You can enter trades in five different journals.
- Stock Spot Journal
- Stock Margin Journal
- Crypto Spot Journal
- Crypto Perp Journal
- Option trading Journal
When you enter trades in any journal, they will appear in their own dashboard as a new position.
A position can have one or many trades and will stay open until you sell all your quantity. Here’s a simple example:
You want to buy Bitcoin on the spot market, so you decide to use the Crypto Spot Journal. You then enter in the journal:
- Buy 0.5 BTC at $5 (You wish!)
- Buy another 0.5 BTC at $10 (Now your position will be 1 BTC with an average paid price of $7.5)
Now it’s 2024, and you realize that BTC has increased by 1,800,000%. You decide to sell your full BTC at the current price of $90K. When you enter that trade to sell 1 BTC, it will close the position in the Crypto Dashboard with a nice realized PnL. Welcome to the Bitcoinnaire club!
If you want to learn more about the journals, I suggest you visit the link provided at the start of this post.
