Common use of Pattern Day Trader Clause in Contracts

Pattern Day Trader. Alpaca will monitor trading activities in Alpaca accounts and alert those customers at risk of qualifying as “pattern day traders.” A pattern day trader, as defined under FINRA Rule 4210(f)(8)(B), is any customer who executes four or more day trades within five business days, provided the number of day trades is more than six percent of the total trades in the account during that period. All Alpaca accounts designated as a pattern day trading accounts will be required to maintain $25,000 equity at all times in order to continue day trading. I acknowledge it is important that I fully understand the risks involved in day trading securities, as described in the Day Trading Risk Disclosure.

Pattern Day Trader. Alpaca will monitor trading activities in Alpaca accounts and alert those customers at risk of qualifying as “"pattern day traders.” ". A pattern day trader, as defined under FINRA Rule 4210(f)(8)(B), is any customer who executes four or more day trades within five business days, provided the number of day trades is more than six percent of the total trades in the account during that period. All Alpaca accounts designated as a pattern day trading accounts will be required to maintain $25,000 equity at all times in order to continue day trading. I acknowledge it is important that I fully understand the risks involved in day trading securities, as described in the Day Trading Risk Disclosure.