A pattern day trader is a trader who makes four or more qualifying day trades in a five-day period. To qualify as a pattern day trader, the individual must meet two additional criteria. The person ...

Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a ...

According to Financial Industry Regulatory Authority (FINRA), a pattern day trader (PDT) is someone who trades at least four times over the course of five business days and their day trading exceeds ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Pattern day traders must maintain a $25,000 minimum balance to trade. Accounts are flagged for pattern trading with 4 same-day trades in 5 days. Exceeding day trade limits triggers a margin call, ...