Question: A trader has a soft limit of ( $ 1 0 mathrm { MM } ) USD and a hard limit

A trader has a soft limit of \(\$ 10\mathrm{MM}\) USD and a hard limit of \(\$ 15\mathrm{MM}\) USD. Their current NOP is \(\$ 8\mathrm{MM}\) USD. They purchase \$3MM USD, sell \$2MM USD, and then purchase another \$5MM USD. Which of the following statements is correct? Select ALL that apply.
The desk manager would monitor the position after the initial soft limit breach (after \$3MM USD was purchased)
The trader did nothing wrong as the ending NOP of \(\$ 14\mathrm{MM}\) is less than the combined soft and hard limit (\$25MM USD)
The trader has breached the hard limit
The trader has breached the soft limit
A trader has a soft limit of \ ( \ $ 1 0 \ mathrm

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