WEBVTT 00:00:01.300 --> 00:00:05.124 Let's bring the labels together in one clearly marked Paper example. We 00:00:05.124 --> 00:00:08.947 begin with six hundred dollars of cash, holdings valued at four hundred 00:00:08.947 --> 00:00:12.771 dollars, and two hundred dollars reserved within the cash. That gives four 00:00:12.771 --> 00:00:16.595 hundred dollars tradable and one thousand dollars of total value. The reserve 00:00:16.595 --> 00:00:20.100 is included in the cash, so we count it only once. 00:00:20.600 --> 00:00:24.722 For the arithmetic on this page, assume prices do not change, no 00:00:24.722 --> 00:00:28.845 fees apply, no reserve adjustment occurs, and there is no other activity. 00:00:28.845 --> 00:00:32.967 These assumptions make the categories easy to follow. They are not promises 00:00:32.967 --> 00:00:37.090 about a real order or every Paper execution. You can complete the 00:00:37.090 --> 00:00:40.525 exercise by watching the example; no new purchase is required. 00:00:41.025 --> 00:00:44.841 Now the example buys one hundred dollars of an asset, and the 00:00:44.841 --> 00:00:48.656 result is confirmed. Cash falls from six hundred to five hundred. Holdings 00:00:48.656 --> 00:00:52.472 value rises from four hundred to five hundred under our unchanged-price assumption. 00:00:52.472 --> 00:00:56.288 Total value remains one thousand. The account exchanged part of its cash 00:00:56.288 --> 00:01:00.103 for a holding; it did not gain another hundred dollars simply because 00:01:00.103 --> 00:01:01.375 a new position appeared. 00:01:01.875 --> 00:01:05.736 The reserve stays at two hundred in this example, so tradable cash 00:01:05.736 --> 00:01:09.598 becomes three hundred. That is five hundred cash minus two hundred reserve. 00:01:09.598 --> 00:01:13.459 Notice that the reserve dialog can still show Total Balance of one 00:01:13.459 --> 00:01:17.320 thousand while the header cash and tradable values are lower. The views 00:01:17.320 --> 00:01:21.181 are answering different questions about the same account, not disagreeing about a 00:01:21.181 --> 00:01:21.825 missing deposit. 00:01:22.325 --> 00:01:26.446 Next, the example sells that one-hundred-dollar holding for the same amount, and 00:01:26.446 --> 00:01:30.568 the sale and account update are confirmed. Cash returns to six hundred, 00:01:30.568 --> 00:01:34.689 holdings value returns to four hundred, and tradable returns to four hundred 00:01:34.689 --> 00:01:38.810 with the reserve unchanged. This is a category demonstration, not a profitable 00:01:38.810 --> 00:01:42.932 trade. Actual fees, price changes, or reserve adjustments would change the final 00:01:42.932 --> 00:01:43.275 numbers. 00:01:43.775 --> 00:01:47.990 To review an actual result, match the same mode, account, pair, and 00:01:47.990 --> 00:01:52.205 approximate time in Portfolio and Transactions. Use the executed quantity and recorded 00:01:52.205 --> 00:01:56.419 values rather than the earlier estimate. If other strategies were active or 00:01:56.419 --> 00:02:00.634 another action was pending, include that activity in the explanation. A before-and-after 00:02:00.634 --> 00:02:04.849 comparison is only clean when you know what happened between the two 00:02:04.849 --> 00:02:05.200 views. 00:02:05.700 --> 00:02:09.692 If the figures do not line up, check them in a deliberate 00:02:09.692 --> 00:02:13.684 order. First, confirm context and currency. Then check refresh status and unresolved 00:02:13.684 --> 00:02:17.676 requests. Finally, check what each total includes, whether a reserve or budget 00:02:17.676 --> 00:02:21.668 changed, and whether you are comparing cash with holdings value. Avoid changing 00:02:21.668 --> 00:02:25.660 settings just to make two numbers match. Investigate the definition before changing 00:02:25.660 --> 00:02:26.325 the account. 00:02:26.825 --> 00:02:30.263 You have finished this chapter when you can tell the story without 00:02:30.263 --> 00:02:33.700 counting any money twice: here is cash, here is the portion identified 00:02:33.700 --> 00:02:37.138 as reserve, here is tradable cash, and here is the value still 00:02:37.138 --> 00:02:40.575 held in assets. Explain any unresolved difference honestly. Next, Reading Your Exit 00:02:40.575 --> 00:02:44.013 Alerts and Portfolio will help you interpret the holdings and exit information 00:02:44.013 --> 00:02:47.450 that sit alongside the cash figures you now know how to read.