Once a "Daytrading" account, always a "Daytrading" account?

Discussion in 'Retail Brokers' started by version77, Jun 18, 2002.

  1. 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.
     
  2. ANCHOR

    ANCHOR

    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
     
  3. 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?
     
  4. gerico

    gerico

    I would also like to know about the permanency of DTP at IB.

    Someone to help?
     
  5. >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
    :cool: