To display the Average Price, $ P&L, and % P&L amounts correctly in the Positions window, you need to have an accurate Average Price established for your security.
Edit Average Price
To edit your average price:
1. On the Positions toolbar, click Edit AvgPrices. View Graphic 
2. The Positions Editor displays. View Graphic
3. Click the AvgPrice box for the symbol you want to change. View Graphic
4. Type the average price of the stock.
5. Press Enter. The price changes in that symbol.
6. Click Save and Exit to apply the changes. The $ P&L and % P&L will continue to track from that point forward.
Calculating the Average Price
Cash/Margin Trades - (Purchase Quantity / Total Purchase Quantity * Purchase Price) + Total Average Price
Short Trades - (Short Sell Quantity / Total Short Sell Quantity * Short Sell Price) + Total Average Price
Note: Intraday executions are calculated first.
If there is a previous position with an average price, the same method is applied. For example:
-
Previous position: MSFT, Quantity = 100, Price = 20
-
Today's execution: MSFT, Bought 100, Price = 30
-
Today's execution: MSFT, Bought 200, Price = 40
-
Today's execution: MSFT, Sold 100, Price = 40
Calculation
Total Purchase Quantity for Today's Executions is: 100 + 200 = 300
Total Purchase Quantity for today's execution plus the previous position is: 300 + 100 = 400
[(100/300) x 30] + [(200/300) x 40] = 36.67 intraday average price
[(100/400) x 20] + [(300/400) x 36.67] = 32.5025 intraday plus previous average price
Note: If the symbol is displaying with a *R after the symbol, you will not be able to change the Average Price. *R is a Uniform Practice Code 11830 restricted security. Securities subject to the close-out requirement are those with an aggregate "clearing" short position of 10,000 shares or more that equals or exceeds one half of one percent of the total shares outstanding.
Any specific securities, types of securities, or research tools shown are for demonstrative purposes only and should not be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security. Investors should fully research any security before making an investment decision.
| Trading Web Site | 8/29/09 |
| ScottradeELITE | 8/29/09 |
| Trading Web Site | 9/12/09 |
With more than 400 branch offices nationwide, Scottrade offers live events in neighborhoods all over the country. Visit your local Scottrade office for a cozy small-group Branch Seminar, or get together with Scottrade customers from your area at our popular User Summits.
Education meets interaction in the Scottrade Community. Join Scottrade customers from all over the country as you exchange information, ideas and trading strategies in a comfortable online learning environment.
Interact with Scottrade customers and product specialists. Share your thoughts and learn from others. Grow as an investor. Join our community today!
Learn More About the Community >Brokerage Products and Services offered by Scottrade, Inc. - Member FINRA and SIPC
Online market and limit stock trades are just $7 for stocks priced $1 and above.
Any specific securities, or types of securities, used as examples are for demonstration purposes only. No information on this Web site should be considered a recommendation or None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security.
Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund carefully before investing. A mutual fund's prospectus contains this and other information about the mutual fund. Prospectuses are available through our trading site or through a Scottrade branch office. The prospectus should be read carefully before investing. No transaction fee (NTF) funds are subject to the terms and conditions of the NTF funds program. Scottrade is compensated by the funds participating in the NTF program through recordkeeping, shareholder, or SEC 12b-1 fees.
Investors should consider the investment objectives, risks, charges, and expenses of an Exchange-Traded Fund (ETF) carefully before investing. A prospectus contains this and other information about the ETF can be obtained from the issuer. The prospectus should be read carefully before investing.
Margin trading involves interest charges and risks, including the potential to lose more than deposited, or the need to deposit additional collateral in a falling market. Margin Disclosure Statement (PDF) is available for download, or it is available at one of our branch offices. It contains information on our lending policies, interest charges, and the risks associated with margin accounts.
Options involve risk and are not appropriate for all investors. Detailed information about the risks associated with options can be found in the Scottrade Options Application and Agreement, Brokerage Account Agreement, or by downloading the Characteristics and Risks of Standardized Options and Supplements (PDF) from The Options Clearing Corporation, or by requesting a copy from your local branch office. Supporting documentation for any claims will be supplied upon request.
Market volatility, volume, and system availability may impact account access and trade execution.
Testimonials may not be representative of the experience of other clients and are no guarantee of future performance or success.