Create as many Portfolios as you like to separately track different accounts or strategies. You can have a Portfolio just for Long Stocks, one for an IRA account, one for just your Covered Calls and one for strategies you are paper trading. | | Was this tip helpful? | | |
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| PowerTip #52 |
Post position analysis
So you have a position, now what? Post position analysis can be used to find alternative moves to make, which will enhance your income or profit. Once you have established a position in the Profit/Loss Portfolio click on the "more info" button to Position Actions and then Position Analysis. | | Was this tip helpful? | | |
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| PowerTip #80 |
Potential Roll-Out Simulation
Roll out suggestions can be simulated to show before and after results if a roll out is implemented. Click the "more info" button and then "Simulate Trade" next to the roll out to be considered. | | Was this tip helpful? | | |
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