Riviero Posted July 20, 2007 Share Posted July 20, 2007 What is the easiest and way of record keeping your trading so that one knows whether they are making money or not? I ask because I use E-Trade and because I sometimes do 6 or so trades a day, I'm not sure how to gauge my financial position. It would be great if someone out there could shed some light on the subject. Thanks Link to comment Share on other sites More sharing options...
ozeb Posted July 20, 2007 Share Posted July 20, 2007 I use Stock Doctor and that has a good portfolio section to it. Otherwise just write yourself a spreadsheet in Excel. I'm sure there are many other programs that others would suggest. Link to comment Share on other sites More sharing options...
glenview265 Posted July 20, 2007 Share Posted July 20, 2007 In reply to: ozeb on Friday 20/07/07 07:14pm Thanks for your info. Does stock doctor have a real time price feed or is it in 20 Min delay? Also is it expensive ? Link to comment Share on other sites More sharing options...
snakecatcher Posted July 20, 2007 Share Posted July 20, 2007 In reply to: Riviero on Friday 20/07/07 07:02pm If you can't guage your financial position then how can you expect to trade successfully! If you can't build something in excel then go and buy a commercial package - I would also take a good look around etrade as I am sure they have a position page which would show your holdings and enable you to enter purchase price so you can at least see your mark to market position Link to comment Share on other sites More sharing options...
ozeb Posted July 20, 2007 Share Posted July 20, 2007 In reply to: glenview265 on Friday 20/07/07 06:55pm See:- http://www.lincolnindicators.com.au/ It's more than a portfolio manager! Link to comment Share on other sites More sharing options...
Big O Posted July 20, 2007 Share Posted July 20, 2007 In reply to: Riviero on Friday 20/07/07 07:02pm I use an Excel spread sheets for end of day records, but use a cash book for during the day. I write in each trade eg company---units---unit price---Total/buy---Total/sell---running Total I know this is extra work but I always have a hard copy and know where I am. Link to comment Share on other sites More sharing options...
wolverine Posted July 20, 2007 Share Posted July 20, 2007 quicken personal. cheap and is also a fairly complete accounting package, budgeting tool, personal finance (bank statement, portfolio management etc) and cheap. Link to comment Share on other sites More sharing options...
Boggo Posted July 20, 2007 Share Posted July 20, 2007 I have tried a few and I believe you would be struggling to find better than this for $199 http://www.supertech.com.au/stockmas.htm There is an annual update fee is you want to keep it updated with the changes in the tax laws etc. Mike Link to comment Share on other sites More sharing options...
rsboyd Posted July 20, 2007 Share Posted July 20, 2007 For years I have used Microsoft Money which came as a component of the M Works CD disc. This does not do Invoicing if you are a business, but provides everything I need for Multiple portfolios updating daily, and all general banking for my budgeting and taxation reports, and any other reports you want to seek within it, in text or as graphs. Link to comment Share on other sites More sharing options...
denpal Posted July 21, 2007 Share Posted July 21, 2007 In reply to: Riviero on Friday 20/07/07 07:02pm Etrade has a portfolio page and an account position page as well - all you need is there. You can easily see how much you are making by looking at the change in total value of your holdings plus cash, daily or whatever. I also use the portfolio page to enter other non-Etrade holdings under a consolidated portfolio grouping. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now