Pattern Day Trader(redirected from Pattern daytrader)
Pattern Day Trader
A designation by the SEC of an investor who conducts more than four day trades in any five, consecutive trading days and for whom these trades make up at least 6% of his/her total trading activity. Because of the risk inherent to day trading, the SEC requires all pattern day traders to maintain at least $25,000 in equity in a margin account.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved