Our rules are very straightforward. We believe any trader good at risk management can follow those rules.
Here they are:
- 5% Daily Loss Limit (hard breach)
- 6% Max Trailing Drawdown (hard breach)
- Must place a trade at least once every 30 days (hard breach)
- Stop-loss required for each trade (soft breach)
- Flat for the weekend — all positions closed on Friday at 3:45 PM EST (soft breach) (Can we waved with an optional add-on)
- Maximum open positions must not exceed 1/10000th the size of the Assessment account (soft breach)