LostAndFound my futures account calculates by last in first out principle. so any closed positions (last batch of purchase will be matched with the units you just sold) will be filed under "realised p/l".

imo it's just a feel good factor. unrealised p/l is still p/l

Full list (FIFO / LIFO and 5 others) here

This post has been edited by Medufsaid: Feb 16 2024, 10:56 AM

i noticed he has strong preference (sale order's not the only one) towards many things. so we'll just have to leave it as that

after noticing that my monthly IBKR reports have weird bugs (figures that don't tally) months ago, i started to just list down my trades separately in excel. in case future discrepancies involve missing real money (this also means i can generate my own charts/reports however i want, FIFO or LIFO)

below is a snapshot of last night's daily report to show u what i mean. reports says i was charged $0.36 but grand total (and also my excel) agrees that $0.35 is the correct charge (altogether $0.70)



This post has been edited by Medufsaid: Feb 16 2024, 10:54 AM

if someone values "cosmetics" (even if there's no practical function), who are we to judge

This post has been edited by Medufsaid: Feb 17 2024, 10:59 PM

can you give a hypothetical example? start with sample entry prices/cash balance, and the hypothetical scenario A or B?

it's ok if you don't plan to plot it out (due to time constraints). we're just here to make money so i'm more than happy to leave it aside

ok. so assuming market reopens on Tues @ same price of $140.52, instead of selling xxxx5 shares, you'll just need to sell xxxx1.1816 shares.

if FIFO, you'll liquidate all of 1st purchase, and some of 2nd purchase
if LIFO, you'll liquidate most of 4th purchase

both will result in same amt of freed up capital

(redacting the beginning figures of shares in case of privacy)

This post has been edited by Medufsaid: Feb 18 2024, 11:55 PM

kart did they deduct 1.05 pound? Or did they deduct from SGD balance?

You seem to be converting using other means, since I could never do a limit order when converting sgd to USD. It's fixed to market order only, click to see how i usually convert

So my hunch is you are making a trade (that happens to be forex), rather than IBKR's currency conversion. But I'll have to verify that later

This post has been edited by Medufsaid: Feb 19 2024, 09:15 AM

now the mystery is why i don't see this in my SGDUSD conversion. currently i'm (like many here) exploiting the "recurring investment" bug/loophole to convert SGD to USD instantly for free upon stock purchase

This post has been edited by Medufsaid: Feb 19 2024, 11:56 AM

hmm..https://www.reddit.com/r/singaporefi/commen...y_user/jpy65z7/

ok this doesn't make sense either as I bought $IBIT immediately after manually converting to USD in mid Jan.

When does the interest get reflected in statements?

This post has been edited by Medufsaid: Feb 19 2024, 02:33 PM

i'm on cash acct, $IBIT via limit order. FYI i started Jan, 2024 with U$0.13, rest all SGD (recurring will always leave behind some cents)



i've already manually input my trades in an excel weeks ago so any interest charged should've resulted in my excel not tallying with IBKR's actual balance

This post has been edited by Medufsaid: Feb 19 2024, 03:36 PM

Well there's enough shares to sell some covered calls

i'll give it a try to answer this, since it's a reasonable request

for both FIFO/LIFO, your

• buying power after freeing up cash
• amount of shares you own
• combined profit & loss

remains the same. only reason for selecting either one is

• tax report purposes
• to see no red

Davy123seems like PDT won't apply if you have $25k https://www.interactivebrokers.com/en/tradi...rgin-stocks.php

This post has been edited by Medufsaid: Feb 23 2024, 11:39 AM

gashout buy-to-open no big issues. however, if you plan to sell-to-open(short) 1 option, it's best if you already have 100 of the underlying stocks (or cash, to explain this further i'll have to explain the difference between covered call & cash secured put). else it's a naked short

This post has been edited by Medufsaid: Feb 25 2024, 02:31 PM

i think it'll take USD first then MYR. if you want to be sure, lock up the money u don't want converted in Wise Jars. so only the free monies will be utilized

using CIMB SG->MY internal transfer should suffice

also, see if can modify from IBKR individual account to "joint account" (for that live & aware until 80)

This post has been edited by Medufsaid: Feb 29 2024, 10:52 AM

if you have more than $25k in assets, can switch to margin account where u can daytrade without waiting for cash settlement

https://www.interactivebrokers.com/en/tradi...rgin-stocks.php

i haven't turn on margin trading as there's supposedly a bug affecting half of those who are doing recurring investing (probably fixed by now). funds don't get auto converted from SGD to USD and IBKR assumes they want to borrow USD

dwRK do refer to my post below https://www.reddit.com/r/singaporefi/commen...ibkr_recurring/

As mentioned just now, do ensure your entire account don't drop below $25k.

(can fall below, but then you gotta learn the complex rules)