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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: bazan who wrote (14561)	2/22/2000 7:52:00 AM
From: sammy levy	Respond to of 59879

Re entering "short" trades. (I thought i posted this earlier) I found a quicken "thread" and posted the problem. Got a reply from Dale,a quicken staffer.So here it is:Sammy, Short sales can be entered into Turbo Tax as you would expect, enter the date acquired as the date you covered the short and the sale date as the date you opened the short position. Investment data is transferred from Quicken into Turbo Tax via TXF files. TXF files are created in Quicken by first creating a Capital Gains report and then using "export" from the tool bar. As Tom and others have pointed out, Turbo Tax objects to short sales in the TXF file and requires that they be re-entered manually. I am personally working on a quickfix program to adjust this file and I will make this available to people who send me a personal message (PM). Through investigating this issue I have also discovered a problem which I will share in an effort to help others. If transactions are entered out of chronological order and particularly "mismatched". you can end up with invalid data. Example, If I enter a buy on 2/1/99 and enter the sell on 10/1/99 I could then enter an additional sell on 9/1/99. The application accepts the 9/1/99 sell as the sell for the lot purchased on 2/1/99 but it does not then create a short position for the lot sold on 10/1/99. If you create a cap gains report you will see two complete lots bought and sold, in effect doubling your gain or loss. These problems arise fro trying to automatically creating the lots from the transactions but since the transactions are not entered in the order the lots were actually created, the lots can become confused. The work around is simply to enter the transactions in the order that they occured. Hope this helps. Dale

To: bazan who wrote (14561)	2/22/2000 8:50:00 AM
From: stock talk	Read Replies (3) \| Respond to of 59879

Just to offer a "balanced" view on greed, there is nothing wrong with letting your profits run to your trade plan target. What I'm talking about is when your trade plan called for a point, you get your point and excute a sell order, then the stock runs 20 points and you do a "woulda, coulda shoulda", then it affects your future trading performance as a result(mind game). Unless your trading plan called for a 20 point run from your entry point you had no business being in the trade after your target was hit, the rest is just rear view mirror greed. In my trading career, I've had 3 home runs(10+ baggers) , 1/2 dozen triples, couple of dozen doubles, and (I'm guessing here) maybe 8,000+ singles. I try to look for a 3 to 1 ratio on my trade, another words if I am willing to risk a 1/2 loss in a trade my sell target is 1 1/2 on a one position trade, less if I have several positions open in the same stock.