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How to Close an Open Position

Overview​

Exit an active trade and realize your profit or loss.

Important Note​

⚠️ Tradelyser is a tracking and analysis tool, not a trading platform. You must close positions through your broker's platform (Zerodha, Fyers, etc.)

Steps​

1. Close via Your Broker​

  1. Login to your broker app/platform
  2. Go to Positions or Holdings
  3. Select position to close
  4. Click "Exit" or "Square Off"
  5. Confirm the order
  6. Position closed in market

Screenshot: Broker platform exit

2. Sync in Tradelyser​

If Broker Connected (Auto-Sync):

  1. Position updates automatically
  2. Moves to Closed Trades
  3. P&L finalized
  4. Wait 5-10 minutes for sync

If Manual Entry:

  1. Go to Open Positions in Tradelyser
  2. Click on position
  3. Click "Close Position" or "Mark as Closed"
  4. Enter exit price and time
  5. Save

Screenshot: Manual close in Tradelyser

3. Verify Closure​

  1. Check Trades Log
  2. Position now appears as completed trade
  3. Unrealized P&L → Realized P&L
  4. All metrics updated

Screenshot: Closed trade in log

Success!​

Position is closed and P&L is realized.

Closing Methods​

Full Exit​

  • Close entire position at once
  • All shares/lots squared off
  • Single exit price

Partial Exit​

  • Close in multiple parts
  • Scale out of position
  • Multiple exit prices
  • Average exit calculated

Screenshot: Partial exit

After Closing​

What Happens​

✅ Position removed from Open Positions
✅ Added to Trades Log
✅ P&L becomes realized
✅ Win/Loss recorded
✅ Statistics updated
✅ Dashboard reflects change

Trade Details Saved​

  • Entry date and price
  • Exit date and price
  • Holding duration
  • Gross and Net P&L
  • Brokerage and taxes
  • All notes and tags

Auto-Sync Behavior​

Connected Broker​

  1. You close position in broker
  2. Sync happens automatically (every 15-30 mins)
  3. Or click "Sync Now" for immediate update
  4. Position moves to Trades log

Manual Sync​

If auto-sync enabled but not updating:

  1. Go to Settings > Accounts
  2. Click "Sync Now" on broker account
  3. Wait for sync completion
  4. Position should update

Screenshot: Sync now button

Manual Position Closure​

For Non-Connected Brokers​

  1. Open position in Tradelyser
  2. Click "Close Position"
  3. Enter:
    • Exit Date: Date of closure
    • Exit Time: Time of closure
    • Exit Price: Actual exit price
    • Brokerage: Fees paid
    • Taxes: Taxes paid (if known)
  4. Click "Save"

Screenshot: Manual close form

Partial Closing​

Close in Stages​

Example: 100 shares position

  1. Close 50 shares first
  2. Update position quantity (50 remaining)
  3. Later close remaining 50
  4. Two separate trades created

Or: Keep as single trade

  • Average exit price calculated
  • One trade entry with weighted avg

Intraday vs Delivery​

Intraday Positions​

  • Usually auto-squared off at 3:20 PM
  • Broker closes automatically
  • Sync to see in Tradelyser
  • Check if stopped out or exited

Delivery Positions​

  • You control when to exit
  • Can hold overnight, days, weeks
  • Close when strategy says
  • Update in Tradelyser after broker exit

Quick Tips​

  • Always close via broker platform first
  • Sync or manually update in Tradelyser
  • Add notes about exit reason
  • Rate the trade execution
  • Review what went well/wrong

Exit Checklist​

Before Closing: ☑️ Check current P&L
☑️ Verify target/stop hit
☑️ Review your trading plan
☑️ Confirm market conditions
☑️ Not emotional decision

After Closing: ☑️ Verify closure in broker
☑️ Sync in Tradelyser
☑️ Add trade notes
☑️ Rate execution
☑️ Document learnings

Common Scenarios​

Hit Target​

  1. Close position in broker
  2. Sync in Tradelyser
  3. Tag as "Target Hit"
  4. Rate execution

Hit Stop Loss​

  1. Close immediately in broker
  2. Sync in Tradelyser
  3. Tag as "Stopped Out"
  4. Review and learn

Time-Based Exit​

  1. Exit at planned time
  2. Even if target not hit
  3. Follow time-based rule
  4. Document in notes

Emergency Exit​

  1. Close immediately
  2. Market reversal/news
  3. Update in Tradelyser
  4. Note reason

Next Steps​

Troubleshooting​

Position not closing in Tradelyser? Close in broker first, then sync
Closed but still showing? Click Sync Now
Wrong exit price? Edit trade to correct
Multiple partial exits? Create separate trades or use avg
Need help? Contact support@tradelyser.com