What counts as exposure
Limits use remaining acquisition cost including entry fees: $500 per market, $1,000 total, and 20 positions. Buys also need sufficient cash. An account cannot hold both outcomes of a market.
A buy that exceeds a risk limit is refused rather than automatically reduced to fit. This does not cancel an earlier uncertain order; keep checking its original ticket.
Entry prices and closing
A buy’s last price level must be within 15–85 cents, inclusive. An inside-band top price does not guarantee the requested amount can execute inside the band.
Closing is not restricted by the entry price band alone. It still needs a permitted account state, verified market identity, fresh executable prices and depth. A halt or outage can prevent it.