TradeApp has strict risk management rules in place to ensure traders manage their capital responsibly. These include:
Daily Loss Limit:
Traders cannot exceed a 5% loss on the initial capital in a single trading day. This includes both closed trades and floating losses. Breaching the daily loss limit will result in immediate disqualification from the challenge.
Overall Loss Limit:
The maximum allowable loss a trader can incur throughout the evaluation is 10% of the initial capital. If this overall loss limit is breached, the challenge will be failed, and the trader will need to try a new challenge.
These rules help traders maintain control over their risk, reducing the chance of large losses and promoting consistent trading discipline.