Can we have both buy and sell positions concurrently (in two different trading acs)?

Is there anything illegal in holding a buy position and sell position in the same scrip (in two different accounts obviously!) in cases where the market (and the scrip) is likely to be moving in both directions particularly in case of day trading?

Re: Can we have both buy and sell positions concurrently (in two different trading ac

sure you can.......

Re: Can we have both buy and sell positions concurrently (in two different trading ac

In my personal experience is that if the trading idea requires you to do 'that' then there is some principle that the trader has not gotten his mind around...

Re: Can we have both buy and sell positions concurrently (in two different trading ac

agree


But if you still want to follow your system

Do this

Use only 1 trading account. Buy and Sell to yourself i.e. just write the trade in your accounts / diary. (i.e effectively execute both trades at same price outside the market)

Execute the covering trades for the above open trades in the actual account.

This way you get same results and you have saved on 50% transaction cost and taxes


Enjoy

::thumb::