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.
nkhoi, can you find that thread for us since I can't find it. How can one person have two Roth IRA accounts?
Hmm. Roth or any IRA is on a cash basis not margin. Correct? Therefore, T +3 applies. Correct me if I am wrong. mktman
Yes the Roth is nice, but I hope the Bush LSA plan passes. If it does, then we'll be able to take out the gains tax free whenever we want. http://www.usatoday.com/money/2003-02-03-bush-proposals.htm
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.
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.
Found the previous site nkhoi referred to: http://www.elitetrader.com/vb/showthread.php?s=&threadid=11554&perpage=6&pagenumber=1