Hi Keith,
"Is it an accurate statement that you can not have more than one entry per week between price updates."
The simple answer is no. But to understand why the answer is no takes some understanding of how Newport works. Each activity in Newport is a separate event. If you trade the same stock 15 times in one week, each will be dutifully recorded in the Notepad and Newport will have calculated each event correctly. If you ADD shares and then trade 15 times Newport will again handle each transaction properly.
However, you have to realize that Newport was designed to produce graphs with a period of one week intervals. So, what value is Newport going to use for that graph? It uses the last value entered for the stock price. So, if you added shares at $15/share and then sold some later in the week for $18, Newport's going to plot the $18 value and ignore the previous value of $15. BUT ALL CALCULATIONS have been done correctly.
So, there was no need to back out the transactions. Each was taken as a separate event and AIM was updated properly in accord to those updates. (if you check the Notepad, you'll find that each event was recorded, even the backing out of the last trade) In other words, what you see in the "TRADE" window might be different from what is recorded in the Notepad. The info in the Notepad is what was acted upon in Newport's AIM guts.
There's been lots of discussion about the pros and cons of trade and review frequency. None of that has anything to do with whether Newport can handle it. It will. However, there's still the question of maximizing returns, but that's a different subject all together.
So, you did the right thing when you entered the data the way you did. It was not necessary to back it out. Newport knew what you were doing all along!
Best regards, Tom |
