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Tuesday, February 21, 2012

Questrade Glitches -- Can't trade till who knows when

Trades: UNABLE TO TRADE

Gut Check:

  • I logged onto the Questrade trading platform, IQ Beta, and discovered I had only $14 to my name. WTF!? Turns out there was some kind of problem with my Covered Call assignments and they have to manually fix it. Meanwhile, my buying power is about $42. God knows when this will be fixed.
  • I also discovered a retroactively applied $12.95 commission on my BAC assignment. I had seen that transaction line in my trade history WITHOUT the commission, but it was apparently retroactively applied to the same transaction line maybe on Jan-25th, the settlement date. This is very confusing for me, since what is published as a completed transaction should no longer be changed. Instead, an adjustment line should have been added. Anyway, it got sorted out -- so now I have to recalculate my ROIs...

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