Portfolio Margin account advantages for non options trader
I have a Reg-T margin account with IB that has enough $$$ in it to qualify for a Portfolio margin account. My account includes traditional stocks, ETFs and leveraged ETFs. I do not currently trade options or futures or bonds. 90% long positions, 10% shorts.
Everything I have read on Portfolio margin accounts falls into one of two categories: 1. so vague as to be meaningless to everyone 2. so focused on the great advantages of using option puts with a Portfolio account that it is meaningless to me.
How much of an advantage, from the perspective of increased leverage, is there to having a Portfolio trading account vs. a standard Reg-T margin account for someone like me that does not trade options?
Also, the IB website says there is a way to virtually mimic the Portfolio margin requirements in Trader Workstations using the 'Try Portfolio Margin (Try PM)' feature, I can not find this, has anyone ever used this tool?
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