No, overnight positions are not allowed at Taurus.
All trades must be closed at least 5 minutes before the market closes for the day. Any open positions that are still active at that time will be automatically closed by the system.
Key Rules for Holding Positions at Taurus:
- Trades must be closed at least 5 minutes before market closure.
- No overnight holding of positions is allowed.
- Any open trades past this time will be forcefully closed by the system.
Why is Overnight Trading Not Allowed?
- Risk Management: Holding positions overnight exposes accounts to significant risks due to price gaps at market reopenings.
- Market Volatility: Overnight price fluctuations can be unpredictable, leading to uncontrolled losses.
- Prop Firm Protection: Since Taurus operates in a simulated environment, we ensure that trading remains within structured risk parameters.
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