I'm looking for recommendations on ways to keep track of my trades.
There are several features that I would find lovely: support for multiple brokerage accounts, cash held in different currencies, server backend for multiple users (say you have 1-5 people doing accounting, including or excluding yourself), tax allocations (allocate PnL to variably-timed cash flows from accounts with different underlying tax attributes, for tax reporting e.g. Schedule K-1, Form 1065), basic double-entry accounting to keep track of capital contributions and redemptions, organization assets and liabilities.
I'll like to know everyone's responses, although especially those of you who manage funds. What do you use, e.g. Ninjatrader only, Excel spreadsheet, GnuCash Quickbooks Premier, SAP, Advent, sage etc.?
Edit P.S.: I just got back from Tokyo! Any Boston-area futures.io (formerly BMT) members here? (:
Last edited by artemiso; August 20th, 2012 at 10:32 AM.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
The following user says Thank You to Big Mike for this post:
I want to use this existing thread to ask my question, because my question is similar. To watch and control some automatic strategies which are spread at different VM's and brokers i need to build my own control tool to visualize whats going on. I've seen some screenshots from HFT related tools (i think artemiso has posted some) which are showing the current state of the strategy and the last results.
I want to show the results, the state of some internal strategy variables and some statistics for a bunch of system entities. My question is if anybody knows tools with an excellent user interface which is targeting any of my points. I want to get ideas to build my own one and looking for examples.
Thanks MrYou, but the data transmission isn't the question here. There will be a direct SSL secured TCP connection from every hosting system to the central application. I forget to mention that this should be also a bidirectional connection, to change the system at runtime. My question belongs to the GUI part only. I don't want use R for these purposes.
If you are recording trades as a learning tool, not just as an accounting function, I suggest keeping track of the trades you don't take as well (assuming that you use some degree of discretion in your trading).
I keep a 'passes sheet' along with my trade cards so I can assess the universe of all the trades I considered, not just those I took. Just tracking trades you take opens you up to survivourship bias. It can be very illuminating to compare the live vs passed trades - although you do have to make certain assumptions regarding outcomes of those trades you passed on.
The following user says Thank You to mokodo for this post: