Managing Open Trades

You can check your open trades on a daily basis to see how they are doing. SwingTrader will tell you exactly how much each of them is in profit. It tells you the date you opened them, how many days each trade has been running and where your stop loss should be ready for tomorrow's market to open.

The example immediately below shows a watch list with UK stocks. The trades have been open for between 1 day and 12 days. Three are long and three are short trades. You can see that the open trades are up a total of 261 points which at £10 per point* represented a profit of £2,610.

* £10 per point represents a holding of 1000 shares if you trade the market by buying and selling shares. In other words if the price of 1000 shares go up by a point (penny or cent) you will make 1000 pence = £10.

SwingTrader can be switched to represent $ (Dollars) with just a couple of clicks of the mouse. Below is a US stock list showing open trades which are in profit overall by 1050 points which at $10 per point* represents a profit of $10,500.

With one click of the mouse you can also examine an up to date chart for each stock and you can print out the page to help you manage your open trades.