Intraday trailing drawdown
Intraday trailing drawdown is a trailing loss limit whose floor follows the account's highest equity touched at any moment during the session, including unrealised profit.
How it works
Every tick of unrealised gain raises the high-water mark, and the floor follows it. A trade that runs into profit and then retraces moves the floor up on the way out and leaves it there on the way back. The result is that a position can breach the account without a single losing trade ever being closed — the loss is measured against profit that existed only on screen.
Why it matters on a funded account
This is the strictest common model and the one that punishes scale-out exits and wide targets hardest. A strategy that lets winners run accumulates floor movement it never banks. On an intraday account the practical constraint is not the stop distance but the maximum favourable excursion the strategy tolerates before taking something off.
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Part of the Puravida Edge prop trading glossary. Firm-specific figures verified September 2026; rules change frequently — confirm on the firm's site.