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Non-Tech : GainsKeeper - Anybody tried it?
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To: John Crovelli who wrote (1)4/6/2002 10:46:23 PM
From: GTC Trader  Read Replies (1) of 4
 
John,

Thanks so much for your detailed input. It is very helpful. I need an automated way to generate Schedule D's because I have realized that I hesitate to use tight stop losses because I don't want to generate a lot of transactions. If I think $5 will hold and it doesn't, I console myself that $4.50 should hold and then it should come back. Why not take a small loss just under $5 and then see whether $4.50 holds or not to reconsider an entry? This has cost me dearly over the past few years, and it is not the taxes that is the real burden, but the paperwork ... the massive, calculation-intense paperwork.

Hopefully GainsKeeper will be the answer for us and many others, but I too am open for other suggestions.

If there are better tools out there, I hope someone will let us know.

Meanwhile, I am close to signing up for GainsKeeper this month for my 2002 transactions unless I encounter reasons not to.

Thanks again for your kind input.

Best regards - Ken
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