Introduction
Our philosophy at Lucid Trading is that LucidTest, LucidPro, and LucidDirect are merely the first steppingstones in an aspiring trader’s journey. Our intention is for traders to utilize these accounts to hone their strategies and build some initial capital. Traders are not eligible to purchase new accounts when they get transitioned to LucidLive. Payments on active LucidTest subscriptions will remain suspended while in Live.
When do traders get moved to LucidLive?
The end game for all prospective traders is to be moved into a LucidLive Account. Traders get moved to live in the following scenarios.
They reach the final payout (payout 6).
Lucid identifies them as a live candidate before they reach the final payout.
What’s different in LucidLive?
Swing Trading
Live traders can hold positions across multiple sessions, as long as they meet standard margin maintenance requirements. If you prefer automatic liquidation before the maintenance window, we can set that up during your LucidLive onboarding.
Risk Settings
Traders who earn a LucidLive Account have proven they can manage risk. You’ll be able to set your own risk parameters (as long as they’re supported by our broker). Lucid Trading enforces only one rule: a mandatory 20% Daily Loss Limit to protect your account. We highly recommend setting a lower DLL for added protection.
Margin Based Contract Limits
In the simulated phases, your max position size is static, remaining unchanged as your account balance goes up or down. Things are different in LucidLive. Your max position is margin based, which means it is based on your account balance. Your position limits will increase and decrease with your LucidLive account balance.
