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short transactions

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Judy H

Jul 29, 2021 @ 05:14 PM

Unable to enter a Short transaction in regular trading account. Keeps changing transaction to a Sell transaction'

1. 1 Posted by dwg on Jul 29, 2021 @ 08:50 PM

   

   I'm a fellow user.

   I've tried short and cover transactions in Moneydance over the years, and I just entered a short transaction into the current release of Moneydance without problem, so I have not been able to duplicate your problem, the fact that it changes to a sell tells me you have securities in the account so it is not that specific problem.

   Can you enter a Short into another account without problem?

   I'm not aware of an issue with any specific version of Moneydance and this, perhaps providing your Moneydance error log may show something, at least it will tell us your environment.

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2. 2 Posted by JA H on Jul 30, 2021 @ 05:30 PM

   

   Thanks for getting back to me. I have other trading accounts and was
   able to record short transactions without any problems. The account I
   was having trouble with was a new one (and apparently very stubborn). It
   kept changing my attempt at entering a short transaction into an XFR.

   I don't know why, but later in the day I went back to it the transaction
   tried to put in the Short - and it worked! (Guess that account just
   doesn't like mornings!)

   All's good now!

   Thanks again,
   Me

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3. 3 Posted by dwg on Jul 30, 2021 @ 08:43 PM

   

   The part that was confusing was when you said it changed it to a Sell, but now you said it changed it to a XFR.

   When transationsn are changed to a XFR, in other words that is the only allowable transaction it would indicated that you have not associated any securities with the investment account, hence only transferring funds into or out of the account are the only valid transactions.

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4. 4 Posted by JA H on Jul 30, 2021 @ 09:33 PM

   

   OK - I forgot about that part. That was also in the morning. (crappy day)
   But you were right - this would have been my first transaction in the
   account - other than the deposit I made from one of my other accounts.

   I had never opened a trading account in Moneydance before. I just
   transferred my accounts from my Quicken program.

   When I first tried to enter this short transaction it did keep showing
   up as an XFR - probably just copying the transfer I made from Quicken. I
   don't know why it showed up as a Sell at first - probably because "e" is
   before "h" - so Sell is before Short! (That's my story and I'm sticking
   to it!)

   Sorry for all the trouble, but everything seems to be working fine now
   (I hope).

   jh
   (aka - Me)

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5. Maddy closed this discussion on Aug 02, 2021 @ 10:23 AM.