Single Day Rule Explained
To ensure balanced trading and risk management, Next Step Funded has instituted a Single Day Rule for all traders. This rule caps the maximum profit a trader can profit in a single day as a percentage of their total account profits. The aim is to encourage consistent trading activity and prevent excessive risk-taking.
Account Categories and Their Rules:
Accounts from $15K to $50K:
The Single Day Rule for these accounts is set at 35%. This means the profit earned in any single day should not exceed 35% of the total profits accumulated in your account.
Example: If your total profits amount to $2,000, the maximum profit you can make in a single day should not exceed $700.
Important: Profits that exceed this 35% limit will be deemed invalid and will be deducted from your payout.
Accounts from $100K to $600K:
The Single Day Rule for these accounts is set at 25%. This means the profit earned in any single day should not exceed 25% of the total profits accumulated in your account.
Example: If your total profits amount to $8,000, the maximum profit you can make in a single day should not exceed $2,000.
Important: Profits that exceed this 25% limit will be deemed invalid and will be deducted from your payout.