Trading Glossary
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Abandoned Baby
A candlestick pattern in technical analysis that consists of three candles, indicating a potential reversal in trend. It is formed by a doji candle sandwiched between two large candles, with a gap between the doji and the preceding or following candles, suggesting a shift in momentum.
Account Balance
The total amount of funds available in a trading account, including cash, securities, and other assets.
Account Deficit
A negative balance of trade or payments.
Account Extension
If you are performing well and you meet all Challenge’s criteria, you are eligible to buy an Extension. For example, you have 3 days before the challenge ends, you have the option to extend your trading period timeframe by an additional 30 days. This will allow you enough time to reach the Profit Target(s) without having to start over.
Account Extension
If you run the risk of breaching the trading parameters during your challenge, you are eligible for a Reset at a discounted price. A new account will open with the remaining days of the challenge. If you have chosen to reset your account 5 days after your initial purchase, then your fresh account will start with the remaining 25 days. There are no limits as to how many resets you can get. If you breached your account, don’t worry, we will email you a unique link that will still allow you to reset and resume your challenge.