Day Trading Journals
A place for people who want to share journals of their trades. One thread per member, with daily post updates.
71 topics in this forum
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RECENT POSTS
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Hi, Sorry I should have followed up on this thread too. (I think) I figured it out and replied on the other thread about it that is linked in my OP. Essentially, we borrow USD every time we trade if we don't have enough USD in our account, but the exchange rate has nothing to do with it (At least it is the explanation I got from the IB chat support). Let's say you borrow $100US to buy a stock, and if you win the trade and get $110, then now you have $10US in your account. We borrow $100 in USD, you give back $100 to IB in USD, and have $10 extra. If you lose and sold the stock at $90, now you have negative -$10 USD in your account. There will be interest for this (negative amount - the same as credit or line of credit etc.). You could convert the negative amount of USD from your CAD easily. You could also convert entire CAD to USD but it is not really necessary and actually this would be more risky because of the exchange rate if your base is Canada and your goal is to have more CAD in the end. What seemed to have been an issue with the other thread is that your asset in USD (and it shows in USD in your statements if your base currency is USD) fluctuates depending on the exchange rate. Let's say you have $1,000 CAD in your account and it is about $750USD. If the CAD drops a lot against USD then it might become $730USD by the end of the day. In this case, even if you make $10USD, your statement in USD will be less than where you started (drops from $750 to $740USD). But what you have in CAD would actually be growing ($1,000 CAD plus $10USD equivalent in this case). At least this is my understanding. Anyone please correct me if I am wrong. -
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Please ask in the forum thread referenced above as I don't use that hotkey. -
By Leidy Menendez · Posted
hi thor i'm trying to load some hotkeys on DAS, some buying cripts with stop loss and i can't colud you help me with that -
By Ákos Maróy · Posted
thank you. I tried it, but I'm getting a 'Can't get valid price' error for the FREE Roll + Long script, see screenshot. What could I be missing? Is there some 'documentation' on this topic?
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