Futures positions must be closed near the end of each session due to increased overnight margin requirements. PropShopTrader does not support holding these higher-margin positions overnight. However, traders can resume trading when the Globex system reopens at 6 PM ET.
PropShopTrader permits day trading only, with specific trading times as follows:
- Start of Trading Day: 6:00 PM EST each trading day
- End of Trading Day: 4:45 PM EST the following day
- Sunday Start: Trading resumes at 6:00 PM EST on Sunday night, which counts as part of Monday
- Friday End: The final trading session of the week ends at 4:45 PM EST on Friday
Note: All PST positions must be closed by 4:45 PM EST from Monday to Friday. If not closed manually, the system will close them automatically.
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 autoliquidation. Frequent use of this feature may impact future opportunities, as we monitor autoliquidation 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.