Let’s say your Funded Prop BX account has done well and made profit. But, oops, you went over the provided Maximum Daily Drawdown. Don’t worry, you can still get half of your earnings if your trading meets these two rules:
- Every trade in your Funded Prop BX account must have set a stop loss (SL).
- You should not have lost more than 1% of your account size on any single trade.
If you met both of these rules, you will have seven days after the violation to request for 50% of your profits from your now-paused Funded Prop BX account.
For example, imagine you passed the challenge and got a $100,000 Funded Prop BX account. You earned $3,000 on day one, $5,000 on day two, and $4,000 on day three, totaling $12,000 in profit. Your account balance now reads $112,000.
But then, on day four, things didn’t go as planned, and you lost $5,000, going over the provided Maximum Daily Drawdown. Your account balance is now $107,000.
Even though you exceeded the Maximum Daily Drawdown, you’re still up by $7,000. If you followed all the rules, Funded Prop BX is happy to share 50% of your profits with you. That means you could get $3,500.
Note: This profit share rule only applies if your account is suspended because you went over the Maximum Daily Drawdown. It doesn’t apply to pauses or suspensions for other reasons.