I open a position and the second I…
I open a position and the second I opened it my account went into liquidation. The worst $150 ever spent!
Response from Elite Trader Funding
We understand that you may have concerns about the evaluation process and the determination made regarding your account. Our team reviewed your account and noticed that you were liquidated due to taking sizable leverage on Natural Gas (10 Contracts) and the Nasdaq Mini (10 Contracts) around the same time.
As a trader, it is important to understand the risks associated with taking this type of leverage while trading. Traders are encouraged to practice proper risk management when entering trades. This is precisely why we have an evaluation process for our traders. We strive to ensure that all traders who are given access to our platform and qualify have the necessary skills and sound risk management to manage trades effectively.
As a trader, it is important to understand the risks associated with taking this type of leverage while trading. Traders are encouraged to practice proper risk management when entering trades. This is precisely why we have an evaluation process for our traders. We strive to ensure that all traders who are given access to our platform and qualify have the necessary skills and sound risk management to manage trades effectively.