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Click on File, New.
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A popup dialog box will appear as follows:
Select the tax year you are currently working on from the drop down box.
You may also enter the year in the box.
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Enter a descriptive name for your brokerage account:
This name can be any name or description that you like such as: "Schwab - Account 1"
Note: Please do not include the year in your descriptive name, TradeLog will automatically do this
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If you wish to save this to another location on your hard drive you may do so by clicking the "Select New Folder" button.
Please DO NOT select a removable drive for this as TradeLog will use this location as the default location for all TradeLog data files!
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Click the OK button.
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If the file you just named already exists, TradeLog will ask:
A File already exits.
Do you want to overwrite this file?
If you answer YES to this, the existing file will be overwritten and previous data will be lost.
If you answer NO to this, you may start all over and use a different file name description.
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A popup dialog box will appear as follows:
Here you will need to select the broker that you wish to import from and the method in which you wish to do so. The default import method will display a list of options that are available for the broker you have selected. Press OK once you have made your selection.
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A panel will appear as follows:
NOTE: It will prompt for open positions from the year prior to the tax year you selected.
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If you have no open positions, hit the <Esc> (Escape) key on your keyboard twice to exit this routine. You may then begin importing your trades for the current tax year from your online broker.
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If you have positions held open from last year, then enter each opening transaction in the grid using the date of execution (trade date) and the actual price you paid for them. Please see Manually Entering a Trade for detailed instructions on how to enter each open position. TradeLog will automatically assign the proper trade number for you during the entry process.
NOTE: Users will only need to manually enter their open positions for the first tax year being reconciled in TradeLog. Every year thereafter, TradeLog automatically moves any open positions to a file for the following tax year during the End Tax Year procedure.
After entering each open position, hit the <Enter> key twice to save the new trade record to the data file.
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You will be prompted to:
Enter another position?
Hit YES to enter another, click NO to end the manual entry procedure.
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You will then be prompted to:
Save your changes?
Hit YES to save your changes.
Caution, if you click NO to this question, the last entry will not be saved.
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Once all of your open positions are entered, you are ready to begin importing the current tax year's trades from your online broker.
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The default location for TradeLog data files is: "my documents\tradelog"
(unless you have changed this to somewhere else on your PC)
Data files are identified with the file extension *.tdf.
