๐ Definition
The Maximum Position Size refers to the total number of contracts/lots you are allowed to hold open at any single moment in time. This limit is an absolute value, meaning it counts both your long and short positions combined.
If your Maximum Position Size is 5, you could be Long 2 E-mini S&P and Short 3 Crude Oil. The total number of open contracts equals your limit of 5.
๐ Maximum Position Size by Account Size
Your position size limit depends on the evaluation account size you are trading.
| Evaluation Account Size | Maximum Position Size |
|---|---|
| $50,000 | 5 Contracts |
| $100,000 | 10 Contracts |
| $150,000 | 15 Contracts |
Micro products are considered full-sized lots for the purpose of calculating your position size in the Evaluation Account and Funded Account.
This means that 1 Micro contract counts exactly the same as 1 Standard/Mini contract toward your Maximum Position Size.
๐ Example with the Nasdaq
If you have a $50,000 account, your Maximum Position Size is 5.
- You can trade up to 5 NQ E-mini Nasdaq-100 contracts.
- You can trade up to 5 MNQ Micro Nasdaq-100 contracts.
- You can trade a combination, such as 2 NQ and 3 MNQ. Total = 5.
Regardless of whether you choose the standard contract or the micro contract, it counts as 1 contract toward your limit.
This restriction helps ensure you do not expose yourself to excessive risk by trading higher-value contracts.