If you've ever had a Negative Shares Error occur in your TradeLog file then you've probably wondered what to do. We have a resource in the TradeLog help file to assist in identifying and resolving negative shares quickly: the Negative Shares Error Checklist.
First thing every TradeLog user needs to know is what a negative shares error is. When your data file has more shares or contracts closed than you have open for a particular position, this causes a negative shares error. Obviously, it is not possible to close more of a position than you have open, thus TradeLog recognizes something is wrong and must be fixed. DON'T JUST IGNORE A NEGATIVE SHARES ERROR!
There are various factors that can cause a Negative Shares Error. The Negative Shares Error Checklist guides you through a series of checks to identify what may be causing your error - and then provides the information on fixing the problem!
To quickly find the checklist in TradeLog do this: click F1 on your keyboard (or go to Help > User Guide). The TradeLog User Guide window will pop open. On the left side click on Search and type "negative shares checklist". The checklist topic will come up in the results as you can see in the image to the right. You can follow the checklist on your screen, or some users like to print this out as a worksheet (click on the Print button for that). The checklist lists the most probable causes in order and you will notice links to other sections of the user guide for resolving the problem once identified.
Remember, if you get stuck don't get frustrated! Contact our support team by sending us an online support request. We can provide you the guidance you need to get back on-track quickly.
Please note: This information is provided only as a general guide and is not to be taken as official IRS instructions. Cogenta Computing, Inc. does not make investment recommendations nor provide financial, tax or legal advice. You are solely responsible for your investment and tax reporting decisions. Please consult your tax advisor or accountant to discuss your specific situation.