I want to do some day trading but I don’t want to be limited in the number of trades. How do I avoid becoming a ‘pattern trader?’
The dollar amount that you have in your account does not “tag” you as a pattern trader or any other kind of trader/investor
A pattern traders is one that day trades (buys then sells or sells short then buys the same security on the same day) four or more times in five business days, provided the number of day trades are more than six percent of the customer’s total trading activity for that same five-day period.
So you will not be nor can be considered a pattern trader based on the dollar amount in your account.
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