Buying and Selling
Build and manage your StockMarketEye portfolios so that you always have up-to-date information with which to make your investment decisions.
StockMarketEye portfolios are managed just like a standard brokerage account. To add items to your portfolio, you buy shares. To remove items, you sell shares. StockMarketEye can handle long and short positions, as well as the transfer of shares in and out.
Adding an Asset (Buy)
Your portfolios can contain short or long investments in stocks, mutual funds, ETFs and many other asset classes.
If you don’t know the ticker symbol of the security that you would like to add to your portfolio, you can use the built-in symbol search feature described in the Ticker Symbol Lookup section. Alternatively, the purchase window has a “Search” button to help find the right ticker symbol.
When you would like to add a position to your portfolio, simply click on the “Buy Stock” button (green plus sign) in the Portfolio toolbar. This will open the “Enter Purchase Details” window.
The ‘Enter Purchase Details’ Window
This window allows you to specify the details of the asset you are adding to your Portfolio.
Enter the ticker symbol for the security you are purchasing in the “Symbol” field. If you don’t know the exact ticker symbol, you can click on the “Search” button at the right of the “Symbol” field to search for the ticker symbol you need.
Once you have the ticker symbol, fill in the other fields of the dialog with values corresponding to this investment.
- Quantity – Enter the number of shares you are purchasing, shorting or transferring
- Price – Enter the price paid per share in the “Price” field. You can use the “Get Price” button to use the closing price of the security on the date selected in the “Date” field. If this is a transfer, enter the cost basis per share for the shares you are receiving.
- Commissions – Enter any commissions associated with this purchase, short sale or transfer.
- Fees – Enter any fees associated with this purchase, short sale or transfer.
- Total Value – Total value of this transaction. You normally don’t need to modify this field as it will be automatically computed from the fields above.
- Date – Select the day you purchased, shorted or transferred this asset.
- Type – Select either “Buy” if you are buying this asset, “Sell Short” if you are short selling it, or “Shares In” if you are transferring shares in from another account.
- Cash Balance – Select “Update” if you want the Total Value subtracted from the Portfolio’s cash balance. Typically this should be set to “Update”. However, it can be set to “Do not update” if the Total Value should not be subtracted from the Cash balance. The default setting of this option is controlled by the setting, “Update the cash balance with transaction proceeds?” in the “Portfolio” tab of the Portfolio’s Settings window. Note that for “Shares In” transactions, the cash balance of your portfolio is never affected, no matter which setting you select. However, for proper performance calculations, you should set it to “Update”, even if your portfolio does not have a cash balance, unless the “Shares In” transaction that you are recording is part of a spin-off. See the section on recording corporate actions for details on recording spin-offs.
- Currency – The currency of the security. Typically this is automatically set when entering the ticker Symbol, but can be changed manually if necessary.
- Exchange Rate – The exchange rate used for this transaction. If the Currency of this security is the same as the currency of the portfolio, the exchange rate will be 1.0. Otherwise, it will automatically be set to the closing exchange rate on the selected Date. It can be changed manually if you have a specific exchange rate from your brokerage.
- Comments – Add any comments or notes about this transaction.
Once you have filled in appropriate values for all of the fields, click on the OK button to add the asset to your Portfolio. Your portfolio will then look something like this:
Modifying an Existing Asset
You can modify the details of an asset in your portfolio in a number of ways.
- Double-click on the asset to open the “Details of a stock in your Portfolio” window. From this window, you can modify the details of this holding, including Quantity, Price, and Date. When you have finished, click “OK” to update your portfolio.
- You can also modify some of the details of your holding “in-line”. First select the item in your portfolio, then click in the Shares or Buy Price cell of this line. You can then edit the value. Press ‘Return’ for your changes to take effect or ‘Esc’ to cancel.
You can also modify the Last column in this way (also called ‘overriding’ the value) in order to visualize the effects of a different asset price on the investment’s value. Note that if you modify the Last column in this way, a small asterisk will be displayed in the cell and the price will no longer be updated. To remove the ‘override’ and get the current price again, simply edit the Last cell, delete any value that is there and press ‘Return’.
- Finally, if neither of the above methods allow you to change the details sufficiently, you can also delete the item from your portfolio and add it again. To do this, select the item to delete and then use the menu: Portfolio -> Delete from Portfolio…
You will have to confirm that you want to delete this item and its corresponding transaction.
Removing an Asset (Sell)
You can sell, cover a short position or transfer shares out of your portfolio by selecting the item and clicking on the “Sell Stock” button in the toolbar.
This will open the “Enter Sale Details” window where you can specify the details of the transaction. When you have finished entering the information, click the “OK” button and the asset will be removed from your portfolio and a transaction will be added in the Transactions report. If you have selected to update the Cash balance, the proceeds (less transaction costs) will be added to your Cash balance.
Note that you can not undo a sell operation. You first need to delete the ‘sell’ transactions, then buy the security again.