TradeApp has strict risk management rules in place to ensure traders manage their capital responsibly. These include:
Daily Loss Limit:
Traders cannot exceed a 5% loss on the initial capital in a single trading day. This includes both closed trades and floating losses. Breaching the daily loss limit will result in immediate disqualification from the challenge.Overall Loss Limit:
The maximum allowable loss a trader can incur throughout the evaluation is 10% of the initial capital. If this overall loss limit is breached, the challenge will be failed, and the trader will need to restart.
These rules help traders maintain control over their risk, reducing the chance of large losses and promoting consistent trading discipline.