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It's just to bifurcate the risk strategies. In any case, you are trading their money and just because it's not your doesnt mean they will let you lose 30K... For a 3 lot trade, you dont need more than 1500 to tradw with certain brokers. It's just that a lot can be efficiently traded with 10K with proper risk and management.
Also, once you pass the combine, it doesnt really matter from which combine you come. With scaling plan, you can get more buying power and increase your daily loss limit by speaking with funds department.
Just wondering when the coupon code will be sent out to register for the combine. Registered my email with the link provided after the webinar. Haven't received an email yet. Just wondering. Thanks in advance.
Well it was around 8pm Tuesday, right? So if filled out then, should have something by 8pm tonight. They did say within 48 hours, which I assume means they send it out manually. But the way the two webinars have gone, I wouldn't hold my breath.
Thanks for response. To clarify my question is can you manually implement stop after the position was entered?
I am talking seconds after. Not wait to see what price does, just if you have to always use atm which automates your stop.
Using a little deductional thinking here, I may be wrong, but since the "Always implement stops with an open position" was removed, that doesn't sound like you have to have a stop. And since you don't have to have one, I assume it wouldn't matter when you actually placed it if you wanted to use one.
First, you no longer have to have a stop. That was in the old rules, changed the beginning of the year. They recommend stops, but do not require them. So put them on whenever you want to, or not.
In the old days, they were OK with you just manually putting it on in a reasonable time. Now, it's totally up to you.
You can check that stops are no longer mentioned in the rules.
It was actually discussed in one of their online chat sessions with @Hoag when the rules were changed: you don't have to have a stop any more. They do recommend it, as a safety measure, but that's all.