Day trading refers to buying then selling or selling short then buying the same security on the same day. Just purchasing a security, without selling it later that same day, would not be considered a day trade.

Is there still a Pattern Day Trader designation?

No. Effective June 4, 2026, the Pattern Day Trader designation has been eliminated under amended FINRA Rule 4210. There is no longer a four-trades-in-five-days test. Your intraday trading activity is governed by your Margin Equity and available Intraday Margin Buying Power.

Day trading generally is not appropriate for someone with limited resources, limited trading experience, or low risk tolerance.

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