I've been trying to help my father in law execute Norbert's Gambit on iTrade. I don't have an iTrade account so I am not exactly sure what steps he needs to use to complete the gambit. I am trying to do this remotely so I'm hoping someone here can give specific instructions I can send to him.
The current situation is that he has purchased DLR in his non-registered account and the trade has settled. My understanding is that iTrade doesn't have separate CDN and US accounts but it is possible to hold US dollars in the account and they won't be automatically converted to CDN.
He has tried to enter a sell order for DLR.U but he gets an error that he doesn't have the security he is trying to sell in his account.
Can someone that has done Norbert's Gambit in an iTrade account recently provide the steps required to complete the gambit?
The current situation is that he has purchased DLR in his non-registered account and the trade has settled. My understanding is that iTrade doesn't have separate CDN and US accounts but it is possible to hold US dollars in the account and they won't be automatically converted to CDN.
He has tried to enter a sell order for DLR.U but he gets an error that he doesn't have the security he is trying to sell in his account.
Can someone that has done Norbert's Gambit in an iTrade account recently provide the steps required to complete the gambit?