Why do we remove shares from account?
There are times when you want to remove shares of a security from an account without affecting your cash balance. For example, if the security has been privatized, these transactions are different from Sells, and TradeMax provides you with such a function to better manage your account.
Follow the step-by-step wizard to remove shares from the account.
- Select the record from which you want to remove the shares.
- Right-click the selected record and select the Event Append in the context menu, then choose Shares Removed from Account in the dropdown list
- A dialog box will pop up:
- Type the information into the box:
- There are two kinds of transaction in the dropdown list: Shares Added to Account and Shares Removed from Account. The default Transaction depends on your location in previous step
- Select the Transaction Date with you mouse or enter with you keyboard
- Account is the account to which the selected record belongs .
- Security Name is the name of the security you selected. You can select security name from the dropdown list. If the security name didn’t exist in the dropdown list, you can select
to add a new one through editing the dialog box.Learn more about: Symbol box parameter - Enter the number of shares you’re removing
- In Notes field, you can enter some description or leave it blank.
- After checking the information, press OK to continue the process. You will see the following grid:
As you see from the picture, the new record is generated automatically. - You can cancel this action with the Undo Button in the trade tab.
