So I'm interested in moving my IRA from TD to IB if things are checked out. Specifically, I have the following question: Assume the following: 1. account size > $25k (say $100k) 2. limited margin IRA 3. PDT: Pattern Day Trader designation If I do the following trades (assume all large cap liquid stocks and the prices of these stocks here don't change): Holds $100K stock A at the close In the next morning after open, sell all A for $100K and then buy $100K B Sell all B for $100K and then buy C for $100K before the close Would the above trades have any violations to things like (good faith) or put simply, would the above is allowed? Put it another way, can a PDT with an overnight position day trade the unsettled cash multiple times in the next day after liquidating that position? Thank you
PDT only applies to a margin account with $25K or less, so it doesn't apply in your case. You can trade all you want, as long as it's above $25K.