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How do you enter a short sell?

IMPORTANT: If you do not have short selling functionality enabled, please read the following article before proceeding. (See article: How do you enable Short Sell functionality?)

Entering a New Short Position

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  • Navigate to the Portfolio Director
  • Select your Portfolio
  • Click on the Securities Tab
  • Under the heading 'Open Short Positions'
  • Click on the New Short Button
  • Enter the Trade details
  • Type in any Notes
  • Click Save

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Closing a Short Position

  • Navigate to the Portfolio Director
  • Select your Portfolio
  • Click on the Securities Tab
  • Under the heading Open Short Positions
  • Click on the Company or Code that you want to close
    (This will show you all the transactions for this company.)

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  • Under the heading Trades and Adjustments
  • Click 'New Covering Buy'
  • Enter the Trade details
  • Type in any Notes
  • Click Save

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Reports

There are no capital gains on short selling so they will not appear in the capital gains report. Proceeds of short sales are counted as income and the cost of covering buys are considered expenses in the financial year they occur. These income and expense transactions will appear in the income report.

Portfolio Manager - Short Selling

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