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Pattern Day Trader |
Also found in: Wikipedia | 0.39 sec. |
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Pattern Day Trader An SEC designation for traders who make four or more trades (buys and sells) in a particular security in a single day over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period. Notes: An individual deemed a pattern day trader must hold a minimum of US$25,000 in equity in his or her account before he or she is allowed to day trade. This $25,000 equity amount must be maintained in the account at all times since it addresses the additional risks inherent in leveraged day-trading activities and ensures that customers, before continuing to day trade, cover any losses incurred in their accounts from the previous day. |
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