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How does the Daily Drawdown work?
Traders can have a maximum Daily Drawdown of 5% from their starting equity (including all floating losses & profits). The 24-hour period starts at 00:00 GMT+3 server time .
For example: If you have a starting balance of $200,000, 5% drawdown equals a $10,000 loss. If your account falls below $190,000 within any given trading day, you are in violation of the Daily Drawdown rule. On the other hand, if you end the trading day with a profit of, for example, $10,000, your starting capital will increase to $210,000 and your new maximum daily loss will be $10,500.
How do I calculate Daily Drawdown?
The maximum Daily Drawdown is always 5% of your equity at the start of the trading day.
It's important to note that the maximum daily loss of 5% is based on the trader's equity at the end of the day (EOD), which is calculated at 00:00 GMT+3 server time. This includes both the realized and unrealized profit and loss (P&L) of the trader's open positions.
For example, in the case of a 100.000 account, if a trader has lost $4,999 on the first day of trading, their equity at the end of the day would be $95,001. The maximum daily loss threshold would reset the next day, allowing the trader to potentially lose up to $4750.05.
Violation of this rule will result in the loss of your Trading Account. The same Daily Drawdown applies to all 3 phases (Evaluation, Verification, and Funded) of every Challenge.
How does the Daily Drawdown work?
Traders can have a maximum Daily Drawdown of 5% from their starting equity (including all floating losses & profits). The 24-hour period starts at 00:00 GMT+3 server time .
For example: If you have a starting balance of $200,000, 5% drawdown equals a $10,000 loss. If your account falls below $190,000 within any given trading day, you are in violation of the Daily Drawdown rule. On the other hand, if you end the trading day with a profit of, for example, $10,000, your starting capital will increase to $210,000 and your new maximum daily loss will be $10,500.
How do I calculate Daily Drawdown?
The maximum Daily Drawdown is always 5% of your equity at the start of the trading day.
It's important to note that the maximum daily loss of 5% is based on the trader's equity at the end of the day (EOD), which is calculated at 00:00 GMT+3 server time. This includes both the realized and unrealized profit and loss (P&L) of the trader's open positions.
For example, in the case of a 100.000 account, if a trader has lost $4,999 on the first day of trading, their equity at the end of the day would be $95,001. The maximum daily loss threshold would reset the next day, allowing the trader to potentially lose up to $4750.05.
Violation of this rule will result in the loss of your Trading Account. The same Daily Drawdown applies to all 3 phases (Evaluation, Verification, and Funded) of every Challenge.
How does the Daily Drawdown work?
Traders can have a maximum Daily Drawdown of 5% from their starting equity (including all floating losses & profits). The 24-hour period starts at 00:00 GMT+3 server time .
For example: If you have a starting balance of $200,000, 5% drawdown equals a $10,000 loss. If your account falls below $190,000 within any given trading day, you are in violation of the Daily Drawdown rule. On the other hand, if you end the trading day with a profit of, for example, $10,000, your starting capital will increase to $210,000 and your new maximum daily loss will be $10,500.
How do I calculate Daily Drawdown?
The maximum Daily Drawdown is always 5% of your equity at the start of the trading day.
It's important to note that the maximum daily loss of 5% is based on the trader's equity at the end of the day (EOD), which is calculated at 00:00 GMT+3 server time. This includes both the realized and unrealized profit and loss (P&L) of the trader's open positions.
For example, in the case of a 100.000 account, if a trader has lost $4,999 on the first day of trading, their equity at the end of the day would be $95,001. The maximum daily loss threshold would reset the next day, allowing the trader to potentially lose up to $4750.05.
Violation of this rule will result in the loss of your Trading Account. The same Daily Drawdown applies to all 3 phases (Evaluation, Verification, and Funded) of every Challenge.
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All content published and distributed by Leveled Up Traders, and its affiliates (collectively, the “Company”) is to be treated as general information only. None of the information provided by the Company or contained herein is intended as investment advice, an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any security, company, or fund.
Use of the information contained on the Company’s websites is at your own risk and the Company and assumes no responsibility or liability for any use or misuse of such information. Nothing contained herein is a solicitation or an offer to buy or sell futures, options, or FX. Past performance is not necessarily indicative of future results.
Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
© 2024 Leveled Up Traders. All rights reserved.
All content published and distributed by Leveled Up Traders, and its affiliates (collectively, the “Company”) is to be treated as general information only. None of the information provided by the Company or contained herein is intended as investment advice, an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any security, company, or fund.
Use of the information contained on the Company’s websites is at your own risk and the Company and assumes no responsibility or liability for any use or misuse of such information. Nothing contained herein is a solicitation or an offer to buy or sell futures, options, or FX. Past performance is not necessarily indicative of future results.
Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
© 2024 Leveled Up Traders. All rights reserved.
All content published and distributed by Leveled Up Traders, and its affiliates (collectively, the “Company”) is to be treated as general information only. None of the information provided by the Company or contained herein is intended as investment advice, an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any security, company, or fund.
Use of the information contained on the Company’s websites is at your own risk and the Company and assumes no responsibility or liability for any use or misuse of such information. Nothing contained herein is a solicitation or an offer to buy or sell futures, options, or FX. Past performance is not necessarily indicative of future results.
Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.