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Everything posted by ryanp37
I have always heard that if you have less than 25K in your brokerage account you must keep same day buy sells to 3 or less over a 5 day period. I have an IRA brokerage account with over 25K in the account. Am I subject to the 3 trade 5 day thing? Will I get a nasty gram from my brokerage if I exceed that? I have read somewhere that the only restriction is that you need to use settled funds but I don't know if there's any unique caveats given that its an IRA. Any insight would be greatly appreciated. Thanks!