How Does the Overall Drawdown Limit for the 2 Step Prime (Beta) Account Work?

The Overall Drawdown Limit for 2 Step Prime (Beta) is 6% and remains fixed to the initial balance throughout the account.
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Example:
Account Size: $100,000
Overall Drawdown Limit: 6%
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Day 1:
Starting Balance/Equity: $100,000
Overall Drawdown: $6,000
Stop-Out Limit: $94,000 ($100,000 - $6,000)
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Day 2:
Starting Balance/Equity: $104,000
Overall Drawdown: $6,000
Stop-Out Limit: $94,000 ($100,000 - $6,000)