How to Setup OCO Order on the WebTrader Platform?
A one-cancels-the-other order (OCO) is a pair of conditional orders stipulating that if one order executes, then the other order is automatically canceled. An OCO order often combines a stop order with a limit order on an automated trading platform. When either the stop or limit price is reached and the order executed, the other […]
How to setup STP Order Type on WebTrader?
A stop order is an order to buy or sell a security when its price moves past a particular point, ensuring a higher probability of achieving a predetermined entry or exit price, limiting the investor’s loss, or locking in a profit. Once the price crosses the predefined entry/exit point, the stop order becomes a market […]
Will I still be able to trade right after i reset my account?
Yes, once you reset and your balance is updated, you can trade right away, but if you have already reached the daily max loss, the rest will be placed on the next trading day.
Can IPOs be added to the symbols list?
IPOs cannot be added right away to the challenge symbols list, as per market restrictions need 30 days after you can sell short an IPO.
Why my Buying Power is different than I had on the subscription enrollment?
Subscribers might start with a smaller or different amount till they show a consistent positive return. Increasing and decreasing package size is discretionary-based.
Max Drawdown
If your account balance from the trading report exceeds the Total Max Drawdown, your account’s buying power will be set to $1 until you reset your account.
Max Position Size
The Max Position/Symbol is the maximum shares of one symbol position allowed. For example, if you have a Max Position of 1000 shares, you can only trade up to 1000 shares per symbol. You can trade multiple symbols at the same time.
Daily Max Loss
Your Daily Total PNL cannot reach or exceed the Daily Max Loss Limit at any point during the trading day (9:30am – 4:00pm). If at any time your Total PNL does exceed this amount for your account, any open trading positions may be flattened, any pending orders may be canceled, and your account may be […]
Minimum of 200 Round Trades
Buying and selling a stock equal to one round of trade. Simply put having 400 trades is considered to be 200 round trades. By logging in to your dashboard, you will be able to see and monitor the number of trades you have made throughout your trading period.
