Different Systems - Different Accounts??

[jersey10]

Is it best to open extra trading accounts for each type of system you trade or is it better to just have one trading account and trade all your systems throught that one account?

For example, if i am going to swing trade (holding stocks for anywhere from a day to a few months) and i'm also going to buy some longer term holds with a multi-year time frame would you just use one trading account and keep seperate excel spreadsheets for each system? Or, in addition to the seperate record keeping would the better option be to trade each system through its own seperate trading account?

 

[tech/a]

Is it best to open extra trading accounts for each type of system you trade or is it better to just have one trading account and trade all your systems throught that one account?

For example, if i am going to swing trade (holding stocks for anywhere from a day to a few months) and i'm also going to buy some longer term holds with a multi-year time frame would you just use one trading account and keep seperate excel spreadsheets for each system? Or, in addition to the seperate record keeping would the better option be to trade each system through its own seperate trading account?

I traded 3 a while back for a few years.
I kept them seperate so I could monitor performance against testing.

 

[jersey10]

I traded 3 a while back for a few years.
I kept them seperate so I could monitor performance against testing.

Tech,

Different accounts with the same broker or different brokers? I am considering opening another with IB.

I assume having multiple accounts with the same broker won't be a problem.

 

[tech/a]

Sorry mis understood you.

You can certainly do it with IB.
You can set them up on workstation so they are seperate portfolio's.
IB has a nice platform to work with.

 

[kam75]

Is it best to open extra trading accounts for each type of system you trade or is it better to just have one trading account and trade all your systems throught that one account?

For example, if i am going to swing trade (holding stocks for anywhere from a day to a few months) and i'm also going to buy some longer term holds with a multi-year time frame would you just use one trading account and keep seperate excel spreadsheets for each system? Or, in addition to the seperate record keeping would the better option be to trade each system through its own seperate trading account?

What are you trying to achieve? If you're testing different trading systems then yes, you'd want to have separate accounts. But you don't want to spread yourself too thin by having too many accounts.

regards
Kam75

http://www.sharesmadeeasy.com