At 100X Club, the Daily Drawdown (Max Daily Loss) is based on your equity, that is your account balance plus any open trades.
Each day starts with your starting equity, and you must not lose more than the allowed percentage from that point.
If your equity drops below that limit at any time during the day, it’s considered a violation of the trading rules. ⚠️
Example:
If your account starts the day with $10,000 and the daily drawdown limit is 5%, your equity must not fall below $9,500 at any point during the trading day.