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- Equities must have less than 50,000 shares volume for that day. If daily volume is unknown, the security will be checked.
- Accounts to be checked must have profit/loss calculations enabled.
- Executions for review must have occurred between 15:58:00 and 16:00:00 EST and must be marked "REGULAR" (i.e. journal entries, corporate actions, buy-ins and assignments will not be checked).
- The executions must be increasing the traders holdings.
Examples (assuming XYZ is a low volume security):
| Section |
|---|
| Column |
|---|
| | Panel |
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| title | Example 1. Going long near the close |
|---|
| 15:58:00 Buy 100 XYZ @ $10
|
|
| Column |
|---|
| | Panel |
|---|
| title | Example 2. Adding to a long position near the close |
|---|
| 15:00:00 Buy 100 XYZ @ $10
15:58:00 Buy 100 XYZ @ $11
|
|
|
| Section |
|---|
| Column |
|---|
| | Panel |
|---|
| title | Example 3. Adding to a long position carried from the previous day |
|---|
| Monday 09:00:00 Buy 100 XYZ @ $10
Tuesday 15:58:00 Buy 100 XYZ @ $11
|
|
| Column |
|---|
| | Panel |
|---|
| 15:00:00 Short 100 XYZ @ $10
15:58:00 Buy 200 XYZ @ $11
|
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