John W Elite    Posts: 654 Joined: 10/11/2012 Location: Sydney, NSW, Australia  User Profile | Steve, I don't have an IRA (not a US citizen) so yes, my experience is based on a margin account. However if OV doesn't distinguish a 20% position in a 1X ETF (20% of IRA tied up at broker) from a 20% position in a 3X ETF (60% of the IRA tied up at broker), then it seems to me there is potential for the IRA broker to stop the 3X trade if it would take the account over the 100% allowed. Perhaps you haven't hit the right combo of ETF's to take you over the broker limit yet, or my thinking is skewed because I don't have a proper understanding of IRA's? | |
