The Legacy 30% Consistency Rule ensures that no single trading day accounts for more than 30% of the total profit balance at the time of a payout request. This rule promotes consistent trading practices and discourages high-risk, erratic trading styles.
Key Details to Note:
- Profit Restrictions: If a single trading day generates more than 30% of the profit balance accumulated since the last approved payout.
- Reset After Payout: Once a payout is approved, any single day after the approval can not be more than 30% of the profit balance.
- Exceptions: The rule applies until the sixth payout or until the account is transferred to a Live Prop Trading Account. At that point, the 30% rule is no longer in effect.
Easy Calculation Method:
Formula: Highest Profit Day ÷ 0.3 = Minimum Total Profit Required
Example:
On a $50k account, if your highest profit day since your last approved payout (or since you started trading, if this is your first payout request) was $1,500:
Calculation: $1,500 ÷ 0.3 = $5,000
In this situation, to request a payout, you would have to have at least $5,000 in total profit (current balance minus starting balance). If your current total profit is below this minimum, you’ll need to continue trading until you meet this requirement before requesting a payout.