You would only have the settled funds problem if you were
trading greater then 50% of your account i.e. if you traded say 20%
or 30%, well then you still have 80% or 70% of your funds left for
a new trade right away. Again for the guys trading their
whole trading accounts, then yes this would be a problem, but that
is NOT PRUDENT money management.
Now yes if you accidentally bought and sold that could be an
issue, but that's on you, and realize that I made this system
for people to use for their trading accounts and to trade the
S&P 500 in a systematic methodical way, it was not made for
restrictive accounts. However I'd say in > 99% of the
trades, this would not be an issue at all.
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again this has been covered,
If trading SPY system using IRA account, can you sell in the morning and buy in again after the close if you are using 50% of the money?
Posted by matt on 15th of Jun 2011 at 07:51 pm
again this has been covered, here's a prior thread
http://breakpointtrades.com/blog/post/156094/
You would only have the settled funds problem if you were trading greater then 50% of your account i.e. if you traded say 20% or 30%, well then you still have 80% or 70% of your funds left for a new trade right away. Again for the guys trading their whole trading accounts, then yes this would be a problem, but that is NOT PRUDENT money management.
Now yes if you accidentally bought and sold that could be an issue, but that's on you, and realize that I made this system for people to use for their trading accounts and to trade the S&P 500 in a systematic methodical way, it was not made for restrictive accounts. However I'd say in > 99% of the trades, this would not be an issue at all.