The Phoenix Classic drawdown model is based on one fixed account-wide loss level. For a $100,000 account, the 6% maximum overall loss creates a $94,000 floor. If the account later grows to $110,000 or $120,000, that floor remains at $94,000. Separately, the 4% daily drawdown applies to each trading day and resets according to the program's rules.
Read More: https://allwritersdestination.wordpress.com/2026/08/12/upcomers-phoenix-classic-challenge-explained-a-drawdown-that-never-moves/
Read More: https://allwritersdestination.wordpress.com/2026/08/12/upcomers-phoenix-classic-challenge-explained-a-drawdown-that-never-moves/
The Phoenix Classic drawdown model is based on one fixed account-wide loss level. For a $100,000 account, the 6% maximum overall loss creates a $94,000 floor. If the account later grows to $110,000 or $120,000, that floor remains at $94,000. Separately, the 4% daily drawdown applies to each trading day and resets according to the program's rules.
Read More: https://allwritersdestination.wordpress.com/2026/08/12/upcomers-phoenix-classic-challenge-explained-a-drawdown-that-never-moves/
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