Jim Dean Elite   Posts: 1059 Joined: 10/11/2012 Location: L'ville, GA  User Profile | Nirvana - When you build in logic for the Reg-T 3-day IRA rule (which I hope by now is a given), please also maintain an option for OVest to factor in MARGIN if the user says that it's avail for that IRA account. This is very useful to keep the account more fully vested and to avoid missing watershed market events. Here is a scenario to consider as you design the logic: Even WITH a 100% margin availability, it would be possible to be hit by the Reg-T rule - if OVest decides to "flip" 50% of my money on day one, then "flips" 40% on day two (while 50% is still Reg-T restricted) then attempts to "flip" another 30% (when 90% is still Reg-T) - I'll run into trouble … By "flip" I mean close some positions and open new ones. Thanks. [Edited by Jim Dean on 3/26/2013 6:03 AM] | |
