To create a new spreadsheet for tracking stock trading using a formula, follow these steps:
- Open a new Excel spreadsheet.
- In the first row, create headers for the following columns: Date, Ticker Symbol, Buy/Sell, Shares, Price, Commission, Total Cost, Total Value, and Profit/Loss.
- In the Date column, enter the date of the stock trade (use the same format for all dates).
- In the Ticker Symbol column, enter the stock symbol for the trade.
- In the Buy/Sell column, enter either "Buy" or "Sell" to indicate the type of trade.
- In the Shares column, enter the number of shares traded.
- In the Price column, enter the price per share at which the trade was executed.
- In the Commission column, enter any commission or fees associated with the trade.
- In the Total Cost column, use the formula "=(Shares*Price)+Commission" to calculate the total cost of the trade.
- In the Total Value column, use the formula "=(Shares*Price)-Commission" to calculate the total value of the trade.
- In the Profit/Loss column, use the formula "=(Total Value-Total Cost)" to calculate the profit or loss from the trade.
Note: You can customize the spreadsheet to suit your specific needs or add additional columns as desired.