Free-carry map

Selling down to a free position

The average cost of the shares you keep, for any price gain and any amount you sell. The gold seam is break-even — your initial fully recovered, so the rest rides free.

Max price gain
1.0×  full cost 0  free −2.0×  profit
Price gain
100%
You sell
50%
Avg cost left
0.00×
Break-even. Your initial is fully recovered; everything you keep rides free.
Capital recovered: 100% of what you put in

Tap or drag anywhere on the chart to read off a point.

avg cost left = (1 − m·f) / (1 − f)  ·  m = price multiple, f = fraction sold