Does FIFO still trigger day trading? (using Robinhood)
Does FIFO still trigger day trading? (using Robinhood)
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user105949 · External communityPost link
External question — Personal Finance Stack Exchange
Author: user105949
Original post: https://money.stackexchange.com/questions/135421
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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I am using Robinhood and wondering how day trading is triggered and how first-in-first-out (FIFO) selling order works.
I bought GME stock yesterday and bought GME stock today. If I sell 1 GME share today, will it trigger day trading even though the GME stock that would be sold is technically the one I bought yesterday (because of FIFO)?
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Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: user105949 Source score (net votes, not local likes): 1 Original post: https://money.stackexchange.com/questions/135421 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. I am using Robinhood and wondering how day trading is triggered and how first-in-first-out (FIFO) selling order works. I bought GME stock yesterday and bought GME stock today. If I sell 1 GME share today, will it trigger day trading even though the GME stock that would be sold is technically the one I bought yesterday (because of FIFO)?
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