Editing an Open Trade

Written By Oscar

Last updated 8 months ago

This article explains the process and benefits of editing an open trade within your [Your Application Name] account. Editing allows you to maintain accurate records and adapt to real-time changes.

Benefits of Editing an Open Trade

Editing an open trade offers several key advantages for managing your portfolio effectively:

  1. Correcting Errors: Mistakes happen. If you've accidentally entered an incorrect open price, quantity, or even the wrong asset symbol, editing allows you to swiftly correct these details, ensuring the accuracy of your historical data and performance calculations.

  2. Flexibility and Control: Market conditions can change rapidly, or you might realize a better strategy after initiating a trade. Editing provides you with the flexibility to adjust specific parameters of your open position, giving you greater control over your active investment analytics.

  3. Enhanced Efficiency: Rather than deleting an incorrect trade and re-entering it from scratch, editing saves you time and effort. It streamlines your data management, keeping your trade log clean and up-to-date with minimal hassle.

How to Edit a Trade

Follow these simple steps to modify an existing open trade:

Step 1: Navigate to the Trades Section

  • Click on the "Trades" option in the left-hand navigation panel.

Step 2: Launch the “Edit Open Trade” modal

  • Find the specific open trade you wish to edit in the list.

  • Right-click anywhere along the row of that trade. This action will bring up a context menu.

  • From this context menu, select the "Edit" option. This will open the "Edit Open Trade" modal (a pop-up window) displaying the current details of your selected open trade.

Step 3: Edit Fields

  • Once the modal is open, you can modify any of the editable fields to correct or updated information.

  • Note on Open Date: While you can edit the "Open Date," please be aware that this date cannot be a future date. It must be today's date or a date in the past.

Step 4: Confirm Changes

  • After you have made all the necessary adjustments to the trade details, click the "Update" button within the modal to finalize your changes.

Your trade details will be updated immediately in the "Trades" section and reflected across your dashboard metrics.

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By leveraging the "Edit Open Trade" feature, you can ensure your trading records are always accurate and reflect the most current information, giving you reliable data for smarter decision-making.

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