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ajtj99

04/28/03 7:46 PM

#102457 RE: urmygold1 #102456

I DONT TRADE A RETIREMENT ACCOUNT

If you read my post, I didn't say you did. I simply asked you to attempt to do day-trade by selling short in your retirement account and get back with us on the results of that endeavor.

I did assume you had a retirement account, so maybe that was a stretch, although odds would say you do have one.
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Emptyhead

04/28/03 8:37 PM

#102466 RE: urmygold1 #102456

I too am under the impression you CAN NOT TRADE SHORT IN A RETIREMENT ACCOUNT.

The idea is with limited funds the stock could potentially run against your trade and you would have to cover with a margin call. You can NOT HAVE MARGIN IN A RETIREMENT ACCOUNT either. You are held to a limited amount of $'s added to a retiremnt account yearly unless it is a KEOG in which case you are limited to 25% of your net business gains(still here it is capped)

IMHO