Published: Jun 09, 2014
TradeLog offers a range of useful filters for trade analysis. In this second part of our series of tips, you will learn about simple Find functions that will help you quickly isolate certain types of securities or certain types of records.
Published: Apr 23, 2014
If you finished your 2013 trader tax reporting with TradeLog, congratulations! But before you forget about 2013 completely, there are a few things we recommend you do in order to avoid any future disasters.
Every year we have users of TradeLog contact us because their hard drive crashed, their computer was stolen, they accidentally deleted (or just can't find) their data files, or their files somehow became corrupted. When events like these occur, it can be extremely difficult to restore what was lost. And since you may have had positions and wash sale deferrals carried over from one tax year to the next, that information is critical in order to complete your next tax year accurately!
Our support staff has three suggestions that may protect you in case such a disaster strikes:
Published: Apr 21, 2014
If you're like most traders, technology is something you need, but not something you should have to worry about. What traders really need is an ultra-fast, reliable computer to handle all their trading needs - from running trading platforms to TradeLog software. What makes a computer reliable and fast? We asked Eddie Z of EZ Trading Computers to help us answer that question and provide some of the minimum requirements for a good trading computer. Here are the four features he explained:
Published: Jan 17, 2014
2014 is here, which means it is time to start thinking about filing 2013 taxes - not the most exciting task, we know.
The good news is there are no major changes to IRS requirements this year! But there are some updates to IRS forms and instructions as well as other important information you should know. In this post we have put together a collection of information active traders need to know, as well as links to many resources available to help active traders with tax reporting.
Published: Jan 08, 2014
Trading, to some, is synonymous with financial gain... with others, financial loss. It is an aspect of the financial sector that the average American knows little about. One of the biggest reasons for this unfamiliarity can be broken down to one factor: Fear. There are lots of things to be afraid of in life, but the reason for most fears is just simply not understand the object of the fear, in this case trading. Most people look at the stock market and financial decisions and want to run and hide. The fear of making a mistake is so inherent that they do not make a choice which in reality is a choice all its own.
Published: Dec 16, 2013
TradeLog contains powerful filters that are often overlooked by software users. Learning to use these filters can be practical and exciting. You can tap into virtually endless possibilities for filtering your trade history data, and then use that filtered data for analysis and reporting. In this series of TradeLog Tips we'll show you how to use the various filters. The first one we will highlight is the Find>Ticker filter function.
Published: Dec 03, 2013
Many people assume that trading during retirement is a desirable option purely because of the financial profits. Trading during retirement allows one ample time to keep up with financial news, potential stocks to pick up and general trading topics in order to plan and execute a solid strategy, and thus make the most of your investments. If this pursuit fits your personal interests and passions, consider the following compelling reasons to continue or learn to trade during retirement.
Published: Sep 16, 2013
It is a story our support team hears too often: “my computer crashed and I lost my TradeLog files”. We cringe when we hear this because we know the answer to our next question is often not positive: did you keep a backup of your files?
Published: Aug 27, 2013
More and more people have been tapping into their IRAs in order to finance trading and investment plans. There are a number of companies now promoting structures such as “Self-Directed IRA-Owned LLC” or “Custodian IRA-Owned Trusts”. While those companies may provide online education to support these structures, leading trader tax CPAs and attorneys do not always agree with their conclusions.
Published: Jul 09, 2013
In a recent webinar with active traders we did a poll and 97% who responded had situations where the 1099-B may not be complete in wash sale reporting. Often this is because the trader has more than one taxable account, or an IRA account, or he trades option contracts. At the root of the problem are differing wash sale rules that the IRS has for 1099-B and for taxpayers. What are the differences and why is the 1099-B often worthless as a result?