Spreadsheet vs Dedicated Tracker: When to Switch
Every options trader starts with a spreadsheet. It works for five trades. Then around trade 20, formulas break, cost basis is wrong, and win rate requires manual counting.
Spreadsheets Work For
Simple P&L, custom formulas, and they're free. Great for month one.
Spreadsheets Break At
Wheel lifecycle: CSP → assignment → CCs is one position, not five rows. Portfolio view: No dashboard. Cost basis: Formulas get wrong. Mobile: Sheets on phone is painful.
When to Switch
20+ trades, running the wheel, can't tell win rate, cost basis wrong, want health score, check on phone.
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