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vikana
Moderator
Registered: Apr 2001
Posts: 1555 |
10-03-05 10:35 PM
Quote from optionpro007:
Vikana:
As a position trader, trading options on the long side only, do you know or think it would work for my style of trading ?
Is futures also an issue with Quicken?
Or is there a better bookeeping system to work with IB ?
Thank you very much for your help and/or any suggestions you may have.
I gave up on Quicken for my trading. I have used quicken for my personal finances since 93, so this was "hard" to do. If you do LONG-ONLY, I believe Quicken will work for you, as long as you take extreme care with any positions you sell on the same day you buy (make sure that the sale shows up after the purchase).
For futures, you'll have to set the number of shares to the multiplier*numcontracts, which is not a big deal.
I now use TradeLog. It's sort of expensive for what it does, but I just don't feel like "fiddling" with the quicken imports for hours each month.
I have had very few problems with TL, all of which has been addressed quickly.
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a5519
Registered: Jul 2002
Posts: 211 |
10-04-05 08:04 AM
I have been using TradeLog for about two years.
My experience: AVOID !!
The program is written by a software amateur.
Only as an example. Because I have used non US-based date format it was necessary to switch regional settings before using the program.
It uses parsing of plain IB web pages to extract the data. Because IB constantly changes the layout of repots this SW had constantly problems to stay up to date with these changes.
Trading analysis part is absolutely inadequate, particularly if the price of this SW is taken into account.
For accounting/trading analysis I would reccomend one of the programs for which the data is provided in XML format. You can see these programs on IB statements page by examining possible report formats.
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DT1
Registered: Dec 2002
Posts: 200 |
07-22-12 10:45 AM
Try 'see finance'. It is the only personal finance software I tested that can import accurately IB ofx files.
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Aisone
Registered: Oct 2006
Posts: 171 |
07-27-12 12:43 AM
Since quicken advertises that they listen to their customers, about 6 years ago I asked them to better support daytrader's stock trade methodology so that trades can be added up, instead of the current method of matching up all buys and sells and to account for capital gains taxes. Needless to say, they haven't done anything, which sums up the whole program in general over the last decade.
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DT1
Registered: Dec 2002
Posts: 200 |
07-27-12 06:38 AM
Quote from Aisone:
Since quicken advertises that they listen to their customers, about 6 years ago I asked them to better support daytrader's stock trade methodology so that trades can be added up, instead of the current method of matching up all buys and sells and to account for capital gains taxes. Needless to say, they haven't done anything, which sums up the whole program in general over the last decade.
I trade on multiple markets and, as far as I know, no personal finance software is able to handle properly accounts with investments in multiple currencies. Quicken, Money, MoneyDance, iBank.. (I tested them all) cannot. 'See finance' could not initially but the developers develop a simple solution that would allow me to import accurately all my IB statements. I trade hundreds of stocks and now my IB imports are accurate.
From what I can see, the intraday trades are not matched. You'll have to test it by yourself though. I don't think they have tax reports but I think they could develop quickly a report for you. The only thing that could bother some potential users is the software is only available on Mac.
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