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Gary,
I have never done that, but I guess it could be a problem. When I enter trades into Quicken I never use the tax lot stuff. I'm basically just trying to keep track of my account balance (and buying power). The way I do it, it even allows me to later edit either side of the transaction, which I do when reconciling the account (monthly) if there is any error.
For someone doing lots of daytrades in a Fidelity account, I suggest there are better ways of doing it. For example, CyberTrader (and I presume M.B. Trading also), as well as Datek keep track of everything for you throughout the day. My biggest complaint with Fidelity is that it's website is very slow and tedious, relatively useless, you have to keep entering social security numbers, loggin back on, and so forth. With these other brokers, everything is pretty much done for you.
In other words, I use Fidelity (and Quicken) for my long term trading accounts (IRA's), and use special daytrading software from broker for the stuff I do intraday. That way, I spend a lot less time fooling around with Quicken, which I find particularly boring and unproductive. Would rather be studying the charts instead.
Good luck!
Bill |
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