What is the maximum daily loss?

Written by Fast Fund
Updated 1 month ago

The maximum daily loss is based on 4% 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 4% from the initial highest value to establish the daily loss limit for the following day.

 

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