Is it common with brokers that only offer paper (PDF) statements of your account/trading activities?

Discussion in 'Retail Brokers' started by Laissez Faire, Apr 12, 2022.

  1. Or maybe you're not a trader.
     
    #11     Apr 12, 2022
    murray t turtle likes this.
  2. Yeah, maybe.

    :)
     
    #12     Apr 12, 2022
    Laissez Faire likes this.
  3. %%
    LOL:D:D
    HOW on God's green earth would i keep up real time[in my head] with my P+L??
    SURE i know what about what is is 'cause i record my average cost[7 0r 8 positions + cash] + profit spots .
    But i have to keep up with so much stuff, health care scams, trends, bear trends , uptrends\ 200 day moving averages...................................................................................
    And sometimes 50dma, 50 week ma[Personal comments + trend comments]:D:D
     
    #13     Apr 12, 2022
    Laissez Faire likes this.
  4. Whaddaya mean? You're a trader*, aren't you? That's what traders do. :)

    *You're not like Bender (Futurama) are you... "you want me to do TWO things"??
     
    #14     Apr 12, 2022
    murray t turtle likes this.
  5. Yeah. That's a good point.

    I pretty muh day trade one futures market only. So keeping track of that roughly is not a big issue. Also, I can utilize account performance features in Ninjatrader which gives this data accurately for gross performance.

    But that's not what I'm asking.

    If I were trading multiple symbols like you seem to do I think it would be a nightmare to keep track of.
     
    #15     Apr 12, 2022
    murray t turtle likes this.
  6. %%
    Exactly;
    trade/invest, not photo memory of P + L, 7 or 8 positions.....................
     
    #16     Apr 12, 2022
  7. %%
    Quote LAfaire ''IS this the industry standard ??'' Sounds like that is less than the industry standard.
    It would be a night mare to keep track of penny profits; dollars losses+ profits are easier.
    SPXL =3X spy,
    SSO = 2x spy,
    TQQQ =3xqqq,[sqqq = 3Xqqq inverse]
    SPY=S&P 500 or 505LOL
    SPXU,SPXS = 3X inverse spy. But brokers have so much regulation to keep up with, i dont blame them for some mistakes:caution::caution: Good bear rally in SPY, cant even close above 200dma
     
    #17     Apr 12, 2022
    Laissez Faire likes this.
  8. M.W.

    M.W.

    No it's not common, I would never ever go with a broker that does not provide electronic statements and order and execution stats online. Much less would I trust that such broker has the capabilities to provide a functional api or execution frontend. Most customers of Wedbush or Dorman probably are ex floor brokers. "call us if you want to inquire about Anything but we provide shit in terms of information on our websites". Heck, some of the above named brokers don't even provide real time commission cost or other execution related cost besides position size and execution prices in their frontend. You need to wait until after the trading session after their sweatshop workers work through their spreadsheets and email you the numbers, lol.

    No thanks. Let the old geezers deal with such brokers if it makes their day.

     
    #18     Apr 12, 2022
    Laissez Faire likes this.
  9. LOL. Right.

    It seems very antiquated to me. I have no complaints about Dorman, though. It's a great broker which is very, very well capitalized.

    I figured that when NT is establishing a new brokerage in 2021 they'd be more modern, though.

    Which broker are you using for futures then?
     
    #19     Apr 12, 2022
  10. Overnight

    Overnight

    Just log into NT and view the performance tab (graphs). From there you have a world of choices. More than I can count, to view your equity curves.
     
    #20     Apr 12, 2022
    Laissez Faire likes this.