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That means you have to close your position before the market closes in the afternoon. Once it reopens, then you can get back in and trade/hold overnight. They just don't want you still in the trade when the market shuts down in the afternoon and before it reopens.
How long does it usually take, after meeting the combine goals, for them to start your funded trader preparation?
I ask because I have met and passed the 30K combine goals last week but was not notified of anything related to starting the next process. I even emailed them about starting the FTP yesterday morning but have not received any answers yet?
You do have to email them at [email protected] to review your combine. They won't monitor it automatically - they only do that for the FTP stage, I believe.
Once you email that address, my experience is they get back to you the next business day.
@gatortick is correct, once you email [email protected] the Funding Team will review your Trading Combine and if you've met the objective, set up your Funded Trader Preparation account within 24 business hours. But regardless, you can expect an email response within 24 business hours.
If you have any questions regarding the status of your request feel free to contact us directly at 888-407-1611.
In the webinar the host mentioned a funded trader is issued a 1099. Is this a 1099B or is it a 1099 misc where you would pay regular tax rates on earnings and also the self employed payroll taxes?
I just learned that I can't do 15 days trail period using Multicharts is it true? If yes, what are my alternatives? I just want to run a trail instead of spending money and directly jumping into combine using Multicharts.