Daytrading from your Roth IRA account...

Discussion in 'Trading' started by Nelson1980, Feb 6, 2003.

  1. Can it be done? I mean, is it legal since you don't have to pay no taxes on any gains.
  2. nkhoi

    nkhoi Moderator

    yes, see past thread of the very same subject
  3. Boomer


    i was reading an interview in the new active trader about a trader who trades through his 2 roth accounts. he says that this is one of his key success factors, and wonders why so many traders neglect this principle. i would love to hear what others traders have to say about it. i am an inquiring mind also.
  4. Wonderful idea. Im in the process of rolling
    everything over to my IB IRA :)



  5. nkhoi, can you find that thread for us since I can't find it.

    How can one person have two Roth IRA accounts?
  6. mktman



    Roth or any IRA is on a cash basis not margin.

    Therefore, T +3 applies.

    Correct me if I am wrong.

  7. MrDinky


  8. mgkrebs


    Yep, except options are T+1. It would be cool if IB allowed futures trading in an IRA. I don't know why they don't, since some of their competitors do.
  9. Woody


    Yes it can be done. I have a roth IRA that I trade futures with. You need to set up your account with trust company like Northstar.