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 (Sunday at 5 PM CT through Friday at 3:10:00 PM CT). If that number is hit or exceeded it is a broken rule, even if it is in the middle of the week. 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.
|Tip: 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