wofo_db said:
Quick noob question here...
Say i have 100 shares of wwr at $2..and as OA mentioned it dropped to 80 cents..say i buy 100 more shares at 80 cents and then sell 100 when it hits a $1. In my head i made $20, but does ameritrade take the first 100 shares of my account and it would it count as a $100 loss? And i would have now 100 shares at a $1 avg? Or does it mattee? In my head i was concerned if that triggers any wash rule or im just skipping another step in thw equation and my math is bad...thanks
I'm on TDA too you can specify FIFO or LIFO under the one of the tabs next to your profile. Iirc, it's under 'preferences' tab.
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