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The prop firm glossary.

The terms you meet when you design a challenge, set the rules and run the firm, defined plainly with a worked example. For the decisions behind them, read the guides or see how the rule engine enforces them.

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Trailing Drawdown: What It Is and How It Works
Trailing drawdown is a loss limit that rises with an account's high-water mark and never falls. A worked example, trailing vs static, intraday vs EOD, and lock points.