I am holding two long term positions (AAPL & RIMM), that I have not sold. With that said I have bought and sold additional shares of AAPl & RIMM via day trading. The question: My Oct 11th printable "activity" statement on the first page shows a very large amount as realized short term gains. Mind you I have not sold the orginal long term holds. I contacted IB via web ticket and they say with FIFO accounting rules this is normal. Is this correct/normal for the statement to show these gains even without selling the position? It just looks so odd to have "realized gains" on positions that have not been sold. Thanks for the help.