The sequence resets at 17:00 New York Time each Trading Day. A losing position from the previous Trading Day will not be used as the reference for a new sequence after the daily reset unless a relevant combined position remains open at the reset time.
The sequence also resets at the end of each Payout Cycle. A relevant combined position that remains open may be carried forward into the next Trading Day or Payout Cycle until fully closed or otherwise resolved.
Related Terms: Section 7.13.4