Short range wireless tracking and event notification system for portable devices

A method and system for tracking a portable device. A tracking system includes a portable device, a first Radio Frequency (RF) module, and a second RF module. The first Radio Frequency (RF) module is installed in the portable device for transmitting a wireless signal. The second RF module is used for receiving the wireless signal. When a received amplitude of the wireless signal that is received by the second RF module is less than a predetermined value, the second RF module generates an alert.