Following successful completion of Step 1 in a $50K, $100K or $150K account, the Trading Combine® Step 2 and Funded Account™ have a Weekly Loss Limit. The Weekly Loss Limit is the maximum amount you may lose at any point in a calendar week (Monday through Friday). If that number is hit or exceeded it is a broken rule. The Weekly Loss Limit is equivalent to the Daily Loss Limit and is factored based on the sum of the total Net P&L in the calendar week. The Weekly Loss Limit rule is eliminated once the Trailing Maximum Drawdown reaches the starting balance.
In the Trading Combine®, this rule is updated at the end of each active trading day once your trade report is updated.
In the Funded Account™, your Weekly Loss Limit will be calculated intraday.
You can keep track of the rule in relation to your account using Weekly Net P&L on your dashboard.
Why it is Important:
- Protects your account from large losses
- Allows you to reflect on recent performance - increasing your probability of success