Prohibition of Gambling Practices
Engaging in inappropriate risk management practices, such as gambling, “all-in” trading, or excessively leveraging positions, is strictly prohibited. Trading activity that resembles gambling—such as consistently placing trades prior to news releases or other binary events—will not be tolerated. Excessive risk-taking and gambling are defined by the percentage of an account risked in a single trade […]
What is a Hard Breach rule?
Hard breach means that you violated either the Daily Loss Limit or Max Trailing Drawdown rule. Both rules constitute a hard breach. In the event you have a hard breach, you will fail the Assessment and have your Live Account taken away. However you may purchase a New Plan and start over.
How do you calculate the 5% Daily Loss Limit?
The Daily Loss Limit is the maximum your account can lose on any given day. Daily Loss Limit is calculated using the previous day balance which resets at 5 PM EST. Unlike other firms, we do NOT base our calculations on previous day equity since the balance-only model allows you to scale gains without fear […]
Is there a breach for inactivity?
Yes. If you do not place a trade at least once every 30 days on your account, we will consider you inactive and your account will be breached.
