Daytrading from your Roth IRA account...

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.
 
Wonderful idea. Im in the process of rolling
everything over to my IB IRA :)

peace

axeman

Quote from Boomer:

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.
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Hmm.

Roth or any IRA is on a cash basis not margin.
Correct?

Therefore, T +3 applies.

Correct me if I am wrong.

mktman
 
Quote from mktman:

Hmm.

Roth or any IRA is on a cash basis not margin.
Correct?

Therefore, T +3 applies.

Correct me if I am wrong.

mktman
More...

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.
 
Quote from Nelson1980:

Can it be done? I mean, is it legal since you don't have to pay no taxes on any gains.
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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.
 
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