View Poll Results: Should the IFT rule be changed?

Voters
17. You may not vote on this poll
  • Yes

    17 100.00%
  • No

    0 0%
Page 2 of 2 FirstFirst 12
Results 13 to 19 of 19

Thread: IFT RULE - SHOULD IT BE CHANGED?

  1. #13

    Join Date
    Sep 2006
    Location
    Rocky Mountain High
    Posts
    6,521

    Default Re: IFT RULE - SHOULD IT BE CHANGED?

    Guilty.

    Quote Originally Posted by nasa1974 View Post
    I know a few folks that got the cease and desist letter, or feel the full wrath of the government. How many of us actually did a daily IFT back then? I think the most I did was 5 in one month. What I did do for almost a year was the >1% move which averaged about every other day.
    Weatherweenie's Account Talk
    Expected retirement date: November 2023

  2.  
  3. #14

    Join Date
    Feb 2007
    Location
    San Diego, CA
    Posts
    6,937

    Default Re: IFT RULE - SHOULD IT BE CHANGED?

    Guilty - 10 moves in a month for fair value on the I Fund.....wow what a year I had......
    Quote Originally Posted by nasa1974 View Post
    I know a few folks that got the cease and desist letter, or feel the full wrath of the government. How many of us actually did a daily IFT back then? I think the most I did was 5 in one month. What I did do for almost a year was the >1% move which averaged about every other day.
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    100%- I Fund

  4.  
  5. #15

    Default Re: IFT RULE - SHOULD IT BE CHANGED?

    Quote Originally Posted by nasa1974 View Post
    There isn't a specific rule.

    One of our past members kind of had the idea and I ran with it to see what would happen. Basically it is a re-balance of all your funds between .01% and .09%. Your first two moves are your normal IFT allowance, after that you can do the re-balance between funds every day if you want. It really works out every other day. I know I wrote something up about the >1% move but I will have to try and find it.
    https://www.tsptalk.com/mb/members-a...tml#post244338
    Rules:
    - Trade what you see, not what you believe
    - Don't put stuff in your signature that a Mod doesn't like

    "Government exists to protect all people’s rights, not some people’s feelings." - A. Barton Hinkle

    Great Tools:
    http://www.CreditKarma.com
    http://www.Mint.com
    http://www.SaveUp.com/r/nmJ

  6.  
  7. #16

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    9,635

    Default Re: IFT RULE - SHOULD IT BE CHANGED?

    Thanks RMI for finding the thread.
    May the force be with us.

  8.  
  9. #17

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    9,635

    Default Re: IFT RULE - SHOULD IT BE CHANGED?

    Some corrections. It's <1%, I always confuse < & > and it is .01% to .99%.

    Thanks again to RMI for finding the 2009 thread.
    May the force be with us.

  10.  
  11. #18

    Join Date
    Jul 2012
    Location
    Honolulu, Hawaii
    Posts
    1,786

    Default Re: IFT RULE - SHOULD IT BE CHANGED?

    I think it should be. As others said, I don't mind paying a fee for a transaction. In a lot of cases, it could save you a ton of cash.

    Look at today for instance, I sold a TNA and FAS position for a small gain (stopped out at +1% on both), but if I was forced to hold, it would have been a near double digit percentage loss on both positions. Possibly more than that, since with the IFT delay, I'd be forced to hold both today and till the end of tomorrow, if I were to request an IFT now.

    I'd rather pay $10 for 2 transactions than lose 3-4% of my account any day.
    I trade based on volume + price action. Price action alone only tells half the story.


  12.  
  13. #19

    Join Date
    Feb 2013
    Location
    Maryland
    Posts
    2,563

    Default Re: IFT RULE - SHOULD IT BE CHANGED?

    So I just completed the poll question above. 100% of the people want the IFT rule to be changed and 0% of the people do not. That tells me that the rule will never be changed because the folks want it.

    Could you imagine if everyone had to play by the same rules as we do...
    But first...Coffee

  14.  
Page 2 of 2 FirstFirst 12

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
SPY (C Fund) (delayed)
IFT RULE - SHOULD IT BE CHANGED?
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
IFT RULE - SHOULD IT BE CHANGED?
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
IFT RULE - SHOULD IT BE CHANGED?
(Stockcharts.com Real-time)
AGG (F Fund) (delayed)
IFT RULE - SHOULD IT BE CHANGED?
(Stockcharts.com Real-time)