The rule only applies to Funded Live traders.
- Traders who graduate from Funded Sim to Funded Live will have position limits set according to the evaluation account from which they graduated, but these limits may be adjusted based on the balance transferred from the Funded Sim account.
- If trading losses cause the Funded Live account balance to go below $500, all positions will be liquidated to account for possible slippage.
- Any funds remaining in the account after this will be paid to the trader at the 80/20 split.
Please note: The Head of Trading reserves the right to increase the slippage limit if a trader is considered a high-risk trader or during times of extreme market volatility. In both cases, the trader will be notified.
Why do we have the slippage rule?
TradeDay funds traders in the live market with real capital and manages risk as a professional trading group.
The slippage rule helps TradeDay protect capital from slippage during aggressive and volatile market moves.
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