Multiple accounts seem to be working for staying within the PDT rule guidelines of max 3 trades per 5 business days per account. With 3 accounts that allows me up to 9 trades per week. Considering newness to trading and a personal schedule not yet devoted mainly to trading, living within the PDT rule is not too restricting. I have not yet been able to find / execute 9 trades in a week. Ultimately, it will be nice to streamline all activity in one account - once I reach the $25k level I can consolidate - but for now PDT rule is fine.
Posted Mar 18, 17 6:39 PMbyhuperauxano
Received 1 Karma
I'm in a similar position. I opened two accounts with IB, I didn't even know that you could do that for a long time but it's a great way to save on commissions.
@PlanB Do you have to have the minimum $10k in each IB account and if so why not just 1 account with $25k? My goal is to get to $25k and just go with single IB account.
I'm only 22 so it's only 3000 to open an account if you're under 25. I should've mentioned that. I have 5k in each, trying to get to 25k
I read on Tim Gs Blog you only need 10K to open the account and then you can reduce the amount in it.
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