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Simply Track
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Competitive Software
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Comments
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First Thing First!, Our Goal is to provide quality software for
active traders under $50 dollars.
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You will pay any where from $150 to $300 for unlimited numbers of
trades or end up paying $150 for every 1000 buckets |
You pay fixed price for unlimited number of transactions, good
value for
active traders who execute many hundreds or thousands of
trade transactions per year.
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Can import trades from file or copy and paste from Broker Website.
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Most products can only download a limited amount of historical
trades because
they access the broker's online systems via OFX technology.
Brokers periodically purge the online data.
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Simply Track supports copy and paste of trades from your broker
website or
importing trades from your broker's Excel file or CSV file with
out any modification.
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Lightning fast Performance in importing and generating reports.
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Most products uses backend databases like MySQL, MS Access, Excel
Spread Sheet
Macros or Web. May not perform as fast as Simply Track.
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Simply Track uses proprietary text based database, runs all of
your reports
directly on your PC, No database overheads, reports usually take
seconds to
run and reports are generated as HTML or PDF files so that you can
easily
view them.
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Combining Multiple Accounts or Portfolios into One report.
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Most products do not support combining multiple trade accounts
into one place.
You may have to generate One wash sale or Schedule D report for
each online
broker you trade with.
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Using Simply Track Portfolio Concept, you can setup one portfolio
for each
broker you trade with or you can setup one portfolio for each
account you
trade with. During report generation you can combine multiple
portfolios
into one portfolio.
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Simply Track is more than Schedule D generator, Automatically
update stock
quotes from current holding for day to day portfolio Tracking.
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Most products do not support Instant Schedule D and Wash Sale
report generation
and Portfolio Tracking in same tool. You have to pay depending on
number of
trades anywhere from $150 to $300 for just Wash Sale generation
and they
may not have portfolio tracking with multiple portfolios
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Automatically updates trade data and stock quotes for watch lists
at
user-specified intervals almost instantly with 20 minute delayed
quotes from
fee Stock Quote Servers. Using Simply Track you can keep track of
all your
current holding up to date with Market Prices
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Add, delete, Editing trades
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In some Products it is difficult to edit the trades
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With Simply Track 2.2 version you can Edit, Add, and Delete trades
just like
you do it in Excel.
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Support short and long trades
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Some products can not detect Short Sales and expect you to mark
Short
trades in Input as Short.
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Simply Track Automatically Detects Short Sales based on Dates,
Same day trades
are matched in the order they appear in the input file.
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Standalone Application, Software runs on your PC
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Some are web based and Some are Spread Sheets only works with
Excel.
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No need to upload your personal trades to third party websites,
With Simply
Track you can do everything On your Own PC.
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Reports
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Some products just create simple text files or Print previews
which are hard to read.
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Simply Track Generates reports in HTML format so that you can open
and view
with any web browser. Schedule D report is generated as PDF file
so that you
send it to your Tax Accountant
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