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Glossary

Profitspi Glossary

B D M N P U


B


Basis Method - is critical when your sales are in different transaction quantities to the related purchases. The Basis Method can be Average, FIFO (First-in-First-Out) or LIFO (Last-in-First-Out) and is used to determine which purchase shares relate to which sales so that an accurate Realized Profit can be calculated for each sale.

Basis Method is also important for all transactions at it is part of the criteria for automatic transaction matching. For example, if your purchase transaction is Average and your sale transaction is FIFO then they will not match properly.

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D


Down Volume - is the total volume for all trades during the day where the trade was done at a lower price than the previous trade.

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M


Margin % - should be recorded when the Transaction is bought on margin and you are tracking the cash balance in the Account. Otherwise, it is not required and will default to 100%.

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N


Neutral Volume - is the total volume for all trades during the day where the trade was done at the same price as the previous trade.

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P


Period - is a unique feature of Profitspi. Usually, portfolio trackers will only tell you what is happening to your portfolio today. Profitspi does this too but it can also show you what happened on any day, or combination of days, in your portfolio history.

For example, if you are looking at the default report 'Summary by Symbol' the Period is defaulted to 'Today'. This means that the total for any 'in Period' columns such as 'Profit in Period' or 'Total Return in Period %' represent the movement in your portfolio Today. This is the same as any other portfolio tracker.

However, you can change the Period by choosing one of the options such as 'This Week', 'This Month', etc or even choose specific from and to dates. If you do this, then the total for any 'in Period' columns represent the movement in your portfolio during that period.

For example, if today is Wednesday and you choose 'This Week', then 'Profit in Period' is the profit movement for Monday, Tuesday and Wednesday combined.

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Portfolio / Account - Profitspi caters for each user having multiple Accounts which can then be grouped into Portfolios for reporting purposes.

An Account will normally correspond to an account you hold with a broker. This way you can reconcile your entries, and cash balance, in Profitspi with your broker statements. You can also compare the performance of each Account.

A Portfolio is just a grouping of Accounts. You decide which Accounts belong to which Portfolio and you can change this structure as you wish later. For example, you may have a Portfolio containing long-term investment Accounts and another with short-term trading Accounts. Again, you may compare the performance of each Portfolio.

New users are setup with one Portfolio containing one Account. Although there is no limit to the number of Portfolios and Accounts you can setup, only premium subscribers can view reports and charts summarizing across more than one Account at the same time.

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U


Up Volume - is the total volume for all trades during the day where the trade was done at a higher price than the previous trade.

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