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). 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.
Why it is Important:
- Protects your account from large losses
- Allows you to reflect on recent performance - increasing your probability of success