How does the Performance account work?
I am qualified, what is the next step?
When you pass your evaluation and pay the fee for a Performance Account you will start fresh with a new balance of the plan you selected and with a new max drawdown that goes with that plan.
All trades must be closed and all pending orders must be canceled BEFORE 4:59 pm EST
Make sure you understand how Trailing Threshold works. The trailing threshold will trail by the max drawdown until you reach the max drawdown plus $100, i.e., if max drawdown is $2,500 on a $50,000 account, it will stop trailing at $50,100.
NOTE: PA trailing stops at Threshold plus $100, as where Evaluation accounts can continue to trail longer until profit goal is reached. This is a big advantage with PA accounts!
You can trade up to your max contracts. No contracts can be added. You would need to add an additional account instead.
Withdrawals can be made monthly at the last Friday of each month.
EARNMAX Trader, keeps 100% of the first $25,000, and 90% of the profits thereafter.
You cancel your evaluation account and no longer incur the evaluation fee for it.
There is a PA fee of $85 per month, which is an all-inclusive fee for non-professional traders. You continue to get to use the Free Ninja Trader License Key and you have an option to pay a one time fee of $500 as Lifetime Data Fee Per Account , Regardless of how long you are trading the account.
Trade during the news - Can EARNMAX Trader trade his normal Trading Strategy?, EARNMAX does not allow news Trading strategies or news directional or multi directional news trades of any kind, these are prohibited. Straddles, strangles, or any type of news trading is prohibited and considered high risk and the pursuit of lucky windfalls that can place funds at high risk and not accepted.
At least 2 minutes before and after the news, and EARNMAX trader can trade his normal strategy.
COI FOMC NFP and CPI are the only major news, trader won’t be able to trade it.
At no time can a trader be both long and short in their accounts, nor multiple accounts, nor in arrangement with other trader/s. This results in immediate closure of accounts and forfeiture of accounts and funds.
Trader understands EARNMAX is seeking "to fund and payout" traders who follow a consistent trading plan in size, stops, and targets and must have a clear strategy. This means not trading max contracts on one trade, seeking “lucky windfalls” while trading micros the rest of the time, not constantly changing sizes, not dollar cost averaging, not doing high-frequency trading, and being consistent in the trading plan, including your entries, stops, and take profits. Trader funding and paid funded is designed to be a long-term relationship of consistency and steady growth for both parties.
Consistency Rule No more than 30% of your daily profit counts towards target with Trader's recent Trading days.