an individual who executes four or more day trades within five business days, provided that the number of day trades is more than 6% of the trader's total trading activity over the five-day period. Individuals who meet the definition of pattern day traders must open special day trading accounts that are subject to specific requirements.
Series 24: Pattern Day Trader
Taken from our Series 24 - FINRA General Principal Qualification Examination
Definition of the term Pattern Day Trader...
Since you're reading about Series 24: Pattern Day Trader, you might also be interested in:
Please Enable Javascript
to view this content!
to view this content!