The Maximum Daily Drawdown is the largest loss you can incur in a single trading day, calculated based on your account balance or equity at the start of that day.
Normal Two-Phase: 5%
Premium Two-Phase: 5%
Normal One-Phase: 3%
Premium One-Phase: 3%
Example:
In a $100,000 Normal Two-Phase account, your daily loss limit is $5,000. If you exceed this amount in a single day, your account will be in violation of the rules