shaqbantonMay 22, 17 11:24 PM
This is an interesting trade!
$832 Profit
BLTOShort Stock
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| Date | Price | |
|---|---|---|
| Entry | 3/28/2017 | 1.5966 |
| Exit | 4/28/2017 | 0.7984 |
- Total Views423
- Position Size1,048
- Percentage49.99%
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CarolusRexJun 13, 17 2:31 PM
Hi, you hold this stock short for a month on IB!? How did you do that? Are there some stocks that you can hold that long? and what did you pay in interest for borrowing so long? Sorry for all the questions:) Nice trade!
TimLentoJun 13, 17 3:36 PM
@XanderTrade Yes. They allowed me to. Yes. The interest rate is currently 6.54% per year, I'm not sure what it was in April, the interest rates depend on the demand for the shares.
CarolusRexJun 14, 17 8:47 AM
Good to know they do that, probably only on big accounts. IB have this fee rate and than Rebate rate, confusing... I guess I give them a call. Thanks!
TimLentoJun 14, 17 9:22 AM
@XanderTrade I started the year with $28,467.43, so not a huge account. The fee rate is what I pay, the rebate rate is what the lenders receive.
CarolusRexJun 14, 17 2:58 PM
Ok, well that's the size of my account. Thanks for help!! Apreciated!
TimLentoJun 14, 17 3:22 PM
yw
