Two-phase accounts: A minimum of 5 trading days is required in each phase.
One-phase accounts: At least 5 trading days are required.
Two-phase accounts:
Traders can experience a maximum daily loss of 5% of their starting balance. For example, if the account starts with $100,000, the daily loss limit will be $5,000. This threshold does not change, regardless of whether the trader makes a profit or suffers a loss. If at any time during the day the sum of open and closed losses exceeds $5,000, it will be considered a violation of the Daily Loss rule.
One-stage accounts:
In this type of account, the maximum loss allowed per day equals 3% of the starting balance. If a trader starts with $100,000, his daily loss limit will be $3,000. This cap remains unchanged, regardless of whether the trader generates profits or losses. If at any time during the day total losses, including ongoing and closed trades, exceed $3,000, it will be considered a violation of the Daily Loss Limit.