Offers EOD Drawdown

End of Day Drawdown should be the standard for prop firms but unfortunately it is not. End of Day drawdown is distinct from Intraday drawdown. Firms differ in how they calculate it, but lets say a trader starts a trade and it goes immediately into profit of 1000 dollars, then as the day progresses it loses value but is still 500 in profit, finally going up to 2000 by the end of the day. An account with an intraday drawdown of 500 would still fail this trader, where an End of Day drawdown would show a profit of 2000. Since the markets fluctuate all the time, you can clearly see this is detrimental to the trader. Firms would argue that intraday drawdown helps them with risk management, as the trader should have taken profit when it came up to 1000, and simply re-entered the second move as a separate trade. We won’t argue all the merits here except to say that in general, end of day drawdown is better for traders and to read carefully how the firm calculates any drawdown and make sure you understand it before signing up.