Real-time trailing drawdown that tracks your intraday equity high. Know which firms use intraday trailing.
Intraday trailing drawdown follows your equity in real time. Every new high raises the floor immediately, making it the strictest drawdown type.
Intraday trailing firms often compensate with lower fees, no consistency rules, or higher profit splits. The trade-off can be worthwhile for disciplined traders.
Be careful with large unrealized profits. Each tick in your favor raises the floor. Use fixed risk targets and avoid letting winners run too far then reversing.