Trading around 500K daily with 30K account

last I looked you can trade 50 million a day serially, if you are fast enough.

who cares?

they love you, more commissions.
 
Kind of a side note question but related to the intraday liquidation. How does IB choose which stocks they will liquidate you on? Like say you are long 5 stocks for $20,000 each so 100k total. and you need to reduce that to $90,000. Do they just liquidate $10,000 any random stock, or do they spread it out over a few stocks? Do you somehow get to choose?

BTW, you do not pay interest on the funds borrowed intraday as long as you sell it all before the close.
 
Quote from CA04:

My account at IB is around 30k but I scalp intraday. I put on very large positions when the setup is right. I use stops and never add to a position or average in.

This means that I routinely trade a total $$$ amount of 300-500K every day.

Average winning day is around 500 and average losing day is 250.

I'm wondering if Interactive Brokers will A) care if I do this as long as my account stays above 25K and everything is closed out by EOD
and B) charge me a lot for borrowing so much intraday?

Finally, does anyone know what exact time IB enforces Reg-T and liquidates you? I get a message around 3:45 usually, that says it will commence in under 10min. I've never been liquidated, I'm just wondering if there is an exact time.
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Do you have more cash available outside of your account? It seems like with such a low profit factor (sorry for sounding like mr know it all) that no matter how good your system is, you'll probably blow up your account with that small of a balance a couple of times a year. In the long run, I supp pose it's not a big deal, but have more principle or risk losing your account.
 
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