{"term":{"slug":"intraday-drawdown","term":"Intraday Drawdown (Real-Time Trailing)","definition":"The strictest trailing drawdown variant where the floor moves upward tick-by-tick as your equity reaches new highs during the trading session. Every unrealized profit spike permanently raises the minimum balance required.","extendedExplanation":"Intraday trailing drawdown is the most aggressive drawdown type in the prop firm industry. The floor adjusts in real time -- if your equity touches $105,000 for even one tick, the floor immediately moves up. There is no waiting until end of day.\n\nApex Trader Funding uses intraday trailing drawdown. This means a winning trade that briefly shows $3,000 profit before you close it at $1,000 profit has permanently raised your floor by $3,000, not $1,000. Traders must set take-profit orders carefully and avoid letting winners run too far before locking in.\n\nThe practical strategy with intraday trailing is to be very deliberate about when you take profits. Partial closes, tight trailing stops on individual trades, and avoiding \"letting it run\" are essential. Many experienced traders prefer EOD trailing or static drawdown firms specifically to avoid this tick-by-tick floor adjustment.","exampleWithNumbers":"Apex $50K with $2,500 intraday trailing drawdown: floor starts at $47,500. You enter an ES trade that peaks at +$1,500 unrealized. Floor moves to $49,000. Price reverses and you close at +$200 realized. Floor stays at $49,000. Net room remaining: only $700 ($49,700 balance minus $49,000 floor). You effectively burned $1,300 of drawdown room on a trade that only netted $200.","category":"drawdown","relatedTerms":["eod-drawdown","trailing-drawdown","drawdown-floor","take-profit","stop-loss"]},"_links":{"self":"https://runvigil.app/api/glossary/intraday-drawdown","page":"https://runvigil.app/learn/intraday-drawdown","allTerms":"https://runvigil.app/api/glossary","learn":"https://runvigil.app/learn"}}