← Options Glossary Defined by FINRA Rule 4210 as a stock trader who executes 4 (or more) round-trip day trades over the course of five business days in a margin account. However, if the number of day trades is less than or equal to 6% of the total trades made by the trader during that five-day period, the trader will not be considered a pattern day trader.
Pattern Day Trader
This is a definition, not a recommendation. Options carry risk and can expire worthless. See how the desk actually trades at TrueTrader.