Portfolio Management

Full Portfolio Review

This is the go-to workflow when the user asks "how's my portfolio" or similar.

1. Check session: ig_session_status
2. Get account info: ig_accounts -- note available balance, equity, margin used, total P&L
3. List positions: ig_positions -- get all open positions with market data
4. Summarize:
   • Total number of open positions
   • Total unrealized P&L (sum of each position's P&L)
   • Margin used vs. available
   • Breakdown by direction (long vs. short count and value)
   • Largest winning position and largest losing position
   • Any positions without stop-losses (flag as risk)

Present as a clean table:

| Market        | Direction | Size | Entry   | Current | P&L     | Stop   | Limit  |
|---------------|-----------|------|---------|---------|---------|--------|--------|
| FTSE 100      | BUY       | 2    | 7450.0  | 7520.0  | +£140   | 7400.0 | 7600.0 |
| EUR/USD       | SELL      | 1    | 1.0850  | 1.0830  | +$20    | —      | —      |

Account Health Check

Use when the user asks about margin, available funds, or account risk level.

1. ig_accounts -- get balance details for all accounts
2. Calculate and present:
   • Balance: Total account value
   • Available to deal: Cash available for new positions
   • Margin used: Total margin held for open positions
   • Margin utilization: (margin used / balance) as a percentage
   • Risk level: LOW (<30% margin), MEDIUM (30-60%), HIGH (60-80%), CRITICAL (>80%)
3. If margin utilization is HIGH or CRITICAL, recommend:
   • Closing losing positions
   • Adding stops to reduce margin requirements
   • Reducing position sizes

Exposure Analysis

Use when the user asks "what am I exposed to" or wants to understand portfolio concentration.

1. ig_positions -- get all open positions
2. Categorize positions by:
   • Asset class: Indices, FX, Commodities, Shares, etc. (derive from epic naming)
   • Direction: Net long vs. net short exposure
   • Geography: UK, US, EU, Asia (derive from instrument names)
   • Single-name concentration: What % of total position value is in each instrument
3. Flag risks:
   • Any single position >30% of total value = concentration risk
   • All positions in same direction = directional risk
   • All positions in same asset class = sector risk
   • No hedging positions = unhedged risk

P&L Report

Use when the user asks "how much have I made/lost" or wants a P&L breakdown.

Open P&L (Unrealized)

1. ig_positions -- calculate P&L per position from entry vs. current price
2. Sum total unrealized P&L
3. Show best and worst performers

Closed P&L (Realized)

1. ig_transaction_history with type ALL_DEAL -- for recent closed trades
2. Sum realized P&L from transaction records
3. Calculate win rate: (profitable trades / total trades) as percentage
4. Average winner vs. average loser

Combined Report

Present both together:

• Unrealized P&L: +/- amount
• Realized P&L (period): +/- amount
• Net P&L: combined total
• Win rate on closed trades

Position Rebalancing

Use when the user wants to adjust their portfolio allocation or reduce risk.

1. ig_positions -- current portfolio state
2. Identify what needs changing based on user's goal:
   • Reduce concentration: Close or trim largest positions
   • Reduce directional bias: Close some long or short positions
   • Add protection: Add stops to unprotected positions
   • Take profits: Close positions above a profit threshold
   • Cut losses: Close positions below a loss threshold
3. Present a rebalancing plan as a list of proposed actions
4. Wait for user confirmation before executing any trades
5. Execute trades one at a time, checking ig_deal_confirmation after each

Activity Review

Use when the user asks "what have I traded recently" or wants to review recent activity.

1. ig_activity_history with appropriate date range
2. Summarize:
   • Number of trades in period
   • Trades opened vs. closed
   • Markets traded
   • Any rejected deals (and why)
3. For deeper analysis, cross-reference with ig_transaction_history for P&L on closed trades

Calculation Reference

Margin Utilization

margin_utilization = (margin_used / account_balance) * 100

Position P&L (CFD/Spread Bet)

BUY P&L  = (current_bid - entry_level) * size
SELL P&L = (entry_level - current_offer) * size

Concentration

position_weight = abs(position_value) / sum(abs(all_position_values)) * 100

Safety Reminders

• Unrealized P&L can change rapidly. Always note that figures are as of the current snapshot.
• Margin requirements can change. IG may increase margin requirements during volatile periods.
• Weekend gaps can cause positions to open at significantly different levels on Monday.
• Do not recommend the user increase position sizes to "average down" on losing positions unless they explicitly ask and understand the risk.