Funded Daily's trading day resets at 5:00 PM Eastern Time. Daily drawdown is measured using this trading day definition. You are responsible for understanding how open and closed PnL, account balance, and account equity affect your risk throughout the day and at reset. Breaching the daily drawdown rule is a hard breach.
How is the trading day defined?
Learn when the daily drawdown resets and how to manage your risk accordingly.
Written by Team FD