Let me start by saying that...
Most online brokers do not make it easy for their clients!
There are absolutely no standards for trade history reporting from one broker to the next. This presents a real challenge for any trader who wants to analyze his or her trade history.
How does one get their trades into some sort of trade analysis software or spreadsheet? How can this be done for several different brokers?
What do they provide?
Some brokers provide simple trade history reports while others provide very complex statements or reports which have so much HTML formatting that it makes it virtually impossible for any one to copy and paste the information into a personal spreadsheet! Few provide a comma or tab delimited text file or Excel file download, and even these differ greatly in column formatting.
A few brokers have interfaces to personal finance software programs such as Quicken or MS Money. But these programs were never designed to handle the volumes of trades made by the active trader, and most have serious limitations when it comes to properly matching these to IRS requirements.
Active traders need to analyze their profits and losses. Trades must be imported and matched. This needs to do be done simply and regularly if they are to ever get a handle on their trading gains and losses.
This may be the most overlooked problem facing active traders today.
David Eich, Author
TradeLog? trade accounting and tax software
http://www.armencomp.com/tradelog
When it comes to stock market trading it PAYS to... Read More
When we go to the circus we see a trapeze... Read More
The big bad bear is stirring again. So far he... Read More
As the man said, "I've got some good news and... Read More
Mutual fund investing is a lot like Thai cooking. Everyone... Read More
Do you own any mutual funds? In an IRA or... Read More
When purchasing mutual funds we are cautioned to read the... Read More
You must take the time once a month to review... Read More
On the 40 year journey through the turmoil of a... Read More
People are constantly asking me why is the stock market... Read More
How many times have you said to yourself, "I'd like... Read More
Never lose money in the stock market again. Yeah, I... Read More
Profitable day traders recognize that momentum trading is among the... Read More
What does it take to be a stock trader? It... Read More
There are many important things you need to know to... Read More
Let's first define insanity. It is doing the same thing... Read More
This is the continuing story of our two imaginary traders,... Read More
"Buy and hold" is one of the most heralded investment... Read More
I continually hear from economists, talking heads, other market letter... Read More
It is difficult to make money in a bull market,... Read More
For the last few weeks we have seen the stock... Read More
I have been trading for several decades and was an... Read More
We've all heard of the stock market and probably have... Read More
You remember (they show it on TV every year) the... Read More
Disclaimer: Please note that I do not necessarily purchase, own,... Read More
Antigo wedding limo ..Much like the middle child, mid-cap stocks have long struggled... Read More
If you go to Haiti or other places in the... Read More
Why? Because I am going to shatter your conventional wisdom... Read More
I have a 2-car garage. There are nice shelves on... Read More
There has been great condemnation recently because China has been... Read More
You have a lock on your house. You have a... Read More
There are many good penny stock investments available, which could... Read More
Let's assume that you want to make some serious money... Read More
When we go to the circus we see a trapeze... Read More
Maximizing a stock market investmentThere are several factors an investor... Read More
Have you seen all those big full page ads for... Read More
Well, not really. What I mean is I don't mind... Read More
In November of 2000 when the NASDAQ was trading at... Read More
If you have been watching the stock market at all... Read More
In his wonderful book, 'Multiple Streams of Income', best selling... Read More
For years I have been saying you must have a... Read More
I go to the Money Show every year to visit... Read More
When it comes to mutual funds, there is a lot... Read More
Spread trading is a technique that can be used to... Read More
We've all heard of the stock market and probably have... Read More
The broker told me not to sell because the mutual... Read More
The higher the market goes the more confusing are the... Read More
For some "long term" would mean holding a stock position... Read More
Stock trading remains a very competitive field and the stock... Read More
It's about time someone spoke the truth concerning outsourcing. The... Read More
Stocks & Mutual Fund |