I don't even know what the three day wait rule is, but the
answer is that you can't do it. You can't trade 1 min or 5
mion or 15 min or even 60 min charts if your're timeframe can't be
less than three days. Maybe you could trade a system on the
daily charts, but probably not even that. You need to do
these more in a trading account, not an IRA or 401k
Posted by littlemule on 30th of Dec 2008 at 05:57 pm
Retirement account trades must be done with "settled funds"
which is the trade day plus 3. If you sell today, proceeds from
this trade is available Monday. For example Tuesday is trade day,
day 1 is Wed, day 2 is Fri because market is closed Thur, day 3 is
Mon. You can trade any time frame as long as you use settled funds.
Divide your trading money into 3rds or 4ths, trade only 1 position
and you should nearly always have settled funds available.
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I don't even know what
Mechanical Systems results today:
Posted by Michael on 30th of Dec 2008 at 05:06 pm
I don't even know what the three day wait rule is, but the answer is that you can't do it. You can't trade 1 min or 5 mion or 15 min or even 60 min charts if your're timeframe can't be less than three days. Maybe you could trade a system on the daily charts, but probably not even that. You need to do these more in a trading account, not an IRA or 401k
Yes exactly, these 15 min
Posted by matt on 30th of Dec 2008 at 05:12 pm
Yes exactly, these 15 min and 6 min systems are for trading accounts, not for 401k acccount.
3 DAY RULE
Posted by littlemule on 30th of Dec 2008 at 05:57 pm
Retirement account trades must be done with "settled funds" which is the trade day plus 3. If you sell today, proceeds from this trade is available Monday. For example Tuesday is trade day, day 1 is Wed, day 2 is Fri because market is closed Thur, day 3 is Mon. You can trade any time frame as long as you use settled funds. Divide your trading money into 3rds or 4ths, trade only 1 position and you should nearly always have settled funds available.