Opened Trades: Extended Details on Opening Positions

This article explains how to use the Opened Trades table, which provides a detailed view of every individual transaction that has an open position in your portfolio. It's a way to get a full history of all your active trades in one place.

This table also allows you to manage your manually entered trades.

Locating Your Open Trades Table

You'll find the Opened Trades table on the dedicated Trades page, under the Opened Trades tab.

Table Structure and Content

Unlike the Current Positions table, which groups trades, the Opened Trades table lists every single transaction on its own line. This gives you a comprehensive, unfiltered view of your trading history.

Each row in the table provides key information about the individual trade:

• Trade ID: The unique identifier for the specific transaction.

• Type: The position type Buy/Sell (Long) or Short/Cover (Short).

• Symbol: The ticker symbol.

• Exchange: The exchange where the trade occurred.

• Data Source: The origin of the trade data, which can be either the name of your brokerage (e.g., "Fidelity," "Schwab") or "Manual" for trades you've entered yourself.

• Open Price: The price per share at which you opened the position.

• Quantity: The number of shares bought or sold in that transaction.

• Total to Open: The total cost to open that specific position.

• Open Date: The date the position was opened.

• Days Since Open: The number of days that have passed since the trade was opened. This value updates daily.

Usefulness of Days Since Open

The Days Since Open value is useful for several reasons:

• Risk Management: By tracking the time elapsed since the initial investment, you can analyze the duration of your holdings and identify positions that may be held for too long. This helps in managing risk exposure.

• Performance Analysis: This metric is crucial for calculating time-based performance metrics, such as annualized returns or the average holding period for winning versus losing trades. It can help you evaluate your strategies' effectiveness.

• Strategy Evaluation: You can use this value to see how long it takes for a position to become profitable or to hit a stop-loss. This data can inform future decisions about entry and exit points.

• Compliance and Reporting: For tax purposes or regulatory reporting, knowing the exact number of days a position has been held is often necessary, especially for distinguishing between short-term and long-term capital gains.

Managing Your Trades

The Opened Trades table is where you can manage your manually entered positions.

• For brokerage-sourced trades, no changes are allowed, as this data is pulled directly from your connected account. The horizontal ellipses icon for these rows will be greyed out.

• For manual entries, you have the ability to make changes. Clicking the horizontal ellipses icon on a manual trade's row will open the "Trades Options" menu, giving you the ability to edit, close or delete that trade.

Highlight

By listing every individual transaction, the Opened Trades table gives you a complete and unfiltered view of your trade history for open positions. This allows you to review your entire portfolio and seamlessly manage your manually entered positions with full control.

If you have any questions or encounter any issues, please contact our support team for assistance at support@orizonanalytics.io