Can you daytrade in an 401k/IRA account

Discussion in 'Trading' started by Adobian, Dec 9, 2008.

  1. SForce

    SForce

    PDT rules apply to margin accounts only. Some brokers enforce the rule properly, some enforce it on all (cash and margin) accounts, which is wrong.

    The bigger problem is with T+3 if you're trying to daytrade stock in a cash account and is the only real thing that prevents you from doing it to any real successful means(IMO). Options are a bit easier to daytrade in a cash account and you wouldn't be breaking any rules if you're under 25k.

    I don't know anything about IRA/401k stuff.
     
    #21     Dec 9, 2008
  2. Adobian

    Adobian

    Thank you thank you thank you .... I will never hold more than what I have available in the account. But I need daytrading allowance. And yes it's more than $25Kin balance. Looks like IB will get my business.
     
    #22     Dec 9, 2008
  3. Really?

    Although irrelevant to me, this is good info.
     
    #23     Dec 10, 2008