What makes someone a pattern day trader?

By DayTrader | November 6, 2008
day trader
Mel V asked:


If I buy stocks and sell them the next day and do this once a day, does that make me a pattern day trader if I have more than 4 transactions in a 5 consecutive business days? I’m not buying the stock and selling it the same day.

Great Homes
Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Google
  • Live
  • Spurl
  • StumbleUpon
  • Technorati
  • TwitThis
This entry was posted in Day Trading and tagged , , , . Bookmark the permalink. Comments are closed, but you can leave a trackback: Trackback URL.