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Non-Tech : MB TRADING

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To: William W. Dwyer, Jr. who wrote (1025)9/6/1998 12:02:00 PM
From: Gary Korn  Read Replies (1) of 7382
 
Bill,

See my corrected post. You are right, Quicken does allow changes to both the buy and sell sides, so thanks for that advice!

I don't use Fido's web site for trading. Can't be done. I only use it during the day to confirm that I'm flat between trades and, at night, to get my trade information (with comm'n, fees) for inputting to Quicken.

As I'm going to full time trading, I'm really trying to avoid taking new long term positions. I've got a few exisiting positions that I'm unwilling to sell. The Fido web site is fine for these kinds of trxs.

I do the Quicken stuff at midnight, when the Fido web site has the data I need. Yeah, it is unproductive, and during the day I dread having to run INTC trades 5 times until a winning run comes up, cause that means lots of data entry that night. It may be that tracking this stuff on Quicken is just a bad idea. Maybe starting in 1999, and assuming I keep up this day trading program, I'll only update Quicken with the monthly net balance amounts, then just give the brokerage statements to my CPA for tax purposes (there is no way, even this year, that my CPA will list all my trades anyway).

Best,
Gary Korn
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