They've adjusted their maximum daily loss and overall drawdown. Seems like a response to recent market volatility, making it slightly harder but potentially weeding out less disciplined traders. What are your initial impressions?
My initial impression is that it's going to make it much tougher to scale up quickly. The bar just got significantly higher.
Could this push people towards other funding companies that still offer more lenient rules? Interesting to see how this plays out in the wider prop firm space.
I actually welcome it. The old rules felt a bit too easy, leading to a lot of flash-in-the-pan passes. This might foster more consistent traders.
Yeah, I saw that. Makes sense from their end, honestly. Protects their capital from wild swings.
Harder for sure, but maybe that's the point? Fewer people passing means those who do are genuinely better traders.
Are they just trying to reduce payouts? Feels a bit like moving the goalposts after so many people joined.
I'm not sure it's just about discipline. Sometimes a bit more wiggle room is necessary for strategy execution. This could limit certain approaches.