QUOTE(lklatmy @ Jun 3 2009, 12:18 AM)
Please let me add on to this.
Most brokers will use FIFO,so in the absence of any instruction from you,the 90 lots bought on the first day together with 10 lots from the second day will be contra off against the selling.
However,you can actually request the Remisier to submit a form to the broker instructing them to treat the buying and selling of 100 lots on the second day as an intra day trade.
The process is NOT automatic,you have to make a request.
It's what I request to the dealer via phone .. but she said no need to call, it's automatic an intra, so I'll wait tomorrow what the result on the ITrade platform, if opposite Most brokers will use FIFO,so in the absence of any instruction from you,the 90 lots bought on the first day together with 10 lots from the second day will be contra off against the selling.
However,you can actually request the Remisier to submit a form to the broker instructing them to treat the buying and selling of 100 lots on the second day as an intra day trade.
The process is NOT automatic,you have to make a request.
thanks to cherroy and lklatmy for the info
Added on June 3, 2009, 8:08 amUpdate : It's an intra for CIMB ... thanks
This post has been edited by Irzani: Jun 3 2009, 08:08 AM
Jun 3 2009, 12:48 AM

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