Any of you guys trade stocks/options/crypto for a living?

[JettaKnight]

True at TDA where he trades, not true at Interactive Brokers where I do.

Um, are you saying that IB allows you to borrow money inside a retirement account?


TDA will happily give you a margin account, or a retirement account, but not both - and I believe that's in accordance with Fed. law.

You don't seem to be mentioning any trades that lost money

Well, the markets have been pretty bullish... and given that it's a retirement account, short selling it's an option.

 

[DCR]

For some stupid ass reason, there are a half dozen threads where the links don't work. I cannot access page 2 of this thread, unless I'm not logged in.

ok for JN -- you're talking about margin; I'm talking about leverage. No, I don't think any broker out there will allow you margin in an IRA or Roth. I assume it's the gov't "protecting" us again.
But, I have $50k in a Roth at IB. I believe I have 4x leverage in that account. That means I can trade that entire $50k 4 times over in a day. I can buy a stock for $50k, sell it, buy another stock for $50k and sell, and I can do that two more times today without waiting for funds to settle.

 

[JettaKnight]

For some stupid ass reason, there are a half dozen threads where the links don't work. I cannot access page 2 of this thread, unless I'm not logged in.

ok for JN -- you're talking about margin; I'm talking about leverage. No, I don't think any broker out there will allow you margin in an IRA or Roth. I assume it's the gov't "protecting" us again.
But, I have $50k in a Roth at IB. I believe I have 4x leverage in that account. That means I can trade that entire $50k 4 times over in a day. I can buy a stock for $50k, sell it, buy another stock for $50k and sell, and I can do that two more times today without waiting for funds to settle.

Gotcha. I was unfamiliar with the concept of "leverage".