An SEC designation applying to any individual who buys and sells a particular security in the same trading day at least four times in a five-day period, and for whom same-day trades make up at least 6% of the trader's activity during that period. Pattern day traders are subject to special rules.
Related information about pattern day trader:
- Pattern day trader - Wikipedia, the free encyclopedia
Pattern day trader is a term defined by the U.S. Securities and Exchange Commission to describe a stock market trader who executes 4 (or more) day trades in 5 ...
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Feb 10, 2011 ... FINRA rules define a “pattern day trader” as any customer who executes four or more “day trades” within five business days, provided that the ...
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- Pattern Day Trader Definition | Investopedia
An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades ...
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Learn about Day Trading FAQs and Pattern Day Trader from the Knowledge Center at Scottrade.com - your online investing firm.
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May 7, 2007 ... Just so we're all on the same page… on February 27, 2001 the SEC, at the behest of the NASD and NYSE, instituted a set of restrictions which ...
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Jun 4, 2008 ... “A pattern day trader is defined in Exchange Rule 431 (Margin Requirement) as any customer who executes 4 or more round-trip day trades ...