Say you have a little over 25K in your IB account. Over the last week you have done about 20 trades. If you do not trade for 5 days can you swingtrade and let your account go under the 25K without your account getting a margin call? Or is your account pegged as a daytrading account? This is assuming that you do not do more than 3 round trip trades in any 5 day period after waiting for all of your daytrades to clear.
That is the same thing that I want know. Everyone keeps telling me that you have to maintain the 25,000 dollars. But I really don't know. Sorry
What I would also like to know is if you do lose your daytrader status when going under the 25K, can you regain it as soon as you have more than 25K again in your account as long as you were only making 3 daytrades in any 5 day period during your swingtrading "hiatus? Or are you Locked in Forever as being a Daytrader at IB? Or anywhere else for that matter?
>If you do not trade for 5 >days can you swingtrade and let your account go under the 25K >without your account getting a margin call? I never got a margin call. They just didn't allow me to make any more trades, till the time period allowed, or my account went back to 25k >What I would also like to know is if you do lose your daytrader >status when going under the 25K, can you regain it as soon as >you have more than 25K again in your account as long as you >were only making 3 daytrades in any 5 day period during your >swingtrading "hiatus? I remember going in and out of DT status It seemed like it happened intra-day at times Or it may have been an over night wait, at most >Or are you Locked in Forever as being a Daytrader at IB? Or >anywhere else for that matter? Don't know Hope this helps some Mark