At 100X Club, the Daily Drawdown is calculated using the higher value between your account’s Balance and Equity. 📈
At the end of each trading day, a snapshot of your account is taken and used to calculate the Daily Drawdown limit for the following day. ⏱️
If your Equity is higher than your Balance at the time of the snapshot, the next day’s Daily Drawdown will be calculated based on the Equity value.
Otherwise, it will be calculated based on the Balance.
✨ Example
Let’s say you purchased a $100,000 account with a 3% Daily Drawdown limit.
Your maximum daily loss would normally be $3,000
If, at the daily snapshot, your Balance is $101,000 but your Equity is $103,000, the next day’s Daily Drawdown will be calculated from the higher value, which is the Equity
In this case, your next day loss limit would become $3,090 instead of $3,000 📈