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# TradeBolt Did You Know August 31

We are often asked whether multiple accounts are needed to support multiple strategies on the same symbol. The logic behind the question goes like this:
Well, kind of. One long position and one short position in the same account equals a flat position. However, there is no need to have multiple accounts. The profit from the sum of the overall trades will be the same.

It seems counter-intuitive, so let me explain.

Say you have three systems, cleverly named System 1, System 2, and System 3, and they are each trading into a separate account. The systems do something like this:

System 1 shows a profit of \$50.
• 1:00 Buy 5 at 1200
• 4:00 Sell 5 at 1210

System 2 shows a profit of \$105.
• 12:00 Sell 7 at 1220
• 2:00 Buy 7 at 1205

System 3 shows a loss of \$30.
• 12:00 Buy 3 at 1220
• 4:00 Sell 3 at 1210

30 contracts traded, for a net profit of \$125 total. Right?

Ok, now lets look at the same trades into one account.

• 12:00 System 2 sells 7 at 1220
• 12:00 System 3 buys 3 at 1220
• 1:00 System 1 buys 5 at 1200
• 2:00 System 2 buys 7 at 1205
• 4:00 System 1 sells 5 at 1210
• 4:00 System 3 sells 3 at 1210

• 12:00 total position -4, price 1220, profit \$0
• 1:00 total position 1, price 1200, profit \$80 (4 positions closed at \$20)
• 2:00 total position 8, price 1205, profit \$80 (no profit taken, just more positions added)
• 4:00 total position 0, price 1210, profit \$125 (1 position closed at \$10, 7 closed at \$5)

...for a net profit of \$125 total.

If you'd like to see these examples neatly laid out in tables, please click on this link, which will take you to a pdf file on our website. The breakdown is a little easier to see on that page.

As you can see, it's just a question of bookkeeping. The money is the same, either way!