Daily Loss Limit Breach
The Premiere Plan includes a Daily Loss Limit designed to encourage responsible intraday risk management. This limit is based on the total realized and unrealized losses in a trading day. Once the limit is reached, the account will be automatically placed into liquidation mode for the remainder of the trading day.
Daily Loss Limits by Account Size:
$50K Account: $1,250 Daily Loss Limit
$100K Account: $2,500 Daily Loss Limit
$150K Account: $3,500 Daily Loss Limit
Once the daily loss threshold is breached:
Your account will be restricted from placing any further trades for the remainder of the day.
Liquidation mode will remain in effect until the market closes at 5:00 PM EST and reopens at 6:00 PM EST.
Trading will resume as normal when the new trading day begins. Reaching the daily loss limit does not result in account closure.
Trailing Drawdown Breach
Each evaluation account has a trailing drawdown limit based on realized gains. If your account balance falls below this limit, your evaluation will be terminated. It's crucial to monitor your account balance and understand how the trailing drawdown adjusts with your trading activity.
Drawdown Limits by Account Size:
50K Account: $2,000
100K Account: $3,000
150K Account: $4,500
Holding Trades During Restricted Hours
All trades must be closed by 4:15 PM EST daily.
You may reopen positions at 6:00 PM EST.
Holding a trade between 4:15 PM and 6:00 PM EST violates trading rules and will result in account failure.
Note: If you forget to close a trade, it will be automatically closed for you at 4:15 PM EST — this does not count as a violation unless the system fails due to platform issues.
By adhering to these rules, you maintain your eligibility to progress through the evaluation and move closer to becoming a funded trader. Always ensure you're familiar with all trading rules and guidelines before participating in the evaluation.