Don't attempt to build positions intraday at Tradestation

Discussion in 'Retail Brokers' started by wjk, Feb 11, 2009.

  1. jprad

    jprad

    You're equating a position to a buy, which is wrong.

    While you can only have a single position in a stock it can be composed of several lots. Each lot is created with each separate purchase.

    The rule clearly states that the position needs to be closed before another purchase is made in the same stock.
     
    #31     Feb 12, 2009
  2. LongArm

    LongArm

    Yes, I'm well aware. I was trying to keep the explanation as simple as possible (a 1-lot position).

    No, it doesn't state that at all. Okay, I'm going to try one more time, this time altering it a bit (in bold) because I have a hunch where you may be getting tripped up:

    Does that help?
     
    #32     Feb 12, 2009
  3. jprad

    jprad

    The hell it doesn't.

    a. a long security position held overnight and sold the next day prior to any new purchase of the same security.
     
    #33     Feb 12, 2009
  4. I use TS for charting and scanning with the TS radar (starting to look at ninja for charting)

    IB for execution of trades. I have to pay TS monthly for the scanning and charts.
     
    #34     Feb 12, 2009
  5. LongArm

    LongArm

    It's saying that is NOT a daytrade.

    No offense, but you really need to work on reading comprehension.
     
    #35     Feb 12, 2009