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Earn2Trade - Orianna Foucault (Director of Support) - Ask Me Anything (AMA)


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Earn2Trade - Orianna Foucault (Director of Support) - Ask Me Anything (AMA)

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  #591 (permalink)
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shokunin View Post
Your website states:
A daily loss limit is the maximum amount an investor can lose on their total asset amount or a specific trade per day.

This is why I am confused, as a Daily Loss Limit does not normally take into consideration specific trades, only the live drawdown from the starting balance.

Please refer to my Scenario A above. According to your website, I would fail. But according to your response, I would pass.
The page is here: https://blog.earn2trade.com/daily-loss-limit/

Is the wording on the website wrong?

Hello again,

I can see how that can become a misunderstanding, but the rule works as I explained before. Daily Loss is based on your net PnL and it is always calculated from the cash on hand, or starting balance of the day. If at any point during your trading day your net PnL reaches -$550 , you will fail by this rule.

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  #592 (permalink)
zzzz2021
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Earn2Trade View Post
Hello again,

I can see how that can become a misunderstanding, but the rule works as I explained before. Daily Loss is based on your net PnL and it is always calculated from the cash on hand, or starting balance of the day. If at any point during your trading day your net PnL reaches -$550 , you will fail by this rule.

Let's say I made > $1750 of profits in funded account for 30k TCP. I don't want to withdraw the money while my account is upgraded to 50k. My questions are:

1) Will my 50k account get upgraded to 100k if I generate another $1250 to meet profit goal of $3000?
2) Will I get any more room for 50k's daily loss limit ($1100) or EOD Drawdown ($2000)?

Thanks.

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zzzz2021 View Post
Let's say I made > $1750 of profits in funded account for 30k TCP. I don't want to withdraw the money while my account is upgraded to 50k. My questions are:

1) Will my 50k account get upgraded to 100k if I generate another $1250 to meet profit goal of $3000?
2) Will I get any more room for 50k's daily loss limit ($1100) or EOD Drawdown ($2000)?

Thanks.

Hello zzzz2021,

I believe you are mentioning the 25K Trader Career Path, if that is the case it is necessary for you to withdraw after reaching the profit goal on each step of the path. You can not move the funds from one size to the other or use them as part of the profit goal on the next account you'll receive.

I hope that was clear but if there are more questions please let me know.

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  #594 (permalink)
 shokunin 
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If the live account is in profit but the account is closed due to a rule break, is it possible to withdraw any remaining profit?

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shokunin View Post
If the live account is in profit but the account is closed due to a rule break, is it possible to withdraw any remaining profit?

Hello shokunin,

In that case, you can withdraw your profits through any of the available payout methods.

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