FAQ - Which transactions affect my Trade Limit?

Question

Which transactions affect my Trade Limit?

Answer

Every buy, sell, short, cover, dividend reinvestment, etc. recorded or imported into GainsKeeper counts towards your trade limit. Normally, deleted trades will not restore your trade limit. However, you have a 30-day grace period to delete a trade and it not reduce your trade limit. If a trade is deleted within thirty days of entry into GainsKeeper, the deleted trade will be added back to your trade level.

Examples

Click the links below to view examples regarding trade limit.

• Example 1

  • Buy 100 shares of symbol ABC

  • Sell 100 shares of symbol ABC

  • DivRe 0.25 share of symbol BBB

  This counts as 3 towards your trade limit.

• Example 2

  You requested a buy of 1,000 shares and a sell of 1,000 shares with your brokerage. Your brokerage executes the request in multiple lots. Therefore, when you download and import these trades into GainsKeeper, they display as:

  • Buy 500 shares of symbol XYZ

  • Buy 400 shares of symbol XYZ

  • Buy 100 shares of symbol XYZ

  • Sell 750 shares of symbol XYZ

  • Sell 125 shares of symbol XYZ

  • Sell 125 shares of symbol XYZ

  This counts as 6 towards your trade limit.

• Example 3

  • On 9/1/2003, you record a buy of XYZ purchased on 2/25/2002

  • On 9/9/2003, you realize the purchase price was entered incorrectly, and subsequently delete the 2/25/2002 buy of XYZ.

  There is no effect on your trade limit since only 9 days has passed from the date of entry.