https://autoshares.com What is IRA Limited Margin? IRA Limited Margin (ILM) allows you to trade in margin without triggering trading restrictions, such as good faith violations, typically received in a cash account. ILM does not allow borrowing against existing holdings, creating cash or margin debits, short selling of securities, or selling naked options. It allows for day trading of stocks and limited options (supplemental limited margin and option agreement required) in the IRA. Type of ac...