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Author: drippinfool Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: Re: trading in IRAs Date: 4/10/2003 10:41 AM
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"What is wrong with trading within the IRA vehicles?"

The host of a local radio investment show in central Texas reminds us that retirement accounts were established to financially secure our retirement years. He points out the danger in exposing those retirement assets to unnecessary risk. The risk of loss from ill-timed trading could be one thing that is "wrong" with trading in an IRA.

However, I believe there are ways to minimize that risk. Limiting the portion of retirement assets devoted to trading is one. Others are the same tools one would use to limit risk in taxable accounts - stop loss orders, conservative price targets, etc.

Personally, I've done a bit of trading in my IRA with modest success. I would hardly call what I do day trading - more like month or quarter trading. I'm slowly learning patience and to control both fear and greed.

Much like other "evils" such as alcohol, tobacco, gambling, etc. moderation is the key.

Good luck and happy trading.

-drip
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