You need at least one scoring model to take full advantage of portfolio monitoring. The "monitoring" function allows us to keep you posted about the changes in the scoring of your companies, that's true. 

But to do that, we must first know what exactly we should pay attention to (what rules you want us to follow). Hence, the requirement is to set up at least one scoring model beforehand. 

But don't worry, if it's too advance for you at the beginning, you can use one of our predefined scoring models as well. No matter the model you've chosen, the process of creating your first portfolio looks the same.

How to set up a new portfolio?

Go to the top menu, choose the Monitoring section, and click the + Create New Portfolio button

You'll see this screen:

Name your portfolio and select the Base Scoring Model you want to use to calculate and monitor changes in the scoring for your companies. 

The Monitoring-Only option, when turned on, means that you want just to monitor the changes in the scoring of your companies. In that case, all the functions related to position sizing and rebalancing your portfolio will be disabled. You will only see changes in the scoring. 

On the other hand, turning this function off will allow you to record the buy/sell transactions, help you to allocate the position sizes according to the desired method, and guide you through the monthly rebalancing process. 

We cover this topic in detail here: How to rebalance your portfolio? (available soon)

After naming your portfolio and selecting the scoring model, click the Create New Portfolio button. You'll be redirected to the main portfolio page, where you can add the first companies. You can do this either one by one or by typing many tickers separated by a comma or space. When you're done, click the Add button.

Your portfolio's main dashboard

After adding some companies to your portfolio, you should see something like this. Let's discuss it in detail.

  1. The Portfolio Monitoring part displays the total scores of your company, as well as a few default indicators that we've predefined for you and that we think are important. You can add your own data here (see function number 3)
  2. The Scores section in your scoring model displays the total scores from that model and the partial scoring from all of the categories you've defined in your model. To see the details of the rules applied in that model, click the configure icon (marked by number 7 on the screen above)
  3. Select the data dropdown menu allows you to add many additional financial indicators to the portfolio's view
  4. These shortcuts can open the following tools: Scores Breakdown, Company Profile, Master Chart, Multi Chart
  5. Receive Daily Updates sends you daily e-mails with a table view summarizing changes in the scoring in your portfolio
  6. Details – here, you can see additional details regarding your portfolio, such as the performance of the particular stock's price, next earnings date, or industry breakdown
  7. Configure the rules in your scoring model. Clicking here will redirect you to the model's settings page
  8. Portfolio settings – you can return to the settings page to turn on more tools for position sizing or rebalancing (you need to uncheck the Monitoring-Only box to do that).

More on that in the following article: How to rebalance your portfolio? (available soon)