How To Take Unlimited Day Trades In A Webull Roth IRA | Secret Hack

[@TCTrading]

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[@mikelisa76]

The PDT rule is one of the biggest pain in the rear for me. Thanks so much for sharing this tweek. Have a good one. Maybe now I can get in and out of trades without thinking about what number trade I'm on, and focus on trading.

[@TCTrading]

100%

[@JKC112]

Is this a good way to avoid paying capital gain tax?

[@TCTrading]

Potentially, but you just can't pull the money out until retirement age essentially. Otherwise there are penalties and fees

[@fallsnroses]

Let me correct you there. Not till retirement age,till 59 1/2. You can get the funds tax free after 59.5 from Roth IRA. If you want to get profits out too, you must have been deposited your first contribution min 5 years ago.

[@stevedoesstufftv2076]

I have recently been contemplating stopping my contributions to my work 401k and opening my own personally directed roth. I have been trading on webull since 2020. Am I understanding that as long as I have settled funds in my webull cash roth account I can trade as many times as I want with no issues? Being a cash account I may not even be permitted to trade with no settled funds. Or if I am permitted I am subject to GFV rules. Sounds easy enough and really awesome to build your retirement tax free. I'm 51 and need to get busy.

[@cupidok2768]

So I can trade any stocks or is that limitation

[@stevedoesstufftv2076]

@cupidok2768 you can trade any stock symbol the platform you choose provides for trading. I've had a roth ira thru schwab for a about a year. Of course, since I can't stop gambling, of blown it up a few times with options. I'm thinking of calling schwab to remove options trading from my account.

[@pursual]

You are still going to get GFVs if you do multiple trades in a day and use up settled cash. So not unlimited....

[@TCTrading]

yes, you can't use unsettled cash.

[@Richard-eq3og]

Through in-depth discussion Mr Henderson encourages us to regularly focus on our goals in life and then to financially plan with us to reach our aims. This approach fully integrates life plans and the financial plans and makes very good sense.

[@Shaniloka369]

Which IRA did you choose? There are 3 types.

[@stevedoesstufftv2076]

I chose a Schwab Roth IRA

[@cocinandoporherencia2924]

I have a question. If you buy a stock in Roth IRA and sell it at a loss you have to wait 30 days to buy it again, how are you trading the SPY. Do you wait 30 days to make another SPY trade if you sold at a loss ?

[@reffreyt81]

So why not just change your regular webull account to cash and trade until the cows come home? Why piss around with an IRA? Settlement times are no diff. Nor is GFV procedure.

[@TCTrading]

You can do that. Just don't think many people know how the Roth's work and what you are allowed to do in them

[@xmistaxcashxcoll]

Lower tax advantage

[@uiliumpowell4684]

I don't see how that is unlimited. Instant settlment sounds like you could have $25000 in a margin account and buy and sell $25,000 10 times in one day for a total of $250000 capital used ...if it's unlimited.

[@robertdebuck5224]

Can you trade futures in your Roth IRA?

[@johnsonc3399]

Just say many thanks for a very positive meeting yesterday with Mr Henderson Hilly and I came away feeling well satisfied that we are able to continue enjoying life without too much stress on the old finances and should be able to carry on with our present lifestyles for some time to come. Very satisfied with the way you are managing affairs and hope this will continue into the future.”

[@robertdebuck5224]

Because you are NOT TAXED on gains in your ROTH IRA.

[@jamesbond3391]

WRONG