Got Questions... ?
We Have The Answers with some product Videos as well
What's Journal?Think of journal as your logbook or sheet where all your active wheel trades are listed. The journal lists all active Sold Puts (cash secured puts) as an accordion and all active Buy Stock + Sold Calls (covered calls) as a separate accordion.
At the very top it will show your realized and unrealized option premiums from all sold puts and sold calls currently listed in the journal. This is an ideal data point that shows your full journal premium snapshot. These numbers are calculated only from journal entries and not archived entries.
Within each accordion the trades are grouped by the symbol/ticker. On the header of each accordion you will see the count of the positions, and your cost basis / adjusted cost basis when holding stock.
Expanding the accordion will show all the journal trades in a tabular format for that symbol. Additionally, in the accordion content you will also find the realized and unrealized option premiums for that symbol only.
The table of trades can be sorted by any column of your choice, but by default on page load it will be sorted by "Open Date" descending. On each row you will also find applicable actions that you can take for that particular trade. If entered, the note for the trade can also be viewed here by clicking the note icon.
Most of the columns are self-explanatory, may be except a couple. The "Days" column indicates how many days the trade ran for. The "$ FLow" column indicates the net credit/debit recorded under that trade.
Location: Site navigation (all pages)
Firstly select your trade type between
Then fill out all the required fields and you can also optionally add a note for yourself. Think of the note as your theory/reasoning behind entering that trade.
Location: Journal Pen icon button
This will pull the edit trade form with all the information about that trade pre-filled.
Please note:You will not be able to edit the trade type (Sell Put / Buy Stock / Sell Call). If you want to change the trade type, you can always delete the existing trade and add a new one.
Location: Journal Lock icon button
This will pull the close trade form with all the information about that trade at the top.
Please Note: Only after the trade is closed will it be used for calculations in the Performance charts.
When closing a Sell Put / Sell Call trade you will have the choice of marking
Location: Journal Box icon button
This will pull the archive trade form with all the information about that trade.
When you archive a trade is it NOT deleted. It will simply move your trade from the journal to the archives page.
Why archive?Archiving is a good habit and it will keep your journal limited to your active wheels, hence easier to read and analyze.
Location: Journal Bin icon button
This will pull the delete trade form with all the information about that trade.
Ideally there's no reason to delete your trades, but in the odd case when you don't want to see it, you can delete it.
Please note: Trades once deleted CANNOT be recovered.
Location: Journal Vertical ellipsis (menu) button
This will pull the split trade form with all the information about that trade. All you need to provide are the values for Quantity #1 and Quantity #2.
What exactly is split trade: This is not your market stock split, but very similar. When you want to break apart the "quantity" of an existing trade, you will need to use split trade. Let's say you want to break apart 6 Sell Put into groups of 4 Sell Put and 2 Sell Put, that's where split trade comes into play.
It will basically split a single trade entry into two, keeping all other details of the trade exactly the same.
Split trade should come in handy when you close partial lots. You can easily break your single lot and close only the needed quantity, while keeping the other quantity open.
Location: Journal Vertical ellipsis (menu) button
This will pull the merge trade form with all the information about the primary trade. All you need to do is select the secondary trades from the list provided that you want to merge with the primary trade.
What exactly is merge trade: When you have multiple lots opened (purchased at a different point of time) and you want to combine them all into a single trade entry, you will need to use merge trade. Let's say you want to merge 60 Buy Stock and 40 Buy Stock into a single trade entry of 100 Buy Stock, that's where merge trade comes into play.
It will basically merge multiple similar trade entries into one, taking all the needed cost basis math into account.
Keep in mind, for options to merge they must have the same strike and the same expiry date.
Merge trade should come in handy when you have accumulated independent lots over a period of time and then closed all as a single lot. You can easily merge multiple trade entries into a single trade entry and then just close that one, rather than closing individual trade entries.
Location: Site navigation (all pages)
Don't forget all your hard work of logging trades needs some analysis so that you can become the best version of yourself. We've got some sleek looking charts to see where your trades have led you.
You can see your annual metrics by trade type - Sell Put / Buy Stock / Sell Call and by symbols as well.
You can also see your assignment percentage for Sell Put / Sell Call to evaluate your win rate.
It will be our continuous goal over time to add more charts as our platform matures.