Learn pattern day trading, and time your way to the big bucks. A pattern day trader watches the trends of the rise and fall of a certain stock and tries to time the stock perfectly to make a huge short term gain on the stock. If you are considering…
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What does this section of what makes a day trader a "pattern day trader" mean?
i’m a little confused as to what this capitalized section of the definition of a "pattern day trader" means….Can someone please clarify this in layman’s terms please…much appreciated!
A pattern trader is one that day trades (buys then sells or sells short then buys the same security on the same day) four or more times in five business days, PROVIDED THE NUMBER OF DAY TRADES ARE MORE THAN SIX PERCENT OF THE CUSTOMER’S TOTAL TRADING ACTIVITY FOR THAT SAME FIVE-DAY PERIOD.
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