Pattern Day Trader

Categories: Trading, Careers

See: Day Trader.

It's just a day trader who lives and dies by charts. Whatever the trading pattern says she does, she does.

The have a name for people who do this over the long haul: bankrupt. Trading patterns as harbingers of the future work great. Until they don't.

Related or Semi-related Video

Finance: What are Triple Bottom and Trip...2 Views

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Finance allah shmoop what are triple bottom and triple tops

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All right well this is a triple top It wants

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to break out The stock was trading down here around

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five bucks a share in and glam o it went

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up And yes blam o is the name of the

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company's new anti constipation drug a huge hit So it

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went up up up to hear it Fifteen bucks tripled

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in value in just a few months but then sober

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reality began to hit the investing community There simply wasn't

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enough constipation to go around So the stock began to

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flag and traded down teo here this level at twelve

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bucks But then glam o again released big news a

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partnership with manish of its grandma tsa and the american

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cheese manufacturing association So the stock raced again to fifteen

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But no there just wasn't enough enthusiasm from buyers pay

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more than fifteen bucks a share for it So you

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know that's all despite this newly created a kind of

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market So the stock sank back to twelve only to

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then have investment interest from procter and gamble owners of

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sharman who bought five percent of the company at thirteen

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fifty ish year and left a lot of investors thinking

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surveyed by the whole company complete with its product line

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of anti constipation drinks Waymo glam Oh thankyou memo But

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alas the investment community would not pay up past fifteen

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to share and the stock flagged again sinking back to

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twelve having created a triple top and needing something to

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make things really start you know going So yeah that's

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a triple top What about a triple bottom Well a

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triple bottom and basically just the same thing in reverse

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like this keeps hitting a low point looking like it's

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going tio bottom out further But then it recovers on

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the subject of bottoming out well glam o is now

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available in new chewable gummy form Yeah glam o so

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you never have to worry when your bottoms out

Find other enlightening terms in Shmoop Finance Genius Bar(f)