Trade Trakker
Manage Your Trades With This Software Program
Trade Trakker is a powerful portfolio management software program that I use to manage my trades.
This software is inexpensive and easy to use but with a lot of powerful features to manage your trades. And, it has won numerous awards from all around the internet.
This is how it works:
When you first download trade trakker you will go through the "Stock Wizard" that will prompt you to enter in all of the relevant information. This is great for non-computer geeks like me! It was easy to get set up and very simple to enter in new trades and close out existing trades.
You can also group your trades into different categories. I group mine into three categories:
- swing trades
- trend trades
- day trades
This makes it easy to see which trading style you are making the most money with (I discovered I had to limit my day trading!)
Trade Trakker Screenshot
You can see some of the features in this picture. One of the features not shown in this picture of trade trakker is the ability to add comments to each individual trade. You can list reasons for your entry, market condition, etc.
What does this mean?
It means that this software program actually doubles as a trading journal! Yep, you can review your notes for all the trades that you make and see which types of setups are working, and which are not working. This is why a journal is so important.
Here are just some of the features that this program offers:
Trade Trakker Highlights
- TradeTrakker includes a wizard option to simplify data input.
- TradeTrakker can monitor multiple portfolios and watch lists with up to fifty different parameters, including buy & sell, gains & losses, stock splits & dividends and total portfolio value for both long and short positions.
- Stocks and mutual funds can be arranged into specific groups within a portfolio and sorted on any parameter.
- All stock positions as well as up to 100 key market indices can be automatically updated, on any schedule from once a day to once per minute.
- Stocks can now be tracked from most major world stock exchanges. An optional ticker display can be configured with any stocks or indexes as desired.
- Set alerts based on stock price or volume which can be announced with Microsoft Agent text-to-speech capabilities!
- Transaction History section contains optional indicators for capital gains tracking.
- Customizable links to stock news, charts and your personal online trading account directly from TradeTrakker's main window.
- Exclusive "Portfolio Snapshots" saves stock database in read-only format for record keeping purposes, print the portfolio direct from TradeTrakker's main window, or export all data to Microsoft Excel.
There are many other features that would take forever to list. It's pretty amazing that you can get all of this for only $34.95. They also send you updates to the program with new features for FREE!
Managing your money is the most important part of trading stocks. This software does a great job of running the business aspect of trading stocks.
Now with the ability to add comments, you can also use this as your own personal trading journal.
Download a trial version of TradeTrakker here.
I think you will come to appreciate it as much as I do!
