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.
Q. Once an account is coded as a Pattern Day Trader, can the account be re-coded as a non-day trading account? A. No, not for a period of 90 days. If 90 days pass without any day trade transactions, your Pattern Day Trading designation will be removed and the surveillance process will start over. As an alternative, you may pay off the margin debit balance, close any short positions and trade in the cash account.