PDT in IRA cash account <25k

maybe they want to trade more than 3 times a trading week lol. I don’t blame them for wanting to love the market. Just beware she can be a huge bitch sometimes

 

I’m my experience my portfolio usually always tells me my grand total unsettled and settled funds combine updated live especially if I’m holding.

When you run your program it should tell you how much settled cash you have available to trade. Idk what broke you use but play around and get to them you will find your answer.

 

That’s what I was saying . If the want to day trade keep it as a ira margin account

 

A IRA Margin account is limited. Can't short. I'd rather trade more often and have a settlement period. When I'm over 25k, then a margin account makes sense.

 

Ok I understand . Yes you can’t daytrade under $25 k ira margin either . But you can’t short in any Ira anyway . You can play options . Not sure if it’s under $25k

 

This is why people trade Options cause that's 1 way around this hateful PDT crap ( was trading US stocks when this came in, ruined me )

Why most of us, me included trade futures ( well Spot in my case ), no PDT rules, in and out all day long without the worry.

 

Exactly ...AFAIK. So when an IRA is under 25k, do you want no settlement (margin acct)? Or no PDT rule (cash acct)? That's the way I look at it since you can't short anyway. You can long inverse/leveraged ETFs.

 

But IRA Margin >25K surely no free running rule and you can day trade, just only with longs??

So go back to Margin account I think.

 

Yes.

 

Hey OP no disrespect to your craft. Day trading can be fun, but the more you play the more chances you have to lose.

solid longs can beat many quick scalps just my 2cents.