Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (597)	6/12/1999 8:04:00 PM
From: -	Read Replies (1) \| Respond to of 18137

<how do you keep accounts on all of your trading?> A system of custom-designed Excel spreadsheets. You can setup an Xxcel workbook (file) with a worksheet for each account. Excel will handle over 500 worksheets per workbook. There are, of course, many ways to arrange things. Some traders like to link live prices into spreadsheets using DDE. You'd probably be interested in one of my prior posts regarding "The Equity Curve" - for some additional, related info. For intra-day tracking, within RealTick III and other direct access software, there is generally real-time P&L tracking for each position. -Steve

To: peter michaelson who wrote (597)	6/13/1999 9:12:00 PM
From: Eric P	Read Replies (1) \| Respond to of 18137

Peter: I am very eager to learn how all you professional, active traders keep accounts on all your trading? I am not as active as many daytraders, currently making 200-500 tickets per month. I input all of my trades into Quicken each night, as well as input the trades into an Excel spreadsheet to track the profitability of the various systems I trade. During the day, the custom program I use keeps track of all of my positions. I have, at times, had as many as eight open positions simultaneously. Typically, though, I will only have 0-3 trades open at a time. I hope someone answers this, because I have a tough time keeping close track on a real-time basis. If you have trouble keeping track of your current positions during the day in realtime, then I believe you are holding more positions than you should be. You need to be able to give each position all of the attention it needs or your trading will certainly deteriorate. Just my opinion, and maybe I misunderstood your post. Good Luck, -Eric