Pattern Day Trader (Balances Row)

Indicates whether you are considered a pattern day trader.

As per FINRA rules, you will be considered a pattern day trader if you day-trade 4 or more times in 5 business days and your day-trading activities are greater than 6 percent of your total trading activity for that same five-day period.

A pattern day trader must maintain minimum equity of $25,000 on any day that the customer day trades. If the account falls below the $25,000 requirement, the pattern day trader will not be permitted to day trade until the account is restored to the $25,000 minimum equity level.