What these mean

Biggest gainers / Biggest losers

The homepage's "Movers" lists: the 5 stocks that went up the most and the 5 that went down the most by today's single-day % change. It only looks at one session, so it says nothing about where the price has been over the past few days.

Uptrend / Downtrend / Flat

The Signal column in the market scan table. It compares today's closing price to that stock's own 5-day moving average: Uptrend if today's close is above it, Downtrend if below, flat if equal. Unlike the Movers lists, this reads a short trend rather than a single day's move. A stock can be one of today's biggest losers while still showing an uptrend signal, or the reverse.

ETF

An exchange-traded fund: one unit holds a slice of a basket of stocks, bonds or gold, and trades on NGX like a share. ETFs are marked ETF in the market scan and count in the day's up and down numbers. NGX publishes no price history for them, so Baseline records one price a day from when it started tracking them. Their signal shows as "-" until there are 6 sessions of prices.

Do-not-buy patterns

Two price shapes that mark a stock as one to avoid. Both read closing prices only.

Staircase pattern

A stock whose price sits unchanged for long stretches (at least 4 in 10 trading days with no move from one close to the next) and then moves 10% or more in a single day. It usually means thin trading: the price is stale because the stock barely changes hands, then reprices suddenly once a trade finally clears. Stocks with this pattern automatically get a Do not buy recommendation in the market scan.

Snake and ladder pattern

A pump and dump. The ladder is several trading days in a row at the NGX's +10% daily limit. The snake is several days in a row at the -10% limit straight after it. Holders who bought on the way up are left with a fast loss and few buyers. This is also a Do not buy pattern.

It catches different stocks from the staircase pattern: a staircase stock barely trades, a snake and ladder stock trades hard in both directions. The market scan doesn't apply it automatically yet, so check the price chart for it yourself.

At risk

The money you still have in a position: everything you paid for it, minus what you've taken back out by selling. Gains and losses on the Portfolio page, and both flags, are measured against this.

Free-ride %

A gain threshold. Once the shares you hold are worth this much more than the money still at risk in them, the holding is flagged Free-ride. At +100% (the default), selling shares worth the amount at risk takes out every naira you put in and leaves the rest as house money.

Stop-loss %

A loss threshold. Once the shares you hold are worth this much less than the money still at risk in them, the holding is flagged Stop-loss as a reminder to consider cutting the position before the loss grows.

Rebalance

No single holding should be more than a set share of the portfolio's market value: 15% unless you change it on the Rules page. A holding above that is flagged Rebalance with the number of shares to sell, and roughly what they're worth, to bring it back under. The amount assumes the sale money leaves the portfolio, so the total shrinks along with the holding. Only holdings with a price today count toward the total.

Capital cap

The most of your own money to have at risk at once, set on the Rules page. It is compared with the At risk total on the Portfolio page. Once that total reaches the cap, it's flagged Capital cap: buy only with money taken out of other holdings, not new money. Free-riding takes your money back out, which lowers the total and makes room under the cap again. While logging a buy, the form warns if the buy would take the total over the cap.

House money

Shares left after you've sold enough to take back all the money you put in. Nothing of yours is at risk in them, so they have no gain % and no rule flags, and their whole value counts as unrealized gain. A holding that is all house money is tagged House money: its row shows the shares and the price you paid for them, with "-" for At risk and Unrealized.

+ House money

A holding with house-money shares plus newer shares you bought with fresh money, tagged + House money. Shares counts both. Avg cost, At risk, the gain % and the flags are about the newer shares only, measured on their own, so the new money has to reach the free-ride threshold by itself. That's why Shares × Avg cost is more than At risk on these rows: the difference is the house-money shares. Click the ticker to see each trade and how the at-risk amount changed.

Average cost

The average price you paid per share, across every buy logged for that ticker. Selling part of a position doesn't change it. After a partial sale the gain % can be higher than price vs. average cost suggests, because the % is measured against the money still at risk, and the sale has already paid some of it back.

Unrealized P&L

The paper gain or loss on shares still held: what they're worth at today's price minus the money still at risk in them. It moves with the market and isn't locked in until the shares are sold.

Realized P&L

Money taken out of a position beyond what you put in, or the money lost when you exit below it. A sale first pays back the money at risk, so selling to recover your capital adds nothing here; only selling house money or selling for more than is at risk does. Unlike unrealized P&L, this doesn't change once a trade is logged.

Thesis / exit plan / exit reason

Free-text notes attached to a trade: why it was bought, what would trigger selling it, and why an exit actually happened. An exit can be the whole position or part of it. They're for the account owner's own record, not shown or used anywhere else.