pattern day trader

English - English

Definition of pattern day trader in English English dictionary

(Finans) 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, provided the number of day trades are more than six percent of the customer's total trading activity for that same five-day period. As the trader is exposed to the danger of day trading and intraday risks and potential rewards, it is subject to specific requirements and restrictions

Hyphenation

pat·tern Day trad·er

Turkish pronunciation

pätırn dey treydır

Pronunciation

/ˈpatərn ˈdā ˈtrādər/ /ˈpætɜrn ˈdeɪ ˈtreɪdɜr/