If you don’t manually close your positions by 4:45 pm EST, Rithmic’s auto-liquidation feature will automatically close any open trades.
- Impact on Account Status: Autoliquidation does not necessarily mean your account has failed. If your account balance remains above the trailing drawdown threshold after liquidation, your account stays active. However, if the liquidation results in an account balance below the trailing drawdown, your account will enter fail status and be closed.
- Best Practices: PropShopTrader advises against relying on auto-liquidation. Frequent use of this feature may impact future opportunities, as we monitor auto-liquidation occurrences when assessing traders for potential promotion from Gladiator to Real Prop.
By proactively managing your positions and closing them before the deadline, you ensure better control over your trades and maintain a positive standing within the program.