Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 189.21

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3:59 PM EST

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To: Trader J who wrote (13875)	5/3/1999 10:55:00 PM
From: zora	Read Replies (4) of 56535

Trader J or anyone with an answer I would like to know how this trade would work. I buy 100 shares @ 10. Two weeks later I buy 100 more @ 20. I then sell 100 shares @ 15. My question is which shares did I sell? Is it FIFO (first in, first out so its the 10) or is it LIFO ( last in, first out so its 20). This is a very important question when figuring the profit or loss. One way the sale is a profit while the other is a loss. TIA zora

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