day trade

day trade definition - business

day trade

A trade opened and closed on the same trading day. A purchase and sale of the same security on the same day is an example of a day trade. Likewise, a short sale followed by a covering purchase on the same day is a day trade.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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