The pattern day trader rule is a regulation set by the Financial Industry Regulatory Authority (FINRA), a trading governing body in the US, ‘to discourage people from trading excessively’. The rule ...
Day trading, once exclusively the domain of financial professionals, is now firmly in the mainstream and available to the general public. This has been made possible by the ubiquity of high speed ...
Many traders repeatedly buy and sell assets that could offer same-day profits. These people are called pattern day traders (PDTs). Here, we explore the basics of the pattern day trading rule and ...
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