Record Your First Trade

1

Create Account

2

Add Trading Account

3

Record First Trade

Quick Overview

Congratulations on setting up your SyncTrade account and adding your first trading account! Now it's time to record your first trade. This guide walks you through the complete process of adding a trade with multiple executions, which is how SyncTrade organizes your trading data for precise tracking.

Time: 3 minutes (Record your first trade manually)

SyncTrade uses a unique trade structure where each trade can contain multiple executions (buy/sell transactions). This approach provides better analytics and matches how professional traders track their positions.

Manual Trade Entry Process

Step 1: Access the Add Trade Function

From your trades dashboard, initiate the trade entry process.

• Navigation: From Trades page → Click "Add Trade" button (blue button in top-left)
• Result: "Add New Trade" dialog opens with trade setup fields

Click the blue 'Add Trade' button to start recording a new trade.

Step 2: Set Up Trade Basics

Configure the fundamental trade information in the "Add New Trade" dialog.

Instrument Symbol

• Field: "Search for an instrument..." dropdown
• Action: Type the stock symbol or company name (supports Indian equities only)
• Examples: Type "RELIANCE", "TCS", "INFY" or company names
• Auto-complete: SyncTrade will suggest matching Indian stocks as you type

Instrument Exchange

• Default: NSE (National Stock Exchange)
• Options: NSE, BSE (Bombay Stock Exchange)
• Note: Most Indian equities trade on NSE

Trading Account

• Field: "Select trading account" dropdown
• Options: Choose from accounts you previously added
• Examples: "Dad's - Zerodha", "Pooja's - Zerodha", "Mom's - Groww"

Channel (Optional)

• Field: "Select a channel..." dropdown
• Purpose: Organize trades by strategy or category
• Examples: "Dishant" (trader name/strategy)

Fill in the basic trade information before adding executions.

Step 3: Add Your First Execution

After setting up trade basics, you'll add the actual buy/sell transactions (executions).

• Action: Click "Add Execution" button in the Executions section
• Result: Execution details form appears

Click 'Add Execution' to record your buy or sell transaction.

Step 4: Enter Execution Details

Fill in the specific transaction details for your execution.

Execution Type

• Options: Buy or Sell
• Selection: Choose from dropdown menu

Price

• Field: Enter the execution price per share
• Format: Decimal numbers (e.g., 0.01, 150.75, 2500.50)

Quantity

• Field: Number of shares bought or sold
• Format: Whole numbers (e.g., 1, 10, 100)

Fees

• Field: Enter brokerage and other charges
• Auto-calculation: May be pre-filled based on your account settings
• Format: Decimal numbers (e.g., 0, 15.50, 23.60)

Date

• Field: Date picker with dd-mm-yyyy format
• Default: Usually today's date
• Validation: Cannot be a future date

Complete all execution fields with accurate trade information.

Step 5: Review and Save

Complete your trade entry and verify the information.

• Review: Check all execution details for accuracy
• Save Execution: Execution will be added to the trade
• Final Save: Click "Submit" button to save the entire trade
• Cancel Option: Use "Cancel" if you need to abort the process

Step 6: Verify Trade in List

After saving, confirm your trade appears correctly in the trades list.

• Location: Main trades page
• Columns: Instrument, Channel, Broker Label, Net Quantity, Current Price, Net Profit/Loss, ROI, Status
• Status: Will show "Open" or "Closed" based on your position
• Actions: Edit button available for modifications

Your new trade appears in the trades list with calculated P&L and ROI.

Understanding Trade Structure

Trades vs Executions

• Trade: Overall position in a stock (e.g., "APOLLO position")
• Execution: Individual buy/sell transaction within that position
• Benefit: Track multiple entries and exits for the same stock accurately

Example Scenario

1. Create trade for "RELIANCE"
2. Add execution: Buy 10 shares at ₹2,500
3. Later add another execution: Buy 5 more shares at ₹2,600
4. SyncTrade calculates combined position automatically

Validation Rules

SyncTrade ensures data accuracy with these requirements:

• Instrument Symbol: Must select from Indian equities database
• Trading Account: Must select from your configured accounts
• Execution Type: Must choose Buy or Sell
• Price: Must be positive number greater than 0.01
• Quantity: Must be positive whole number
• Date: Cannot be future date
• Fees: Must be non-negative number

Best Practices for Indian Stock Trading

Symbol Search Tips

• Use official NSE/BSE symbols (e.g., "RELIANCE" not "RIL")
• Try company names if symbols don't work (e.g., "Reliance Industries")
• Most large-cap stocks are readily available in search

Execution Recording

• Record trades same day for accuracy
• Include all charges (brokerage, STT, stamp duty)
• Use exact prices from your broker's contract note
• Add notes for strategy or reasoning

Account Organization

• Use descriptive trading account names
• Consider separate accounts for different family members
• Utilize channels to group trades by strategy

What's Next

What's Next?

Explore Trade AnalyticsImport Trades from Broker

First Trade Checklist

• Trade created successfully ✅
• Instrument symbol selected from Indian equities
• Trading account selected
• First execution added with Buy/Sell details
• Price and quantity entered accurately
• Fees calculated correctly
• Trade appears in trades list with correct status

Tips for New Users

• Start Simple: Record one straightforward equity trade first
• Use Major Stocks: Try large-cap stocks like RELIANCE, TCS, INFY for easier symbol search
• Check Your Broker: Verify details against your actual contract note
• Multiple Executions: You can add more buy/sell executions to the same trade later

Troubleshooting