Contents
The Stock Rover Trade Evaluator can evaluate your past trades, both buys and sells, to quantitatively determine how beneficial or detrimental your trades have been to your investment returns.
The Trade Evaluator is available from the Start Menu under Portfolio Tools as shown in the screenshot below.
You begin by creating a Trade Bundle which has a name and is a container for trades. A Trade Bundle can hold one or more trades.
If you right click on a folder you will get an option to create a new trade bundle as shown below.
If you don’t have a trade bundle selected in the tree, you can also create a trade bundle by clicking on the word “here” as highlighted above.
When you select Create New Trade Bundle you will get this dialog window.
As you can see, there are three ways to create a Trade Bundle and enter trades. You can enter trades manually, import trades from one of your Stock Rover Portfolios or import trades from an external file.
Creating a Trade Bundle is discussed in detail in our help pages.
For the purposes of this example, we will take the simplest case and enter a couple of trades manually to our newly created Trade Bundle. We do that by clicking on the Add Trade button, as highlighted below.
We then fill in the ensuing dialog window to enter the sale of 200 shares of Amazon (AMZN) on January 3rd, 2023. After entering we click Add to add the trade.
We then used almost all of the proceeds from the Amazon sale to buy 135 shares of Meta (META) on the same day, as shown below.
We then click Add and Finish and we are done. We have created a new Trade Bundle named My Trade Bundle with two trades in it, a sale of Amazon and a buy of Meta.
Let’s now evaluate those trades. In the Trade Evaluator table we can see the consequences of the trades as of now.
We first see the pair of trades netted $324.10 in cash (#1).
We can also see that the sale of Amazon cost us $12,178 in lost profits (#2). However, using that cash for Meta generated a gain of $29,261.25 (#3).
So the overall gain was a net positive of $17,083.25 (#4). The profits lost by selling Amazon were more than amply offset by the profit gains in Meta. It turns out that this set of trades was overall a great move.
There are more capabilities in the Trade Evaluator we have not touched on here, such as using a benchmark to measure the trades, viewing the trades in summary or detail mode, highlighting the best and worst trades, and importing trades from a Stock Rover portfolio or an external file.
You can learn more about the Trade Evaluator and all it can do from our Help Pages.
