The Greeks
What are options?
Risk & Reward
Volatility
Option Selling Strategies
Assignment
Practical Tips
Recommended Books
Grouping positions
Position Naming and Strategy Tracking
How delete a transaction
Handling Options During a Stock Split
Automatic strategy categorization
Position Audit
Creating and managing Books
How to read a position
Quickly Close or Expire a Position
Editing trades
WealthBee is an investment tracker designed for investors and traders who actively manage their investments. By bringing tools once reserved for institutional traders to retail investors, WealthBee supports equities/stocks, options, and futures.
Why Use WealthBee?
Consolidation of Investment Data: Aggregate information from multiple brokerage accounts, family member accounts, or client accounts into one place.
Management of Complex Trades: Efficiently handle trades with multiple legs, such as in options trading or hedging.
Journaling: Take notes on your trades and document your rationale for executing them.
In this getting started guide, we will walk you through the basics of setting up your account and importing trades.
Signing Up
We only require your email and password. Your password is hashed, a secure form of encryption, ensuring it cannot be stolen from our website.
Tutorial
Upon your first visit, you will be guided through a tutorial. This will help you upload your trades and name your portfolio.
Navigation
WealthBee consists of several sections: Positions, Transactions, Cashflows, and Settings.
Positions: The positions page displays your trading positions based on instruments. A position comprises transactions. For example, Apple equity would be its own instrument, and any shares you own in Apple would be added to this position. Buying 100 shares of Apple creates an open position of +100; selling 100 shares closes it at 0, and shorting 50 shares creates a position of -50. The same logic applies to options, such as the January 1, 2025, $100 strike Call on Apple. More details are available on the dedicated positions page in the menu.
Transactions: The transactions page displays all transactions that constitute positions. This page serves as a ledger and allows you to allocate transactions to books and positions easily. You can also add notes and tags here. More details are available on another page.
Cashflows: Cashflows, imported from broker files, include money transfers, interest, tax, and dividends.
WealthBee is a trading journal and platform that helps you track your investments, monitor your portfolio, and analyze your performance. It is designed to be easy to use, intuitive, and powerful for both beginners and experienced investors.