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.
True day traders do not own any stocks overnight because of the extreme risk that prices will change radically from one day to the next, leading to large losses. Day trading is an extremely stressful and expensive full-time job. Day traders must watch the market continuously during the day at their computer terminals.