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| Definitions by InvestorWords.com |
| What is...? |
| Pattern Day Trader Indicates that if you regularly buy and sell the same security on the same day in a margin account and execute four or more such trades within five business days, you are a "pattern day trader". Note: Your buying power is subject to NASDAQ Rule 2520 which requires that you to maintain a minimum equity of $25,000 in your account prior to any day-trading activities. For details, see the NASDAQ notice at http://www.nasdr.com/pdf-text/0126ntm.txt. |
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