Jim Dean Sage   Posts: 3022 Joined: 9/21/2006 Location: L'ville, GA  User Profile | OK then this is NOT as simple as it sounds. Let's say I want to add 400 shares to an existing 600-share Long position. 1. Position was already taken using initial Trade Plan with 600 shares entered but not yet exited. 2. Init TP is cancelled but position remains, and new TP replaces it. I presume that the NEW plan will ENTER an additional 400 shares, so now the broker sees 1000 shares Long. 3. The new TP does not know about the init 600 shares so those shares are UNMANAGED at this point. When the TP finally exits, there will still be 600 shares needing manual handling. Is this correct? If so, then I suggest that you do not recommend to people to delete and replace trade plans with new ones once the trade is in progress ... many folks might miss what's going on. OT NEEDS A FORMAL MECHANISM for increasing # shares, yet STILL MAINTAINING the management by TP of the entire position. I hope I'm wrong about this, btw. | |
