Notes on Entering Trades

Notes on Entering Trades

The entered trades do not have to be in chronological order
Security IDs are not case sensitive
Do not include exchange entries if the buy and sell entries are already split adjusted
The years part in the dates must contain at least two digits, e.g. 01/03/6 is not valid

Processing the Trades

Pressing the Process button results in the processing of the entered trades and generation of the tables in the Matched Transactions, Net Positions, and Summary tabs. Error messages appear below the input box. Note also:

As trades are processed and long positions are depleted, the program will note if short positions result
If a fractional share results from a share exchange, a message will be generated

Sales from a Specified Position

Normally security positions are eliminated on a FIFO basis. However, at the time of the trade, the seller can specify to the broker that the sale be made against a specific position. To do this in SkedDee assign a unique ID to the position to be sold.

Example

Anita Killough has bought and shares of Fender Bender Industries over the years. The earlier purchases were at higher share prices than the later ones. So in 2007 when she sold some of them she instructed her broker that she was selling shares from a lot purchased in 2004. Since she already had considerable loss carry-forwards, she designated that they be sold, so that the resulting in a profit would be offset by the carryover (not shown). This is accomplished in SkedDee by assigning different IDs:

B 600 fi "Fender Industries" 6/12/03 30000

B 300 fi1 "Fender Industries" 7/6/04 9000

S 200 fi "Fender Industries" 3/2/06 9000

S 300 fi1 "Fender Industries" 6/1/07 13500

This forces SkedDee to match the 6/1/07 sale against the 7/06/04 buy. If the 6/1/07 sale had been for 200 shares, the 7/6/04 trade would have been broken into two:

B 600 fi "Fender Industries" 6/12/03 30000

B 200 fi1 "Fender Industries" 7/6/04 6000

B 100 fi "Fender Industries" 7/6/04 3000

S 200 fi "Fender Industries" 3/2/06 9000

S 200 fi1 "Fender Industries" 6/1/07 13500

Although the descriptions are the same, as far as SkedDee is concerned it’s dealing with different securities because the IDs are different.

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