What Is Position Plan Status and What Does It Check?
Checks this holding against your own stop, target, single-position limit and strategy trim and exit conditions: needs action, watch or on plan. No score, and no view on the stock.
Plan status answers one question: is this holding still inside the plan you set? It checks the position against things you chose and lists which one it has reached, in your own numbers. It gives no score and no view on the stock itself.
What it checks
- Stop and target: the levels you set when logging the entry; if you edited them in the dashboard's Position risk panel, the edited levels win. With several open entries for one stock, the most recently opened one is used.
- Single-position limit: the per-position cap under Position sizing in settings, measured as a share of total assets (holdings value plus cash). It is 25% if you never set it.
- The active strategy's trim and exit conditions: whether the strategy currently active for this market shows a trim or exit signal on this stock.
The three states
| State | When |
|---|---|
| Needs action | The price is at or below the stop, or the active strategy's exit conditions are met |
| Watch | Within 3% of the stop; no stop on record; no price this scan, so the stop cannot be checked; at or above the target; over the single-position limit; or the active strategy's trim conditions are met |
| On plan | None of the above; shows how far the price is above the stop |
A holding can reach several at once, and the card lists every one, most urgent first. The 3% line is the same one the dashboard's Position risk panel uses.
What it does not do
- Judge the company or forecast the price. It only checks whether a line you drew has been reached.
- Decide for you. "Needs action" means your plan already covers this situation; carrying it out is up to you.
- Read momentum or the loss itself. A stock down 6% but still well above its stop is on plan; a holding with no stop is a watch however well it is doing.
Why it is no longer a health score
This used to be a 1–10 "position health" score weighting RSI 40%, unrealised P&L 40% and concentration 20%. The weights were ours, not yours, and lower RSI scored higher, so a holding falling hard could read "healthy". A number out of 10 also reads as a rating of the stock. Plan status uses only what you set and names whichever line was reached.
In Stock Compass
It appears on holdings only. The card shows a line such as "◉ Plan status · Watch", with the specific findings listed under it; hovering explains what it checks. In beginner mode only Needs action and Watch are shown; On plan appears once all metrics are expanded. The watchlist can be sorted by "Plan status (needs action first)": needs action, then watch, then on plan, nearest the stop first within each state, with no-stop holdings after those that have one. It can also be filtered to a single state.
Filter presets saved before the change are converted: healthy becomes on plan, attention becomes watch and warning becomes needs action; a preset sorted by health now sorts by plan status.
Stops and targets are set in the dashboard's Position risk panel; for how large each position should be, see position sizing; unrealised P&L is measured against your net cost basis.
FAQ
The stock has fallen a lot. Why is it still on plan?
Plan status does not measure the fall, only the lines you set. If the price is more than 3% above your recorded stop, inside the position limit, and the strategy shows no trim or exit signal, it is on plan. How far below the price the stop sits is up to where you set it; it can be changed in the dashboard's Position risk panel.
I have no stop recorded. Why is it always watch?
A holding without a stop has no exit decided in advance for a fall, which is a gap in the plan, so it reads watch rather than on plan. Once you set a stop for it in the Position risk panel, the status checks against that stop.
Does it use the stop I edited or the one at entry?
The stop in force now, so an edited level wins, the same as price alerts and the Position risk panel. The execution record still measures against the entry plan, so lowering a stop after the fact cannot erase a breach.
Does needs action mean I should sell?
It gives no instruction. Needs action only says a line you wrote down has been reached: the price is at the stop, or the strategy's exit conditions are met. How to act on it is up to your own plan.
Definition only — not investment advice.