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At the beginning of the Challenge each trader will be given a Zero ($0) balance account. At the end of the competition the trader with the highest Net Balance will win.
Maximum Daily Loss Limit
A daily loss limit is set for $10,000. On any of the 5 trading days in the Challenge, this is the loss limit that will apply to each Challenge account.
A trader may lose = $10,000 per day before trading privileges are suspended for that day. If this occurs traders must wait for the next day to continue. Although risk limits are set behind the scenes, each trader is responsible for not exceeding their daily loss. In the event that a trader is automatically liquidated, the daily loss may in actuality be greater than = $10,000 due to slippage.
Maximum Total Loss
A maximum total loss for each challenge account is $33,000. In the event that an account experiences a cumulative losse (over multiple days) of $33,000 or more, then the traders will not be allowed to continue in the Challenge.
The maximum overall position size during the contest is 2 lots (contracts). A trader may have a 2 lot position in the Bitcoin Futures Contract (BTC).
Minimum Trade Activity
Each participant must make at least one trade per session (day).
CME Group Bitcoin Futures. Ticker BTC.