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What is Pattern Day Trading?

Crypto Terms Glossary: What is Pattern Day Trading?

A pattern day trader (PDT) is a regulatory classification for a trader who executes more than four margin trades per day during five consecutive business days. The PDT designation places specific limits (to limit excessive risk and detrimental habit-based trading) on trading for a trader and can result in an exchange banning a trader for up to 90 days in order to remain compliant with NYSE (New York Stock Exchange) regulations.

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