A reset does NOT
change the expiration date on your practice account. You are auto-renewed and auto billed every 30 days until or unless you yourself cancel the account. How do I cancel my subscription?
Also, your 30 day auto-renewal fee does NOT
reset or change your Account Balance. It only extends the expiration date another 30 days. If you have profit, the same profit remains. If you have loss or have hit the max loss, that status remains unchanged as well. If you have hit your max loss, you either need to reset in order to continue trading the account or cancel the account and purchase a new one.
Example. Your 30 day subscription is about to renew in 3 days but you hit your max loss and need to reset to continue. You would pay to reset, but 3 days later you are still billed for the account to extend it another 30 days. In some cases, you might consider cancelling the account and purchasing a new one, versus paying the reset fee and 3 days later charged the subscription fee. (If you cancel an account, do NOT register a new LeelooTrading.com membership. Keep using the same one to login and purchase additional accounts)
A reset basically refreshes the Initial Balance so you can continue trading the practice account you subscribed to. All previous profit or loss are dismissed. You are given a new Account Number, with a reset Initial Balance, and you must now place trades on a minimum of 10 individual days while reaching your total profit target.