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. tiddlywinks

    tiddlywinks

    Just saying...

    Most PDF's can be converted or exported to a .doc or .xls format.
    From there, a line parser, or whatever else can be written.
    Basically, once exported/converted, almost anything can be done with the data!!
     
    #21     Apr 12, 2022
  2. M.W.

    M.W.

    IB, Baxter, Pepperstone and Lmax.

     
    #22     Apr 12, 2022
    Laissez Faire likes this.
  3. M.W.

    M.W.

    Yeah, why not scanning in the paper records and using OCR. I heard the technology is matured by now. Lol.

     
    #23     Apr 12, 2022
    Laissez Faire likes this.
  4. mikeriley

    mikeriley

    There's always advantages and disadvantages to every
    Platform and Broker. But NT is a game changer with
    it's ability to use trade copier.
     
    #24     Apr 12, 2022
  5. ET180

    ET180

    Still trying to find a way to get IB to stop sending me quarterly statements by mail.
     
    #25     Apr 13, 2022
    murray t turtle likes this.
  6. Pekelo

    Pekelo

    That is easy. Move and don't tell them your new address.
     
    #26     Apr 13, 2022
    murray t turtle and ET180 like this.
  7. That's just gross performance, though. I could add commissions, but it would still not be quite correct due to various fees, etc. And Ninjatrader themselves have explicitly said to me that it's not mean for tracking account performance which to me seems like a VERY odd statement. What's the use of it then?

    It seems to track gross performance correct 99 % of the time, though. But there have been some discrepancies once in a while.
     
    #27     Apr 13, 2022
    murray t turtle likes this.
  8. I considered it.

    Current operation is that I export my daily trade performance report from Ninja to Excel. I then have written VBA which automatically imports this data to my P&L sheet and formats it according to my own criteria.

    I then fill in net P&L from my PDF statements and make sure everything lines up. I have considered converting my PDFs and automating this part, too.

    However, all this is WORK and potentially error-prone. I think this is a step or operation that shouldn't be necessary to do in 2022.

    Only one or two poster answered the main question though, so I'm still not quite sure what's normal in this day and age.
     
    #28     Apr 13, 2022
  9. TheDawn

    TheDawn

    Brokerages are required to report to your transactions as part of client service due diligence but they are not obligated to provide any functionalities in the area of analysis of your trading performance. Equity curve daily% and etc. would fall in the category of analysis. Many brokers do provide analytical functionalities as part of their reporting software but it's something extra that they do. NinjaTrader is making itself out to be a discount brokerage for the cost-conscious so not surprised if they just provide bare-bone transaction reporting.
     
    #29     Apr 13, 2022
    Laissez Faire likes this.
  10. Seems to be mostly offering FX and not futures?

    I’m considering alternatives now. Tradovate being a strong contender, but will take the time to review options.

    It would be convenient to stay with NT and not having to spend time learning a new platform, but I’m at a point where my patience have grown thin and it would be stupid to not consider options.

    The software have been mostly great and stable, but lately it’s been buggy and even freezing to the point where I have to kill it with task manager.
     
    #30     Jul 26, 2022