Quote from: emd023 on May 27, 2020, 06:46:32 PM

Hello - I have been trading a lot recently and am worried about keeping track of everything for tax purposes. I have received a lot of suggestions that I should manually track my trades, however, this is tough when making multiple trades per day.

The problem is that my trades make up multiple smaller trades. For example, If I buy 10 BTC, this will fill dozens of smaller orders, all at different prices. I have seen some of my trades consist of 50+ smaller trades! How do I keep track of my profits and losses when there are so many trades? I have exacted my trade data from the exchange but it lists several thousands of transactions per month!

Are there any easier ways to do this?

It could be hard to track if you are using different coins in trading and especially when you are doing a day trading. But I don't think it was very important to have it track since I believe that you are a full-time trader and you are watching it all over the day, unless if you have another job.

If you are using a single trading platform, no matter how many coins you trade, multiple trades a day, you can still find it if you are losing or not because it appears in the total balance. But it was difficult when using multiple platforms a day. And if you do the records manually, it only add a burden to you.