How Do You Protect Your Drawdown During a Prop Firm Challenge?
One of the biggest challenges in a prop firm evaluation is balancing the need to reach the profit target with the need to protect your account. Even a good strategy can struggle if risk is not managed properly.
I believe setting a personal daily loss limit below the firm's maximum can help traders avoid making emotional decisions after a losing streak.
Question: How do you manage your drawdown, and do you use a personal loss limit?