TOS cash and sweep net liquidation confusion

[mervyn]

Here is what I'm talking about. On tos it is showing a loss of -$687 but it is not taking into account the rolls if any. In this case the position has been rolled for -.03 (-$75) so your actual losses would be -$762.50 because you have really only collected $2425 in credit. TOS just applies roll debit to the cash but there is no account for it anywhere else. So technically you are closing the current position for -$687.50 and will have realized the -$75 in your cash, but it's confusing and you don't have the correct numbers in front of you if you forget about the roll. Like the other day I was looking at a trade and at a glance it was showing a $200 profit, but had forgot that I had rolled the position for -.16 so in reality I was only up $40, so closing it would have been premature since there is plenty of DTE.

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IMO it needs to be revamped to show all the relevant information like my spreadsheet does.

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Why would any platform to track previous trades? You will get a broker 1099 in February, it shows all trades there, profit or loss.

 

[wxytrader]

Why would any platform to track previous trades? You will get a broker 1099 in February, it shows all trades there, profit or loss.

They can track it however they want but don't have the trade just disappear into the ether once you close it.

 

[wxytrader]

If you close all your positions, your total cash would be: original cash before the trade + profit/loss from closed position(s). I assume you know how to calculate profit/loss from your closed position(s).

I never look at those brokers' information except commission information and original cash amount just to make sure the broker didn't steal from me. I only use the above formula. It's served me well.

Yeah that's why I had to upload the CSV to tradezella to sort out the mess.

 

[mervyn]

They can track it however they want but don't have the trade just disappear into the ether once you close it.

i don’t understand what you are asking. once you closed a position, it goes to realized pnl, you can pull the statement. net liq is current and unrealized pnl.

 

[wxytrader]

i don’t understand what you are asking. once you closed a position, it goes to realized pnl, you can pull the statement. net liq is current and unrealized pnl.

The way they have it set up is cryptic. As soon as you close a trade it just disappears into the ether of trade history. It keeps the closing price, but not the trade (book) price.

If you legged in then you would have to re-calculate the BE etc...and good luck finding the opening of the trade if it was months ago, and it doesn't group the orders either. It's basically back end accounting being used as front end user interface.

Here are 2 examples of how tos shows an open credit spread.

If you glance at theirs it actually tells you nothing at all.

Here you can see that they don't tally the actual spread cost for convenience, or tally up the individual P/L for you if you have multiple trades on the same symbol, it just tally's all of them a whole. And they don't give you the closing costs so you can see the affect on capital closing a trade will have.

Here is my spreadsheet.

If you glance at mine you know exactly where your trade and capital are at...which in these examples are a heaping pile of garbage.