PortTrak - Selling a Security

Selling A Security allows you to remove some or all of the shares of it from PortTrak, taking the proceeds from the sale and returning them as cash to your portfolio. You may only "Sell" shares of a stock which you already own. If you wish to "Short" shares (selling them before you own them with the hope of buying them back later at a better price), you will find more information about that in the Shorting A Security area.

To Sell A Security, your first step is to push the Sell Security Button.

In the dialog box, you will see a place for you to enter the security ticker symbol. Since you may only sell shares that you own, this list only contains stocks in your portfolio.

In the Number of Shares box, you should enter the number of shares that you are selling. You may not sell more shares than you own.

In the Price Per Share box, you should enter the price per share as a decimal. PortTrak will not recognize a fraction. This is the raw price per share, not counting commissions or other costs.

In the Commission box, you should enter the commission that you are being charged on the sale. Include here any handling fees, brokerage fees, or any other costs associated with this sale.

Use the Calculate button to see the total amount you will receive from the sale, as well as the Foolish Value Per Share (with all costs included).

Use the OK button to enter the sale.

Once you have completed the sale, the proceeds will automatically be entered into the cash line on your portfolio.

If you did not sell all of the shares of a given stock, the new number shares will be reflected in your portfolio. You will notice a new cost basis which factors in both the new sale and the previous transactions.

If you sell all of the shares of a stock, you will see 0 in the Shares Owned cell. PortTrak does not automatically remove a security just because you sell all of the shares, in case you want to follow it even after you sell it. To remove a security, use the Remove Security button.

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