Here are the key rules for a Performance Account:
The 30% Consistency Rule still applies: no single trade can account for more than 30% of your total profits.
Drawdown rules remain in effect until you reach your Buffer Profit Target.
You're no longer required to take a minimum number of trades.
The minimum amount needed to request a payout is $250, and your consistency must be under 30%.
You must maintain an active Performance Account and continue paying the monthly subscription fee.
Profit Target (Buffer Profit Target):
Stocks Accounts: Starting Equity + (Starting Equity x 3.15%)
Options Accounts: Starting Equity + (Starting Equity x 5.75%)
Trailing Drawdown:
This is dynamic and follows your equity peak. It applies until you reach your Buffer Profit Target.
Static Drawdown:
Once you hit your Buffer Profit Target, your drawdown becomes static. Your account would be breached if it drops below this fixed level.
Remember, these rules are designed to encourage consistent, disciplined trading while allowing you to earn payouts based on your performance.