Ag, You even went one step further: selling on the same day, versus just selling at some point before the settlement date expired (which was 5 days at the time of the book, later only 3 days). I don't know whether that was a relevant factor in order to "stay under their radar" back then?...................under their old accounting , unlike to-days instant account balances, you had 3 days to settle but your account went into a debt position which would then draw attention to your account transactions which would cause a paper trail because of unsettled trades. Buying and selling on the same day always left the account settled. ..............PS" Day Traders account for some of the highest income earners in Canada..A $ 0.50 move on a Blue chip stock on a thousand shares is $ 500.00 - $ 14.00 commission is a good days work when your lying around...observing the Asian maket 12 hrs before the Canadian markets open helps to make decissions, like if Gold is up then Buy Am berrick as usuallly their good for a few points move. Traps7
