Why am I disqualified from the competition?
There is different ways to get disqualified from a competition.
Before signing up for any competition, it’s crucial to thoroughly review and understand the specific rules for that competition. Failing to comply with these rules is one of the main reasons traders get disqualified. Below are the most common causes of disqualification:
Breaching the Daily Drawdown Limit: The daily drawdown limit is the maximum amount you can lose in a single trading day. If you exceed this limit, you risk being disqualified from the competition.
Breaching the Maximum Drawdown Limit: The maximum drawdown is the total loss allowed throughout the duration of the competition. If your overall losses exceed this limit, you will be disqualified.
Not Meeting Minimum Trading Days: Some competitions require a minimum number of trading days. For example, if the rules state that you need to trade for at least 2 days, you must open and/or close positions on two separate days during the competition. Please note that the competition "day" starts and ends at 5 PM EST.
For detailed explanations of these drawdown limits, be sure to check out these guides:
Daily drawdown: https://faq.bullrush.com/how-do-you-calculate-daily-drawdown
Max drawdown: https://faq.bullrush.com/how-to-calculate-maximum-drawdown
Understanding and adhering to these rules will help you avoid disqualification and increase your chances of success in the competition.