Quote:
Originally Posted by akeakamai
my US GFT will take your 2nd entry and average it into the 1st entry. The result is a single position with the total size and average price of both entries.
I think it bypasses the FIFO rule because essentially both entries have been made homogenous and deciding which should be closed first is pointless because your whole position is averaged at one price.
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Excellent point!!
The averaging has never been a problem to me - I have even advocated it in my threads!!