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What is the definition of a day trader?

Hanamant Kullur

23/03/2017 10 0 View Comments

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What is the definition of a day trader?

Pattern day trader is a term defined by FINRA 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 is more than six percent of the customer's total trading activity for that same five-day period.

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