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Is swing trading allowed?

No, swing or holding trade overnight/over the weekend trading is not permitted in Challenge or Hola Prime Accounts. All positions must be closed by 3:30:00 PM CT—or earlier, depending on the product. Holding trades overnight or across multiple days is not allowed.
Exception: You can open a position on Sunday evening after 5:00 PM CT and hold it overnight through Monday morning.

Click here to view detailed trading hours.