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 business days in a margin account, ...
Pattern Day Trader
A "pattern day trader" is defined as an account that makes 4 round-trip day trades (buying and selling the same security in one day) in any rolling 5 business day period.
Pattern Day Trader Status
The SEC has put a barrier in place to protect investors which requires investors to maintain a minimum balance in their accounts if they plan on making at least 4 round trip day trades in a 5 day period.
Pattern Day Trader
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 make up at least 6% of their activity for that period.
Pennant ...
Pattern Day Trader
SEC term for traders who trade (buy and sell) more than 4 times a day in any given stock over a period of 5 days and for whom the same-day trades makes up of more than 6% of their activity for that period.
Penny Stock ...
The term pattern day trader is defined as a margin customer who will buy and then sell or will sell short and then buy the same security on the same day, four or more times in five business days.
pattern day trader An SEC title applying to any individual who buys and sells a particular security... pawn broker A small lender who lends money at a high interest rate, and holds some of the borrower's personal goods as collateral.
If you are classified as a "pattern day trader", your margin trading account will have four times the account value in purchasing power. A pattern day trader is also required to keep a minimum account balance of $25,000.
On February 27, 2001, the SEC approved rule changes for margin requirements for those who are considered "pattern day traders".
Under the rules of NYSE and the Financial Industry Regulatory Authority (FINRA), customers who are deemed "pattern day traders" must have at least $25,000 in their accounts and can only trade in margin accounts.
- A trader who executes four or more day trades in five business days will be referred to as a Pattern day trader by the Securities and Exchange Commission.
Under the rules of NYSE and NASD, customers who are deemed "pattern day traders" must have at least $25,000 in their accounts and can only trade in margin accounts.
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 See also: Day trader, Trading, Stock, Trader, Pattern
  
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