What are the rules for holding trades overnight or during weekends?

What are the rules for holding trades overnight or during weekends?

Information on Holding Trades Overnight or Over the Weekend and Simulated Crypto Trading.

In both the funded and evaluation phases of ShareAFunds, there are specific rules regarding holding trades overnight and over the weekend, depending on the type of challenge you're participating in:

  • One Phase Challenge:

    • Weekend Holding: Not allowed. You must close all positions before the market closes on Friday, whether you're in the evaluation or funded phase.
    • Overnight Holding: Allowed during weekdays. You can hold positions overnight from one trading day to the next, but they must be closed before the weekend.

  • Two Phase Challenge:

    • Weekend Holding: Allowed in both the evaluation and funded phases. This gives traders more flexibility to maintain positions over the weekend, which can be beneficial for longer-term strategies.
    • Overnight Holding: Allowed during weekdays. You can hold trades overnight throughout the trading week without restriction.
These rules apply consistently in both the evaluation and funded phases, helping traders manage their risk and stay within the guidelines of their chosen challenge.

Holding Trades & Simulated Crypto Weekend Trading

Drawdown Consideration

  1. The maximum daily drawdown resets each day at 5:00 PM EST. To ensure smooth functionality, we recommend that traders avoid executing trades between 4:57 PM and 5:03 PM EST during the drawdown reset window.
  2. Once your last balance or equity (whichever is higher) is recorded for the trading day, your dashboard will update with the new simulated daily breach level. This level indicates the minimum simulated equity your account must maintain to avoid breaching the drawdown limit.





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