How eliminations work
At the 4:10 PM ET close on Days 1 to 9, every trader still in the competition is ranked by net P&L. The bottom 20% are eliminated.
You are also eliminated if you:
Hit the daily loss limit ($2,000)
Hit the trailing drawdown ($3,000, EOD trailing)
Do not place at least 1 trade that day
Day by day
Days | Eliminations | Buy-back |
Days 1 to 8 | Bottom 20% at each close | Available ($20) |
Day 9 | Bottom 20% at the close | Locked |
Day 10 | None. Day 10 sets the final leaderboard | Locked |
Buy-backs
If you are eliminated on Days 1 to 8, you can buy back in for $20 between 5:30 PM and 7:45 PM ET the same evening. You start the next session on a new $100K competition account at $0 P&L.
Important: buy-backs are locked for Days 9 and 10. If you are eliminated on Day 9, you are out of the competition.