Managing Stocks with IBD Hours
Quick question guys,
With IBD hours (morning in by 9, night leave by ?), how does one conceivably manage a stock portfolio during the week? I'm not talking about day-trading. I'm talking if you see the markets tanking and want to sell your positions, how would you go about doing that? (or the other way around)
Short of running to the bathrooms cursing at your iPhone to load Scottrade app faster, any way to do this? I assume trading through company computers is probably not the best idea? (in addition to all the compliance stuff)
Most places have strict rules about buying and selling. Effectively dragging out the process. Just stick it in an index fund or something. Compliance is going to make a portfolio a headache.
In any event most BBs require all of your trades to go through compliance before they can be executed... This takes up to 1 week... There is no way to actively manage a portfolio in IBD. Use ETFs if you want to but don't take positions that have to be closely monitored
You will have plenty time to study your portfolio.... However, many stocks you want to buy and sell will be on your firm's restriction list and it is not uncommon to have more than 5 of 10 executions rejected. Also, banks will have longer holding periods for most IBD ppl, typically between 2 weeks and 30 days. All these rules and restrictions will pretty much gurantee that you will have very little maneuverability on your stock portfolio....
ETF and commodity future are exceptions and boutiques typically have less stringent rules.
does this apply for SA's as well. What about FI research for stocks. I assume its worse than IBD.
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