Professional's Ideal

Summary:

Let us sell winners first before forcing us to sell losers as realized losses

"First in Last Out." in my opinion is better than the current system of "First in First Out"

As someone that absolutely loves trading in and out of the market all day long whilst building a position, I very much would appreciate being able to sell my most profitable trade instead of my least profitable trade first.

The basic premise is my initial trade was my desire and i do not want to exit that position, but I want to make money on every possible short term swing leveraging another contract to build up my cushion and enable my thesis to play out whilst building up my buffer in the event my initial thesis never actually plays as intended.

Having the current First in First out for trades is less than optimal for active traders that are looking to operate like a hedge fund. Leveraging the "Worst in Best out" will immensely help traders literally trade their way out of any and everything.

Presently the only way to synthetically do this is by having multiple XFAs, but once moved over to a live account it will ruin the strategy for these traders.

Please strongly consider allowing traders to determine how they want their trades to be executed so that they can bring their A game into live accounts.

in a single live account the only way to bypass this and synthetically build a cushion scalping whilst keeping the initial position on is to increase risk needlessly with the "More on" trade to eat the loss on a trade but hope you can get a fill at a better price.

I'm proposing allowing traders to keep their original less than perfect position and sell winners first so that they don't have to needlessly sell double to maximize on short term trades.

Disclaimer: FiFo is best to train traders to avoid losses, so in theory it is better to force combines into this suboptimal scenario, but for trader's longevity, allowing them to maximize trading strategies by building into a position whilst taking profits out of the market will be the better long-term solution.

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Upvoters
Status

In Review

Board

πŸ’‘ Feature Request

Tags

Risk Tools

Date

Almost 2 years ago

Author

Anthony Diaz

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