Is scalping allowed at SiegFund? Are there any rules regarding a minimum holding period for positions?
In the Sieg Evaluation, you are welcome to use the scalping strategy—no worries about canceled trades if you take profits through scalping. However, keep in mind the minimum trading day requirements. For the 1 Step Evaluation, the minimum is 3 trading days. For the 2 Step Evaluations, the minimum is 4 trading days in Phase 1 and 2 trading days in Phase 2.
We value consistent profit-taking, so here’s the requirement: achieve a net Daily P&L equal to or greater than 1% of your starting balance on 3 separate days. For example, if you’re trading on a $400,000 account, you need to trade for at least the required number of days, with 3 separate days’ net P&L totaling at least $4,000.
If you hit the target but don't meet the daily P&L requirement, you will receive a new evaluation account to restart. If you encounter a soft breach during Phase 2, we will issue a Phase 2 evaluation account instead of starting over from Phase 1.
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