| Simplifies Portfolio Tracking And Schedule-D Generation. | |
| Simply Track | Competitive Software | Comments |
| First Thing First!, Our Goal is to provide quality software for active traders under $50 dollars. |
You will pay any where from $150 to $300 for unlimited numbers of
trades
or you will 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. |
| Can import trades from file or copy and paste from Broker Website. | 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. | 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. |
| Lightning fast Performance in importing and generating reports. | Most products uses backend databases like MySQL, MS Access, Excel Spread Sheet Macros or Web based. May not perform as fast as Simply Track. | 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. |
| Combining Multiple Accounts or Portfolios into One report. | 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. | 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. |
| Simply Track is more than Schedule D generator, Automatically update stock quotes from current holding for day to day portfolio Tracking. | 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 | 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 |
| Add, delete, Editing trades | In some Products it is difficult to edit the trades | With Simply Track 2.2 version you can Edit, Add, and Delete trades just like you do it in Excel Spreadsheet. |
| Support short and long trades | Some products can not detect Short Sales and expect you to mark Short trades in Input as Short. | Simply Track Automatically Detects Short Sales based on Dates, Same day trades are matched in the order they appear in the input file. |
| Standalone Application, Software runs on your PC | Some are web based and Some are Spread Sheets only works with Excel. | No need to upload your personal trades to third party websites, With Simply Track you can do everything On your Own PC. |
| Reports | Some products just create simple text files or Print previews which are hard to read. | 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 |
Best way to learn about Simply Track is downloading Trail Copy and try it. If you dig into the details, you will find Simply Track either meets or exceeds the key functionality of the competitive products. It is by far the best value you will find!