Can I Still Daytrade My IRA Account?

Discussion in 'Trading' started by version77, Jul 15, 2001.

  1. After the new SEC rule goes into effect, will I still be
    able to daytrade? I know I cannot use margin or go short
    in an IRA account. Will I still be restricted to less
    than 4 trades per week? Or will I be able to do as many
    trades as I want?
  2. Magna

    Magna Administrator

    It is my understanding that you will still be able to daytrade within an IRA as long as you maintain a $25,000 minimum balance. Less than that, and portions of your account may be frozen for various time periods (assuming you meet the criteria of "pattern daytrader" by daytrading 4 times in a 5-day period).

    If anybody is REALLY clear on the new requirements for IRA's please jump in as I would also like to be absolutely sure.