The maximum daily loss is based on 6% of the initial account balance or the equity, whichever is greater, at 5 p.m. EST. We calculate the daily drawdown as follows: at 5 p.m. EST, we take the greater of the account balance or the equity and subtract a fixed 6% from the initial highest value to establish the daily loss limit for the following day.
What is the Maximum Daily Loss?
Written by Wise Funding Capital
Updated over 2 weeks ago