Pattern day trading definition

Pattern day trading means executing four or more day trades within five business days if the number of day trades exceeds six percent of the total trades during that period.

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Examples of Pattern day trading in a sentence

• As a holder of an “Instant Deposit” account, Customer may not engage in “pattern day trading.” Pattern day trading occurs when Customer initiates four or more day trades within five business days, provided the number of day trades are more than six percent of Customer’s total number of trades for that same five day period.

• Customer may not engage in “pattern day trading.” Pattern day trading occurs when Customer initiates four or more day trades within five business days, provided the number of day trades are more than six percent of Customer’s total number of trades for that same five day period.

• As a holder of an Instant Deposit account, Customer may not engage in “pattern day trading.” Pattern day trading occurs when Customer initiates four or more day trades within five business days, provided the number of day trades are more than six percent of Customer’s total number of trades for that same five day period.