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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: the options strategist who wrote (37259)	3/24/1998 6:21:00 PM
From: j g cordes	Respond to of 58727

Jen, the excel spreadsheet should do fine. For me the most important aspect of accounting is having stops that are live to the price and to the time you expect to meet your expectation. Also a continuous cash and margin accounting so that quick decisions can be made. I also calculate commissions to keep things honest, amazing how many times its off by 5-10 bucks, and rarely in my favor. Having live targets, knowing your amunition and having a wish list or watch list if you will, at the ready makes the most efficient use of capital. Last note... I divert taxes as they are made into an interest bearing account so as to not get surprized. It may dry my leverage but I know I'm playing with my money. Jim

To: the options strategist who wrote (37259)	3/24/1998 6:24:00 PM
From: Hawk	Read Replies (1) \| Respond to of 58727

Jen I do a lot of trades and keep my accounting on Lotus (similar to excel) and have had no problems. I keep the cost, commissions, sales price and dates on it. It is easy to reconcile to my 1099-b. I use different colors to highlight information I need to stand out. Regards. H.