Maximum drawdown
Updated
Your maximum drawdown is 3.5%, trailing on an end-of-day basis. It sets the floor your account must stay above.
Where your floor starts
| Account size | Starting floor |
|---|---|
| $25K | $24,125 |
| $50K | $48,250 |
| $100K | $96,500 |
How it trails
The floor is checked at the end of each trading day. When your account closes a day at a new high, the floor moves up with it. The floor never moves down.
When it locks
Once the floor reaches your starting balance, it stops trailing and stays at your starting balance.
Requesting a payout also locks the floor at your starting balance, permanently. After your first payout request, if your account equity reaches or falls below your starting balance, the account is breached.
Keep a buffer. Once the floor is at your starting balance, withdrawing all of your profit leaves nothing above the floor, and the account is closed.