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| Definitions by InvestorWords.com |
| What is...? |
| Pattern Day Trader Status Pattern day trader status is the multiplier for maintenance margin excess that determines your day trading margin buying power. Pattern day trading buying power normally will be four times the maintenance margin excess, but it will be reduced to two times maintenance margin excess if you exceed your day trading buying power and create a day trading margin call. In addition, the minimum equity requirement any time for a pattern day trader is $25,000. This equity must be in your account prior to placing any trades on that day. Source: E*TRADE FINANCIAL |
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