WEBVTT 00:00:01.300 --> 00:00:04.936 You now have a practical way to read holdings and exits. Let 00:00:04.936 --> 00:00:08.571 us put it together with one final example. Everything in this challenge 00:00:08.571 --> 00:00:12.207 is fictional Paper data. You are not choosing an investment or being 00:00:12.207 --> 00:00:15.842 asked to place an order. Your task is to explain what the 00:00:15.842 --> 00:00:19.175 screens establish, what remains open, and where you would look next. 00:00:19.675 --> 00:00:23.323 The first screen shows Example Coin under Example Strategy A. It has 00:00:23.323 --> 00:00:26.970 ten units, an average entry price of twenty dollars, and an investment 00:00:26.970 --> 00:00:30.618 of two hundred dollars. Its displayed value is two hundred twenty dollars. 00:00:30.618 --> 00:00:34.265 Under our no-fee assumptions, name the gain and explain whether it is 00:00:34.265 --> 00:00:37.913 realized. Take a moment before continuing: there is no sale record in 00:00:37.913 --> 00:00:38.825 this first screen. 00:00:39.325 --> 00:00:43.304 The answer is a twenty-dollar unrealized gain, or ten percent of the 00:00:43.304 --> 00:00:47.282 example investment. The holding is still open. Two hundred twenty dollars is 00:00:47.282 --> 00:00:51.261 its displayed position value, not cash already received from a sale. If 00:00:51.261 --> 00:00:55.240 the price changes while the quantity stays the same, the value and 00:00:55.240 --> 00:00:59.218 unrealized result can change too. A green figure does not change that 00:00:59.218 --> 00:00:59.550 distinction. 00:01:00.050 --> 00:01:03.607 Now Exit Watch reports the same symbol and strategy with a trail 00:01:03.607 --> 00:01:07.163 one percent away. Another portfolio row holds three units of the same 00:01:07.163 --> 00:01:10.720 coin under Example Strategy B. Which row does the alert appear to 00:01:10.720 --> 00:01:14.276 concern, and what does the distance prove? The label points you toward 00:01:14.276 --> 00:01:17.833 Strategy A, but you still check the exact holding before an action. 00:01:17.833 --> 00:01:20.500 The distance describes a condition, not a completed exit. 00:01:21.000 --> 00:01:24.994 Next, an illustrative sell review asks for four units from Strategy A's 00:01:24.994 --> 00:01:28.988 position. Its estimated proceeds are eighty-eight dollars at the example price. A 00:01:28.988 --> 00:01:32.982 subsequent message says Accepted and awaiting confirmed fills. Can you now declare 00:01:32.982 --> 00:01:36.976 that six units remain and eight dollars of profit has been recorded? 00:01:36.976 --> 00:01:40.970 No. Those are possible results under the example assumptions, but the accepted 00:01:40.970 --> 00:01:43.300 request has not yet supplied execution confirmation. 00:01:43.800 --> 00:01:47.942 In the final evidence, the records confirm that four units sold at 00:01:47.942 --> 00:01:52.084 twenty-two dollars each, with no fees or other activity in this exercise. 00:01:52.084 --> 00:01:56.226 The updated Strategy A row contains six units. You can now connect 00:01:56.226 --> 00:02:00.368 eighty-eight dollars of gross proceeds to eighty dollars of example cost and 00:02:00.368 --> 00:02:04.510 an eight-dollar realized gain. Strategy B's separate three-unit position is unchanged in 00:02:04.510 --> 00:02:05.200 this scenario. 00:02:05.700 --> 00:02:09.638 Suppose the portfolio still showed ten units instead. Your next step would 00:02:09.638 --> 00:02:13.575 be to check snapshot freshness, request status, matching activity, and any accounting 00:02:13.575 --> 00:02:17.513 delay. You would not send another four-unit sale simply to make the 00:02:17.513 --> 00:02:21.450 screen change. For an unclear Live outcome, the corresponding exchange records would 00:02:21.450 --> 00:02:25.388 also matter. Describe the uncertainty and the evidence you need before deciding 00:02:25.388 --> 00:02:26.700 what the mismatch means. 00:02:27.200 --> 00:02:30.817 That is the routine to carry forward: identify the context and position, 00:02:30.817 --> 00:02:34.435 read the value correctly, interpret the alert, distinguish the request from its 00:02:34.435 --> 00:02:38.052 result, and reconcile the records. You can use that routine even when 00:02:38.052 --> 00:02:41.670 a market moves quickly or a message is unfamiliar. In the next 00:02:41.670 --> 00:02:45.287 chapter, we will explore how to find, compare, and understand strategies using 00:02:45.287 --> 00:02:48.000 the same habit of checking evidence before drawing conclusions.