>>>>> "PP" == Pranesh Prakash <[email protected]> writes:
PP> (And FWIW, I believe trading accounts are a very powerful idea that
PP> unfortunately don't have enough integration into the ledger-likes. They,
PP> used judiciously with sub-accounts, can even mimic lots accurately.)
Hi Pranesh,
I do quite a lot of investment tracking with Ledger these days. It's a bit
more manual than I would like, but I haven't run into any blocking
limitations.
Here's a typical transaction from my Ledger:
2019/07/23 * (46958) SOLD -W NFLX @311.1325
; Time: 06:50:43
(Expenses:BR:Fees) $X
Expenses:Capital:Short:Wash $Y
Assets:BR:Brokerage:Equities -1 NFLX {$307.74667}
[2019/07/22] @ $311.1325
Assets:BR:Brokerage:Cash $U = $Z
2019/07/23 * (50177) BOT +W NFLX @311.649
; Time: 06:51:15
Assets:BR:Brokerage:Equities 1 NFLX @ $329.58215
Assets:BR:Brokerage:Cash $-V = $Z
Expenses:Capital:Short:Wash $-Y
This is selling a set of lots under the wash sale rule, and accumulating the
wash to an account so I can reprice the cost basis of the next purchase of the
same commodity (if it happens within 30 days). Had it been a profitable
transaction, I would have registered that in Income:Capital:Short instead.
NOTE: The purpose of the above sale was an attempt to adjust the cost basis
using the falling price of the commodity, but it ended up moving against me
and I re-entered the position and unfortunately increased the cost basis. I
was experimenting using a different study for buy/sell triggers based on a
trend analysis, which didn't work out as well as I was hoped. :)
Things that are still manual in the above:
- Entering the lot details
- Calculating the wash amount
- Calculating the adjusted cost basis on the next purchase (or of
other shares currently held)
- Withdrawing from the wash account on the next purchase
John
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