Alumina is the common name given to aluminum oxide (Al2O3). Alumina is produced from bauxite, an ore that is mined from topsoil in various tropical and subtropical regions. The Bayer process, discovered in 1887, is the primary process by which alumina is extracted from bauxite.
Day Trading FAQs. Q. What is the definition of a Pattern Day Trader? A. FINRA defines a Pattern Day Trader as any customer who executes four or more day trades within five business days, provided the number of day trades is more than 6% of the total trades in the account during that period.
In 2001, the rules for Day Trading were significantly changed based on how frequently an online trader makes this kind of trade. If a trader exceeds a certain number of day trades within a short period of time, the trader's brokerage firm is required to mark the account as that of a Pattern Day Trader (PDT).f a trader makes only three day trades or less during this period, he or she is not considered a Pattern Day Trader. There are both pros and cons to having a Pattern Day Trade account. Because of this, a trader may elect to be labeled as a Pattern Day Trader before exceeding the three day trade limit.