Hubert Senters here.
I’m going to combine this into two different questions and the first question is on bonds am I going to be messing with that day trader pattern rule? And that’s the rule where you can’t have more than three to five trades on within three or four days if you have less than $25,000 in your account. That’s usually just for equity and equity options. That does not apply to the futures or the bond market. You could have have a thousand dollars in your account and you could trade 200 times a day.
Nobody’s going to care. It’s a futures account. So it does not have to abide by the day trader pattern rule. You could have a thousand dollars. You could have $3,000. Just whatever you have in your account you can trade in and out as often as you want as long as you got money in your account. And as long as you meet your minimum on your intraday and your overnight margins.
And then the second question is can I do this in a retirement account or an IRA. Yeah. You can. Most brokerage firms will let you do it. It’s not a big deal. Some of them handle it slightly different. Some of them will just automatically merge it and you fill out a piece of paper work and you’re good to go. Other brokerage firms want you to set up a trust with millennium trust or some other trust company and then route that through your trust but yeah you can.
And if you set up your retirement account in a trust you can trade gold, real estate, businesses anything cryptos in your trust account. But a lot of brokerage firms make it easy nowadays where you just fill out a piece of paper and you’re good to go.
Good luck. And I’ll see you on the webinar.
Hubert.
