Market Closing times & News Trading
Although, hitting your drawdown or daily loss limit are the major reasons for losing an account, not becoming flat for that trading session or trading during US major economic news releases can also be reasons to lose an account (eval and funded).
Prop firms expect you to become flat (no orders / positions) by a certain time of the day, which vary from firm to firm (refer to table below). One also needs to be mindful of market variable market closing times during half days (e.g. July 4th) and close trades appropriately. I have not included that information. Traders can refer to the CME Group Holiday Calendar web page for holiday hours.
News trading policies of prop firms are in included in the table below.
* Leeloo - Can hold in eval, and 3 micros in funded
* Bulenox - Can hold in 10k accounts
* Elite - Can hold Diamond Hands
* Phidias - Can hold swing accounts
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Countries: United States
Importance: High
Disclaimer: I tried my best to consolidate data into one table. Errors happen. The information contained on futuresdeals.com is for informational purposes ONLY. It is not investment advice. Refer to your prop firms' website and their support too.
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