Click on any rule for detailed explanations, including the potential consequences of violations, why these rules are critical at DayTraders.com, and practical tips to avoid breaking them. Stay informed and maximize your trading success by clicking through for more information!
Dollar Cost Averaging (DCA) is allowed during both the evaluation phase and the Pro account phase.
News trading is allowed. Trading during news is not recommended as liquidity can drastically decrease and volatility can drastically increase, potentially leading to unfavorable fills. Exercise caution during these times.
30% consistency rule: During the Pro Account, there is a 30% consistency rule. This means that no trading day can be larger than 30% of the simulated profits can be made on one day.
To calculate the minimum account balance to remain below the 30% rule, take the largest profitable day during the most recent trading cycle and divide it by 0.3.
Pro account limit: 5 active Pro Accounts at any given time.
Minimum Daily Profit: Reach minimum trading days and minimum daily profit
No hedging. It is prohibited to be long in one account and short in another account.
No High Frequency Trading (HFT): It is prohibited to use automated high frequency trading.
If a Pro account is failed, you will have to complete another evaluation and convert it to a pro account.
That is it! Good Luck!