TradeStops customers sometimes make multiple purchases of the same position at different times.
Here’s a quick way to handle those occasions:
Be aware that when you synchronize your accounts with TradeStops, all purchases of a single stock will pull in as one position showing the total shares owned.
Most investors using TradeStops choose to edit their entry price with an average of the prices paid for the position.
Use the following method to average your entry price:
100 shares purchased at $50/share for total cost of $5000
50 additional shares purchased at $70/share for total cost of $3500
($5000 + $3500) / 150 shares = $56.67
This figure represents the weighted average price per share, and can be entered into the “Entry Price” field.
Another option is to create a manual position entry for each purchase/reinvestment.
If you are manually adding positions into your account, you can simply enter a separate position for each purchase lot and track them separately with their own alerts.
Or you can edit the existing position, to increase the alerts and adjust your entry price to a weighted average.
Details on editing positions can be found in the article
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To Your Investing Success,
Your TradeStops Customer Success Team