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Active traders generate a large volume of trade transactions and therefore require an automated import capability.
Investors may not generate as many transactions, but still benefit
greatly from automating their trade accounting.
TradeLog™ users have the ability to import from over
35 different online brokers.
These are direct imports. No need for reformatting or using Excel spreadsheets. No limit on the number of records imported at any one time.
Imagine importing an entire year's worth of trade history with just a few clicks of the mouse.
The savings in import time alone can literally pay for the program many times over! |
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Most traders recognize the need to keep close track of their trading gains and losses. With the current market
volatility, it's easy for your profits to evaporate before you know it.
TradeLog™ enables you to keep your finger on the pulse of your trading performance and your overall profit and loss.
As your trades are imported, profit and loss is automatically calculated for each trade and for the entire year.
Run a quick report to chart your performance for a specific type of investment, chart your daily, weekly or monthly profit
and loss or see your equity curve. |
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There are many personal finance and tax software programs in the market which are designed for the masses.
Most offer some capability to manage investments but are very limited in their ability to handle a large number of
trade transactions such as those required by a stock day trader.
None of these programs calculate wash sales
for odd lots and short sales correctly.
As a matter of fact most of these do not calculate wash sales at all!
For the active trader, the amount of manual work required to get trades matched properly, your capital gains or losses
calculated, and all necessary wash sales calculated for entry on an IRS Schedule D makes the use of these programs prohibitive.
Do you trade Options?
In addition to calculating wash sales for stock trades, TradeLog™ properly calculates wash sales between what the IRS
refers to as "substantially identical" securities, such as options on the same underlying stock. |
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The tax year comes to an end. You now face the daunting task of filing your taxes.
By now you have accumulated hundreds or even thousands of trades, all of which need to be properly matched and recorded on the
IRS schedule d.
You know that some are short sales, but your broker does not identify these on your statements.
To make matters worse, the 1099 that your broker provides at year end
does not match sales with purchases and does not include positions
purchased in previous years. How can anyone properly
calculate their short-term gains and losses from this data?
TradeLog™ gets its information right from the source.
Every transaction executed in your broker account during the year is imported at your convenience
via our stock day trader software.
At year end, simply run a report detailing your trading and gains and losses, attach it to your IRS Schedule D and file your taxes! |
