How is the daily loss limit determined?
At WFYT, the daily loss limit is calculated based on the ending equity balance of your account from the previous day. For instance, if your previous day’s closing equity balance was $100,000, the daily loss limit would be activated once your account equity drops to $95,000 within a day. It’s important to note that our daily stop-out level is percentage-based, not fixed, which means as your account grows, so does your daily stop limit. For example, if you grow your account from a $100,000 equity balance to $110,000, the daily stop out level increases from $5,000 to $5,500. Remember, all accounts are subject to the daily loss limit and max trailing drawdown rules in place at the time of purchase; any subsequent rule changes will not apply retroactively.