​Weekly SIM-Funded Competition

• Registration Deadline: Every Sunday 12:00 pm est.

• Competition Start: Every Sunday 6:00 pm est.

• Accounts will not be seen in Rithmic or on Platform until Competition Start.

• Available For Payout per Competition is limited to the total amount collected from net Registration Fees minus a 20% business charge to Tenacity Trading.

• Available For Payout will be calculated daily EOD from the sum of PnLs in a Competition. 

• Individual account holders (“Traders”) are allowed five (5) Accounts per Weekly SIM-Funded Competition.

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Equilibrium

• Equilibrium means when the total profit of all Accounts in a Competition is within 5% of the original available for payout.

• At Equilibrium, the Competition is complete and there are two outcomes:
  • Account Balance(s) above $2,500: profits are transferred to a Live Funded Account. ​
  • ​​Account Balance(s) below $2,500: receive 90% of profits as a payout.   

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Competition Outcomes

• Equilibrium is within 5%, the Surplus Funds are dispersed to all positive Accounts in the Competition proportionally.​​​​

• Equilibrium is Exceeded EOD, Account Balances are reduced proportionally.

• Competition Opt Out when 1% of Accounts remain in a Competition, remaining Traders may choose to opt out and take their full Balance to a Live Funded Account.

  • All failed accounts from the Competition are offered a Second Chance Competition for a $35 fee.​

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Contracts

• $50K Competition Account: 1 Mini Contract (10 micros).​​​​​​​​​​​​​

 

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Maximum Drawdown​

• $50K Competition Account: $48,000.​​​​​​

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Minimum Days​

• $50K Competition Account: 1 Day.

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Fee

• $50K Competition Account One-Time Fee: $500​​​​​​​​​​​​​​​​.

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Live Funded Account 

• Traders will control one Live Account combining their total Account Balances above $2,500 at the completion of the Competition. 

• Traders ARE permitted to purchase Competition Accounts after receiving a Live Funded Account.

• Results from future Competition Accounts are combined with a Trader's single Live Funded Account. 

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Contracts

• ​Starting $2,500 Live Funded Account: 2 Mini Contracts (20 micros).​​​​​​​​​​​

  • Contract limits increase with account growth.​​​

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Minimum Days​

• Live Funded Account: 15 Profitable Trading Days​​.

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Fee

• Live Funded Account monthly fee: CME Fee​​​​​​​​​​.

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Live Funded Payout Guidelines​​

• The Trader will receive 90% of the total amount requested per payout. 

• Payout request cannot be edited or canceled.​

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Payout Requirements

• ​​​A minimum of 15 Profitable Trading Days are required to qualify for the first payout. 
• A “Profitable Trading Day” is counted as an EOD PnL of +$100.
• Subsequent payouts can be taken at anytime after first payout qualification, subject to a minimum of $500. 

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​​Hedging

• Hedging is strictly prohibited at all times.​

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Compliance

• Tenacity Trading actively monitors all Traders and will notify you of any violations. ​​​​​​​​​​​​

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