Daily Drawdown
Daily Drawdown — The single-day loss limit, typically 5% of starting balance, that resets at a fixed UTC time.
- Quick definition: The single-day loss limit, typically 5% of starting balance, that resets at a fixed UTC time.
- Category: Risk
Full Definition
Daily drawdown is the maximum amount you can lose in a single day before the prop firm closes your account. The limit is usually 5% of the starting balance. Reset times: FTMO at 22:00 UTC, FundedNext at 00:00 UTC.
Related Terms
Maximum Drawdown · Prop Firm Challenge
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