PDT in limited margin IRA >$25k

L

largib

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.
 
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