Got a question for the traders who typically have a high turnover of trades. Day - short term traders.
How do you book keep your trades? If your doing 50 trades a week its quite a task entering the data into accounting software. Do you enter each trade or simply enter the profit/loss over a given period of time minus the expenses, if you simply enter bulk figures how do you track your trading if you use different trading methods/strategies?
Another question, if your a consistent profitable trader what is your strategy when it comes to tax. Do you put aside the tax over a given period of time or take the tax out of the profit at the end of the fiscal year?
