Drawdown and risk management

The most you may lose in one trading day, the difference between the basis of the calculation (balance) and what is measured (equity), and a worked example per product.

The cap on how far the account may fall from its initial balance, how it differs from daily drawdown, and a worked example per product.

Why drawdown is calculated on equity, and when the two numbers diverge.

Propia's staged framework for reviewing high-risk behaviour: yellow versus red flags, what triggers them, and how they are cleared.