hmmm… stocktickr

One thing about tracking trades publicly in stocktickr is that you’ve really got to go open and close out the trades in tandem with your actual brokerage orders, or they will be inaccurate. Two examples from today alone:

  1. Due to today’s suckage (that’s a, um, highly technical trading term… just try to get the gist of it if you aren’t “in the know”), I was stopped out of AXP and GM, but both for nice profits. Yet, because the stops were hit while I was asleep, I couldn’t get stocktickr in synch with me, and it actually thinks I took a loss on GM. Someone trying to gauge my systems by the color of the stocktickr boxes will be mislead.
  2. When my systems signalled buys for this morning, I went ahead and put them in stocktickr last night. Fine, except I bought them for a lot less than yesterday’s close, so stocktickr shows a bigger loss for me right now than I actualy have.

Still, it’s a nice, free, service… the actual p/l tracking will just be pretty sloppy. I wish I could put a comment on closed trades saying “Actual entry/Exit: $x/$y”. But, you can’t seem to comment closed trades. If I would think to add this comment right before closing it, I think that would work.

3 Responses

  1. Dave Says:

    Thanks for the comments. We’ll be adding some features in the future that will make portfolio tracking easier. Drop me a note and I’ll let you know what I have in store. dave@stocktickr.com.

  2. idempotent Says:

    Wow, how cool to get a response from stocktickr itself! I like the idea a ton, and I actually prefer my stocktickr page to my broker’s web portal for tracking my open trades. :-) It’s just nicer.

    I normally like to be more constructive, but I can’t think of a way right now to let users adjust their prices, and also keep them honest. I’d rather completely trust the results I’m seeing for other traders, than have my own numbers look slightly better.

  3. Dave Says:

    idempotent, I actually just added the ability to add an open price and a close price into StockTickr (within the past few minutes). These prices only show up for you (the current user), so other users will see the prices that are automatically captured at the time of entry.

    Drop me a line and let me know what you think! dave@stocktickr.com

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