The simulated 2% daily profit cap is implemented to encourage responsible trading practices and ensure long-term success. Here's why:
- Prevents High-Risk Trading: Stops traders from taking excessive risks or gambling for quick gains.
- Promotes Consistent Gains: Encourages steady, small profits rather than high-risk returns.
- Supports Long-Term Growth: Ensures that only disciplined traders with sustainable strategies progress.
The simulated 2% daily profit cap limits the amount of profit a trader can make within a single trading day. This is a soft rule, meaning that once a trader reaches 2% profit based on their account balance, all open trades will be automatically closed, and the account will be set to read-only until the next daily rollover. After the rollover, the trader will be able to continue trading as normal.
The trader has not failed, and this rule is designed to encourage responsible trading without the pressure of overtrading.
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