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AK

21 May 2020

General Investing

Should I use margin account (on Interactive Broker) to engage in day trading?

I am looking to start day trading/ scalping. However, I am faced with Interactive Broker's (IB) T+2 regulations when using a cash account. Meaning to say, I won't be able to trade for 2 days after closing a position.

In this case, should I open a margin account with IB in order to day trade? Assuming that I have 25k USD which allows me to avoid the Pattern Day Trading violation.

Discussion (3)

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Neither margin trade nor daytrading seem a viable long-term solution to the problem of investing, where you can only 'play' with but not against time.

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