Closing a Trade

The Close Trade selection enables you to close a trade. You close a trade when you sell a long position or buy a short position. To close a trade, follow these steps:

1. Move the highlight to the trade you want to close.

2. Display the Equity Menu.

3. Select Close Trade.

An entry box is displayed in the Qty column.

4. Enter the number of contracts or positions closed if different than the number displayed. (If you partially close a position, the program opens a new row for the number of contracts or shares left open; the closed row shows the number of contracts closed.)

5. Press b.

The entry box displays the Date value.

6. Enter the Date on which the transaction was closed if different than the date displayed.

7. Press b.

The entry box displays the Time value.

8. Enter the Time at which the transaction was closed if different than the time displayed.

9. Press b.

The entry box moves to the Last column.

10. Enter the price at which the transaction was closed.

11. Press b.