Series 7 - General Securities Representative Exam

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A Pattern Day Trader is a trader that

Uses technical analysis and chart patterns to trade stocks and options
A
Executes four or more day trades during five business days’ time and in a margin account.
B
Executes five or more day trades during five business days’ time and in a margin account.
C
Trades in in margin account with less than $25,000 in capital
D

Explanations

PDT or pattern day trader is a trader that executes four or more day trades during five business days’ time and in a margin account. A minimum of $25,000 in the trader's brokerage account is required.

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