Actually no, brokers cut your positions if your account gets too low. Generally 80% of your account value. Sometimes more, sometimes less, but rarely will a broker let an account go debit (below $0). Max open drawdown is extremely important. Lot of people can’t accept they are wrong and let single positions wipe them out. If someone has a 99% success rate but holds trades until they go in their favor, no matter what, all it takes is 1 trade to wipe them out.
So you would fund a guy who was down $3k to make $300? Ok, how much money would you allocate to such strategy? Is it ok to risk 3MM to make consistent $300k? Martingale away then. Well, that is the lure of the siren, isn't it ... Market rewards you for doing the wrong thing.
Depends, the prop firm would fund someone regardless of their max drawdown, as long as that max drawdown did not take them below $22,500. The worse the drawdown, the worse the offer. If someone demonstrates good risk:reward, they are rewarded for that. Including potentially getting their fee refunded.
And this is exactly why I want the OP provide this stat ... So we can judge how "fair" your offer will be
Hit the 2K mark. Looking to make at least 2-3K next week. Would like an offer larger than 25K. Still have about 6 weeks to go.