To accompany your rationale provided with each trade, the "Strategy" field is meant for you to provide more detail behind your decision-making.

Below we've provided some definitions that may be useful for navigating the use of this field.

Valuation - believe the market has undervalued (overvalued) a stock. Selected stock is trading for less (more) than its intrinsic value.

Earnings Upside - expect potential increase in earnings per share (EPS), typically used when you long a stock. EPS is an indicator of a company’s profitability, and is calculated by the following formula: EPS = (net income - dividends on preferred stock) / average outstanding shares.

Earnings Downside - expect potential decrease in earnings per share (EPS), typically used when you short a stock or sell part or all of a long position. EPS is an indicator of a company’s profitability, and is calculated by the following formula: EPS = (net income - dividends on preferred stock) / average outstanding shares.

Sales Upside - expect a potential increase in a company’s sales, resulting in a positive movement in price, typically used when you long a stock.

Sales Downside - expect a potential decrease in a company’s sales, resulting in a negative movement in price, typically used when you short a stock or sell part or all of a long position.

Technical - expect the continuation or reversal of a price trend based on technical indicators such as volume

Event-driven (company-specific) - expect a change in price based on the outcome of an event (the results of a pharmaceutical company’s drug trial, the announcement of an acquisition, changes in management)

Event-driven (geopolitical or economic) - expect a change in price based on the outcome of an event (i.e. a presidential election, changes in international trade agreements, political referendums, changes in domestic and international policy, changes in fiscal or monetary policy)

Macroeconomic Indicators - expect change in price based on figures such as GDP, consumer confidence, initial jobless claims, new home sales, etc.

Thematic - expect a change in price based on a broader thematic view (i.e. investing in a healthcare company based on a view of increased longevity)

Diversification - increasing or reducing a position to increase diversification of holdings

Concentration - increasing or reducing a position to increase concentration of holdings in a certain company or industry

Hedge - for the purpose of mitigating the risk of another trade [include what trade you are hedging in one-liner]

Cash (profit-taking) - reducing or eliminating a position to convert to cash, so as to benefit from an increase in price of the security

Cash (loss-mitigating) - reducing or eliminating a position to convert to cash, so as to limit future potential losses

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