What are the unmatched Trades ? How to correct them?

Unmatched Trades are generated as you manually enter or import erroneous transactions and these are displayed in RED OR GREEN. You can see unmatched trades during the importing process or in the trade grid after you have manually entered the erroneous transactions.

Example of Unmatched Trades appeared in importing process

Example of Unmatched Trades appeared in Trade Grid

Red records indicate the erroneous transaction:

a. If there is no position on hold, a close action (Sale to Close, Buy to Cover) will generate errors.
TradeMax allows you use “up” or “down” button to adjust the sequence of the transaction records traded on the same day by moving up or moving down the transaction records.

b. When an option is exercised or assigned, and the strike price of the option doesn’t match the underlying stock trade price.
c. When an option is exercised or assigned, the quantity of the option doesn’t match the underlying stock trade quantity.
d. When the option expires, the close price is not zero.
e. Missing/Inconsistent Data fields by using Qty, Price, Commission, Fees and Rate information.

Green records indicate the closed transactions which closed (A Sale to Close, a Buy to Cover ) all your holding open position.

a. When dealing with this erroneous transaction during theimporting process, you can activate the checkbox of Short Transaction Detection, BuyCover&long /Sellshort&short Trans Detection, Reverse Same Day Transaction,  and use the Up or Down button to adjust the sequence of the trade or adjust the action, quantity to correct these errors according to the cause of the unmatched trades.

b. When dealing with the erroneous transactions in Trade Grid, you can manually adjust the action, quantity, sequence of the trade to correct these errors.

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Q: When I look at my unmatched quantity report I notice that almost all the trades that are unmatched are trades that I buy and then sell stock on same day or are trades that involve a short sale. Is there an application I can use to adjust for these trades?

Part I:Short Sale: Please verify the field called Action. If you buy share, the Action must be O/L. If you sell share, the Action must be C/L. If you short share, the Action must be O/S. If you cover a short position, the Action must be C/S.

Part II: buy and then sell stock on same day: Can you check the trading time of each transaction? Many Brokers, including Scottrade, lack of trading time on their statement. If broker’s statement indicates that you have multiple buy and sell in same day, with same trading time(00:00:00), How can TradeMax tell which one comes first? However, during the designing of TradeMax program, we have predicted this scenario and provided a solution. TradeMax’s TradeTime field is editable. You can set value in TIME field or use “up” or “down” button to adjust the sequence of the transaction records traded on the same day to tell TradeMax the sequence of trades, so those unmatched transactions can be properly matched.

One more tip: When you placed a limited price order, e.g., you wanted to sell 1000 shares at price of $10. Sometimes, your order was executed in multiple transactions, e.g. a 100 shares, a 100 shares, a 200 shares and a 600 shares. Scottrade would list 4 transactions on your statement. If your memory is confident your order was a 1000 limited price order, you should use consolidate transaction function in TradeMax to consolidate 4 transaction into 1 transaction. That will gain your benefit when IRS’s Wash Sale Rule applies.