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Strategies & Market Trends : DAYTRADING Fundamentals
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To: M CAHILL who wrote (1655)7/8/1999 2:24:00 AM
From: -  Read Replies (1) of 18137
 
<re: day-trading in your IRA account> No problem with day trading in an IRA from a phone/web brokerage, at least with Schwab it works. No margin, no options (except covered calls), no shorting. No wierd margin calculations as you describe, I suspect that's your broker (who is it, if you please?). Direct Access brokers (at least those clearing through Southwest) not on to servicing pent-up IRA demand yet, for various reasons. Others here, more expert on this topic can elaborate.

-Steve
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