Saturday, 2 July 2016

Brexit Day 2 onwards: Trades

Day 2 of Brexit and onwards

I continued to day-trade LYG to learn more about day-trading and closed each day's position within 24 hours. 

More important to the long-term health of my portfolio, I purchased Aviva, Prudential, and Legal & General at pretty good prices. This helped to lower the average purchase prices of these counters.

I also found out that for cash accounts, IBKR will only allow let you trade with settled cash. Meaning if you have $2k and buy and sell $2k on the same day, the amount you have to trade is $0 until the trades settle. The cautiousness of IBKR is actually a good thing.

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