I seen alot of post about trading IRA's. I Trade Think or
Swim and they have what you call IRA Margin Account. This account
alone seperates it from any other brokerage out there. It allows
traditional IRA's to be traded like a day trading account. If a IRA
position is taken in the same day you can trade unlimited trades
throughout the day no limits at all. If you initate a trade one day
and hold overnight that alotment of money is actualy not tradeable
unit next business day. I use to trade e-trade and Fidelity with
IRA positions and they hold until trade is settled usualy 3 days,
not think or swim. Check it out going to give everyone a heads up
and call think or Swim customer service. Its perfect trading the
spy Swings system or the trade setups because your money is not
held for 3 business trades like traditional brokerages.
not in my account, however, i am only allowed to trade in that
account one hour before closing so i am unable to use that account
for this system due to the last minute signals...i think you's have
to check to see what kind of time limits you have...
IRA Trading
Posted by onefourdroopy on 1st of Jun 2011 at 10:04 pm
Hey
I seen alot of post about trading IRA's. I Trade Think or Swim and they have what you call IRA Margin Account. This account alone seperates it from any other brokerage out there. It allows traditional IRA's to be traded like a day trading account. If a IRA position is taken in the same day you can trade unlimited trades throughout the day no limits at all. If you initate a trade one day and hold overnight that alotment of money is actualy not tradeable unit next business day. I use to trade e-trade and Fidelity with IRA positions and they hold until trade is settled usualy 3 days, not think or swim. Check it out going to give everyone a heads up and call think or Swim customer service. Its perfect trading the spy Swings system or the trade setups because your money is not held for 3 business trades like traditional brokerages.
Scott
Does anyone know if Rydex
Posted by stevedfw on 2nd of Jun 2011 at 10:45 am
Does anyone know if Rydex mutual funds usually fall under the same 3 day rule that most use?
not in my account, however,
Posted by 8899 on 2nd of Jun 2011 at 11:46 am
not in my account, however, i am only allowed to trade in that account one hour before closing so i am unable to use that account for this system due to the last minute signals...i think you's have to check to see what kind of time limits you have...
Thanks Scott! Very helpful. --Jack
Posted by jackbnimble on 2nd of Jun 2011 at 10:40 am
Thanks Scott! Very helpful.
--Jack
thanks for the post, should
Posted by matt on 2nd of Jun 2011 at 02:12 am
thanks for the post, should be very helpful to those here!