You can make daily record of your swing trading transactions.
By manually tracking your swing trading transaction when you purchase stocks and when you sell stocks, you can pull report of your daily record keeping analyzing your daily profit, your weekly profit, and your monthly profit.
If you trade in your taxable brokerage account, you will be able to estimate your estimated tax along the way.
How to record keep your swing trading transactions?
For each stock you purchased you record the quantity, the unit cost, as well as the total cost. When you sell a stock, you record the stock symbol, the quantity sold, the unit price, and the total return as well as the fee. You calculate the profit and the rate of return.
The simple rate of return is the profit divided by the total cost of purchasing the stock times 100.
If some stocks in your portfolio paid you dividend, it is good to record this dividend income on your dividend sheet.
If you move funds in or out of your account, you could record these deposit or withdrawal as well.
Conclusion: Trade Expenses Journal Entries
The video explains how to record keep your daily swing trading transactions.
Related article categories
Disclaimer:
“I am not an attorney to practice law. I am not allowed to draft legal documents, give advice on legal matters including immigration, or charge a fee for these activities.” I am not a CPA. Our contents are informative and based on our knowledge and experience. Use them at your own discretion.
Ads Disclaimer:
Ads are displayed in our contents. These ads do not influence the content we create and publish. We do not endorse them either.
Affiliate links Disclaimer:
Our Videos and articles contain affiliate links. When you click on them and make a purchase, we will receive a commission. We thank you very much for your support!
Our Vision
Nina’s Soap was created to help you live a healthy lifestyle within your budget while increasing your net worth.
Liberman Consulting L.L.C.’s contents are about different ways to save money, different ways to make money to reach your financial independence where you don’t worry about money or depend on your job to provide for your family.
Our Objectives
At Nina’s Soap (Liberman Consulting L.L.C.), you will find information about living a quality life within budget and increasing your net worth. Topics covered include personal finance, investment, business management, cooking from scratch, and growing some vegetables and fruit to save money and eat healthy.
“https://ninasoap.com/membership-join/ (We welcome you to join us. Email List)
care@ninasoap.com (contact info for any questions you may have)
https://ninasoap.com (blog), https://liberdownload.com (digital products), https://ninassoap.com (natural products), https://liberlabel.com (custom apparel), https://liberoutlet.com (resale store), https://www.youtube.com/c/LibermanConsultingLLC (YouTube Channel), https://www.pinterest.com/ninassoap/ (Pinterest), https://ninasoap.com/affiliate-products/ (Our resource page)”.
