11-30-2021, 09:18 AM
Keeping track of all of your trades... how the hell do you do it?! Any tips would be
<!-- SC_OFF --><div class="md"><p>I'm at the point in my crypto journey where I have made thousands of trades, and I worry that I'm going to eventually lose track of it the deeper into the rabbit hole I go. With tax time still quite a while away, I want to start putting a bit more effort into tracking my dates of purchase, buy prices, sell prices, staking rewards and whatever else is probably important I haven't thought of.</p> <p>As I use multiple exchanges, it can be difficult to check how much my average buy price is on a coin, or how much I'm down or up in total. I know it will be a lot of work to go back over the last few months and I'm willing to put the work in over a few weekends. Once that's done, all I'd need to do is log each trade as I make them - and ultimately this will help me come tax time.</p> <p>A few replies have suggested Excel, which I understand is the common method, but I am dreadful at using Excel, and I was wondering if perhaps there was a generic spreadsheet you can find online or someone could make their template available to help not only me, but I'm sure many other users.</p> <p>What tools do you use on the day to day to keep track of your folio?</p> <p>Edit: <a href="https://coinmarketcap.com/portfolio-tracker/">https://coinmarketcap.com/portfolio-tracker/</a> seems to be a commonly used and more importantly a free tool we can use to track everything in one place and rather simply too. Make sure you make an account first! Looks like I have my work cut out for me this weekend coming!</p> <p>Edit2: An overwhelming number of responses, thank you everyone who replied. It's good to see so many people are proactive in keeping track of these things... I just wish I started sooner!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Environmental_Point3"> /u/Environmental_Point3 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r4v6l0/keeping_track_of_all_of_your_trades_how_the_hell/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r4v6l0/keeping_track_of_all_of_your_trades_how_the_hell/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I'm at the point in my crypto journey where I have made thousands of trades, and I worry that I'm going to eventually lose track of it the deeper into the rabbit hole I go. With tax time still quite a while away, I want to start putting a bit more effort into tracking my dates of purchase, buy prices, sell prices, staking rewards and whatever else is probably important I haven't thought of.</p> <p>As I use multiple exchanges, it can be difficult to check how much my average buy price is on a coin, or how much I'm down or up in total. I know it will be a lot of work to go back over the last few months and I'm willing to put the work in over a few weekends. Once that's done, all I'd need to do is log each trade as I make them - and ultimately this will help me come tax time.</p> <p>A few replies have suggested Excel, which I understand is the common method, but I am dreadful at using Excel, and I was wondering if perhaps there was a generic spreadsheet you can find online or someone could make their template available to help not only me, but I'm sure many other users.</p> <p>What tools do you use on the day to day to keep track of your folio?</p> <p>Edit: <a href="https://coinmarketcap.com/portfolio-tracker/">https://coinmarketcap.com/portfolio-tracker/</a> seems to be a commonly used and more importantly a free tool we can use to track everything in one place and rather simply too. Make sure you make an account first! Looks like I have my work cut out for me this weekend coming!</p> <p>Edit2: An overwhelming number of responses, thank you everyone who replied. It's good to see so many people are proactive in keeping track of these things... I just wish I started sooner!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Environmental_Point3"> /u/Environmental_Point3 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r4v6l0/keeping_track_of_all_of_your_trades_how_the_hell/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r4v6l0/keeping_track_of_all_of_your_trades_how_the_hell/">[comments]</a></span>Kind Regards R