Understanding the Apex Trailing Drawdown (Don't Fail!)

Most firms calculate drawdown based on your balance at the end of the day. Apex calculates it based on the highest equity point you touch during the trade.

Example

You open a trade. It goes up +$1000. You don't close. It falls back to break even. <br /> **Result:** Your drawdown limit has moved up by$1000 and stayed there. You just lost $1000 of breathing room without making any money.

The Fix

Take profits aggressive. Do not hold for home runs. Hit singles.