You can enter trades in 5 different journals.
- Stock Spot Journal
- Stock Margin Journal
- Crypto Spot Journal
- Crypto Perp Journal
- Option trading Journal
- Option Writing Journal (coming soon)
When you enter trades in any journal they will then appears in their own dashboard as a new position.
A position can have 1 or many trades and will stay open until the you sell all your quantity. Lets take 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 at $10 (Now your position will be of 1 BTC with average paid price of $7.5
- Now it’s 2024 and you realized you had purchased BTC at 4% and decide to sell your full BTC at current price of $90K and when you enter that trade of Sell 1 BTC it will close the position in the Crypto Dashboard with a nice Realized PnL. Welcome to the Bitionnaire club.
If you want to learn more about the journals I suggest you visit the link I provided at the start of this post.