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If you have an IRA with Fidelity, you can trade all of the live long day - just pay the trading fees. You can roll a 401k into a fidelity IRA without them withholding the 20% and do the same thing.
pdonlevy
Basically you would have to have a lot of money, or keep your position size small.
You are subject to the 3 day clearing restriction in any account that does not have margin, and IRA accounts are not allowed to have margin.
That rule was put in place SPECIFICALLY to keep people from day trading money set aside for retirement (and enjoying a tax advantage because of that designation).
muncie birder
With an IRA account you can trade all you want but one of your responders gave you valid advice about pattern day trading and the limitations.
enigmaticarrogantass
yeah, a savings account
Surenuff
If you become a 'pattern day trader' in a brokerage account (meaning you make 5 intraday round-trip trades in a week) you'll then be subject to an additional level of requirements that aren't available to retirement accounts because you need a margin account. And because of the 3-day settlement issue you'll quickly get into a situation where you'll only be able to make a round trip trade every few days--not the kind of action a day trader needs.
personal_finance_101
For most people day trading is a losing option. By the time you add in: fees, taxes and time/effort, most people are in the red. It's gambling and you don't want to gamble with your retirement.
stock_trade_expert
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