The Maximum Total Loss is set at 6% of your account’s starting balance and will trail your balance until you reach 6% in profit. Once you achieve a profit of 6%, the Maximum Total Loss will remain static at your initial starting balance.
Example 1: Your starting balance is $100,000. Your Maximum Total Loss is set at 6% which is $94,000. You profit $3,000 and your balance is now $103,000, your Maximum Total Loss is now $97,000.
Example 2: Your starting balance is $100,000. Your Maximum Total Loss is set at 6% which is $94,000. You lose $2,000 to take your balance to $98,000. Your Maximum Total Loss is still at $94,000. You then go on to profit $5,000 making your new balance $103,000. Your Maximum Total Loss trails and is now $97,000.
Example 3: Your starting balance is $100,000. Your Maximum Total Loss is set at 6% which is $94,000. You profit $8,000 to take your balance to $108,000. Your Maximum Total Loss is now $100,000 and will remain locked at this level.
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