Adding a short sell

Use the Short Sell transaction type to record a short sell transaction. A short sell is like a buy, except that instead of purchasing shares of a stock that you think will go up in price, you borrow shares, sell them immediately, and wait for the price to go down.

When the price goes down, you buy the shares you've already sold (presumably at a lower price), and return the shares to the broker. This is called Buy to Cover.

To record a short sell

1. Select the investment account you want to use and click the Transactions tab.
2. Click the Transactions tab and then click the New Transaction icon in the register toolbar.
3. Select Short Sell from the Transaction Type list.
4. Add the information for:
   • Date - Enter the date of the short sell.
   • Security - Select the security for which you're short-selling shares.
   • Total Sale - Enter the total amount received by short-selling the shares.
   • Number of shares - Enter the number of shares purchased.
   • Commission - Enter the amount paid towards commission per share. Based on the amount entered as commission, the price per share is adjusted.
   • Memo - Enter the note you want to associate with the transaction.
   • Tags - Enter the tags that you want to use when searching for the transaction.
5. To add an attachment, go to the Attachments tab, click Add attachment and select the file you want to attach to the transaction.
6. Click Save when you are done.