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Tanya Jawab General Trading How do I calculate my Daily Drawdown Limit?

How do I calculate my Daily Drawdown Limit?

Your Daily Drawdown limit should be visible on your Dashboard. You can manually calculate your Daily Drawdown Limit by doing the calculation below:

Last Day's Equity at market close (16:00CT) - Daily Drawdown

*Please note that commissions for executing trades will be included in your P&L.

Example:

You are in a Challenge where the Daily Drawdown is $2,500 and you closed the prior day with an Equity of $152,000 then your Daily Drawdown limit for the following day will be:  152,000 - 2,500 = 149,500.