Over-night positions are trading positions that are neither closed nor liquidated at the end of the trading day. Over-Week positions are positions which are not closed at the end of the week and which remain open when the Monday Globex session resumes.
In accordance with Phidias Propfirm trading rules, all positions must be CLOSED before the end of the trading day for Fundamental accounts. Positions on SWING accounts can remain open over-night and over-week, with a lot size corresponding to the size of your account.
Failure to close a position before market close will result in account disqualification. This rule is only valid for FUNDAMENTAL accounts, SWING accounts are of course excluded from this rule because we authorize Over-Night and Over-Week with these types of accounts.