Trading in my IRA accounts was re-enabled Friday afternoon and remains available. I suspected they were back peddling. That they'd allow it for some time, provide a proper announcement, and disable it again sometime soon. That way they don't upset anyone who hadn't noticed yet. I haven't been executing in them though, never know when your orders are going to go dead again.
The following 2 users say Thank You to danjurgens for this post:
No such luck here. No permission. I also heard that Advisor accounts are still able to trade futures in clients' IRA. So, a real murky and uncertain situation and still no formal announcement of any kind that I know of.
As a follow up to the reversal policy e-mail, I called up IB customer support, and they are stunned at the CS team level.
On another note, I actually logged a ticket to speak with someone from management earlier this week. Amazingly someone did call (I cannot remember his name, except that he worked for Bear Stearns and traded the pits for 25 years). This was no more than 48 hours ago, and he emphatically told me in a polite way that this decision was final. The decision was made from one of the top three execs.
Well, it would appear that he got shot down by the other two... In any case, I told customer service today that their clients have got to be besides themselves on this insane move. There was no comment - which I took as tacit agreement.
The following user says Thank You to harvester for this post:
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.