Irrational Trading Rule
Terrible rule that will mess up your trading which is your trailing drawdown goes up with your unrealized profit. For their main types of evaluations, in my case for a $300k account, you are allowed $7500 of drawdown and you place a trade where you are up $1000 but take off your position at $3000, you automatically fail the evaluation. Their are static drawdown evaluations but the amount of contracts you can place is incredibly small for the account size. Overall, the unrealized profit trailing drawdown is a terrible rule for any trading career since price fluctuates so much.
Response from Elite Trader Funding
Thank you for your feedback. The purpose of the rule is to encourage traders to lock in gains as they achieve them and to foster disciplined trading that avoids high-risk behavior. For traders who prefer a more flexible approach, we also offer Static Drawdown Evaluations, although they do come with different position-sizing limits to align with the risk management parameters of those accounts.
ETF Team
ETF Team