Day-Trading Rules
Chapters in this video
- 0:00 The disclose, approve, and monitor sequence
- 1:42 The promote trigger: when disclosure is required
- 3:22 The binary approval choice and five profile factors
- 4:45 Pattern day trader repeal and intraday margin deficit
- 6:02 The $1,000 de minimis and 15-business-day lifecycle
- 7:01 The 90-calendar-day restriction after five business days
- 7:46 Rapid-fire exam recap
What this video covers
- The "promote vs. execute" trigger that determines whether a firm must deliver the day-trading risk disclosure before account opening
- The four mandatory warnings inside the bleak risk disclosure statement, including the specific $50,000 profit-impairment threshold
- The binary approval choice at account opening: documented good-faith suitability determination, or written customer agreement not to day trade
- The five customer-profile factors that must be reviewed and retained for a good-faith approval determination
- The repeal of the pattern day trader (PDT) rules (effective June 4, 2026): no more $25,000 minimum, 4-trades-in-5-days, or 4:1 buying power
- The intraday margin deficit framework, including the de minimis carve-out of the lesser of 5% of account equity or $1,000
- The fifth-business-day cure deadline and the 90-calendar-day restriction penalty for creating or increasing short positions or debit balances
Read the full lesson, free
This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Series 24 course also includes adaptive practice questions and spaced-repetition flashcards, free through the end of 2026.