Pattern day trader: Difference between revisions

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Latest revision as of 22:59, 12 February 2025

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{{Short description|Type of stock trader}}

{{Use American English|date=June 2020}}

{{Use mdy dates|date=June 2020}}

{{howto|date=April 2024}}

FYI THIS IS AN UNCONTISTUTIONAL LAW AND IS ONLY DESIGNED TO KEEP LOWER AND MIDDLE INCOME PEOPLE FROM GROWING THIER WEALTH. IF THE GOVERNEMNT WERE REALLY CONCERED ABOUT US RISKING OUR MONEY OF GAMBLES SHOULDNT THEY LOOK AT CASINOS?

In the [[United States]], a '''pattern day trader''' is a [[Financial Industry Regulatory Authority]] (FINRA) designation for a [[stock trader]] who executes four or more [[Day trading|day trades]] in five business days in a [[margin account]], provided the number of day trades are more than six percent of the customer's total trading activity for that same five-day period.<ref>{{cite web|title=Pattern Day Trader|url=https://www.sec.gov/fast-answers/answerspatterndaytraderhtm.html|website=SEC.gov|publisher=[[Securities and Exchange Commission]]|date=February 10, 2011|accessdate=June 1, 2020}}</ref>