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What is a pattern day trader (PDT)?
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What is a pattern day trader (PDT)?

A pattern day trader is a regulatory designation for investors that execute four or more day-trades during five business days’ time. The PDT rule applies to margin accounts only. If your margin account receives this designation while it has a net account value below $25,000, an EM call occurs.

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If a margin account has $25,000 or more, you will always have unlimited day trade opportunities; it does not matter if your account is flagged with a PDT. 


Please note the PDT rule does not apply to cash accounts.

What is a Good-Faith Violation (GFV)?

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