Day traders are people who trade the same equity within the span of a single day, basically, or that’s the definition at a brokerage. If you were to flip an equ

Day traders are people who trade the same equity within the span of a single day, basically, or that’s the definition at a brokerage. If you were to flip an equity a couple times in a single day often enough, you’ll be labeled a “pattern day trader” and you will be legally forced to maintain a minimum balance of $25,000. Someone correct me if I’m wrong.