Add a check-box at login to identify one's Regulation T status
Add a check-off at login to identify if one is an individual investor (not a day trader) and therefore controlled by Regulation T. The goal is to restrict all activity after login to mimic Regulation T (a long position must have settled --- typically 3 days --- before it can be sold). The spectacular gains of many of the strategies stem in part from the ability to (on paper, at least) benefit from same-day spikes in price on an individual stock. Making this change will allow subscribers to assess strategies more realistically, since we can't do this in real life.
L.J. O'Driscoll
shared this idea
-
Stanley Cornelius
commented
not sure, but with Interactive brokers, you can do this with IRA accounts as they have a IRA margin category you can apply for. which allow you to buy immediately with unsettled funds , but check for sure how it applies to this.