Yes, that is why I say grab all of the small profits. I blew a few of these initially....I'd be up like $1,500 on a trade and it would come back....oops now I have $1,00 DD ...
It is based on unrealized equity. So if your trade is open and unrealized gain is 100$ your drawdown moves to 100+
The big difference, of course, is the trail. Hit a goal of say $200-$300 per day and close as close to the peak as possible.......shut her down for the day. This is the power of ...
Oh I know, just waiting for how he is going to spin it.
Because Apex is the biggest competitor of the firm Karl works for.