When you trade, you may choose types of accounts.
One table is the account table. There are various types of accounts. E.g.:
1. Real. Real money invested with brokers.
2. Simulated. Needed for testing.
3. Pension. These accounts permit trading only, say, once a quarter. When we look at our monthly profits, we may not be interested in these accounts, since we have much less control.
4. Sample. Accounts that we want to watch, but are not directly invested in. E.g., INDU.
For Real accounts, we may have an IRA, a Roth, several accounts with brokers. We can give a long name, usually the account number with the broker. We give the default commission for stocks and mutual funds. When you make a trade, adding a record to the accounts table, the commission is added automatically. You may, of course, override it.
Define them in Grids | Account. Press this, and the following grid will come up:
The aqua arrows permit you to move around, to add or delete records, etc.
The fields are the these:
C. Close this grid.
Account
This may be IRA, Ordinary, etc.
Type
1. Real. Real money invested with brokers.
2. Simulated. Needed for testing.
3. Pension. These accounts permit trading only, say, once a quarter. When we look at our monthly profits, or whatever, we may not be interested in these accounts, since we have much less control.
4. Sample. Accounts that we want to watch, but are not directly invested in. E.g., INDU.
Broker. The broker for this account.
Account Number. This the the number the brokerage firm uses.
Commission. The default commission.
Mutual Comm. The default commission for mutual fund trades.
Cash. The cash balance in the account. This is calculated by the program.
Statement Date. The last statement checked.
Real. Checked for real accounts.
For Real accounts, we may have an IRA, a Roth, several accounts with brokers. We can give a long name, usually the account number with the broker. We give the default commission for stocks and mutual funds. When you make a trade, adding a record to the accounts table, the commission is added automatically. You may, of course, override it.
Press the + to add an account, and the - to delete. If you try to delete an account in use, it will not permit you to.