---
title: "Intraday drawdown - Meaning & GFN's Figure - Get Funded Now"
description: "The worst point an account reaches during a single trading day, measured from that day's starting level. It is what a daily loss limit monitored on…"
url: "https://getfundednow.com/glossary/intraday-drawdown"
language: "en"
last_modified: "2026-09-22"
publisher: "Get Funded Now (getfundednow.com)"
translations:
  es: "https://getfundednow.com/es/glossary/intraday-drawdown"
  pt-BR: "https://getfundednow.com/pt-br/glossary/intraday-drawdown"
  fr: "https://getfundednow.com/fr/glossary/intraday-drawdown"
  it: "https://getfundednow.com/it/glossary/intraday-drawdown"
  de: "https://getfundednow.com/de/glossary/intraday-drawdown"
disclosure: "All trading at Get Funded Now is simulated. 'Funded' means a simulated or virtual account; GFN is not a broker and does not hold client funds."
---

Drawdown and risk limits

# Intraday drawdown

The worst point an account reaches during a single trading day, measured from that day's starting level. It is what a daily loss limit monitored on equity actually tests, rather than where the day happens to finish.

GFN’s figure

GFN measures the daily loss limit on live equity, so intraday lows count: 3% on Instant, 5% on the 1 Step and 2 Step. A few seconds past the threshold is a breach.

- **Instant Intraday ceiling**: 3% ($3,000 on $100,000)
- **1 Step and 2 Step Intraday ceiling**: 5% ($5,000 on $100,000)

In detail

## Intraday drawdown, explained

Intraday drawdown is the gap between how a day looks in a statement and how it looked while it was happening. A day that closes flat can have been 4% down at lunchtime, and on a live-monitored limit that low is the number that counted.

The practical consequence is that position sizing has to leave room for the path a trade takes, not just its outcome. A trade that eventually works but takes a deep excursion first can still end the account.

[The rule in full →](https://getfundednow.com/rules/daily-loss-limit) · [Rules handbook](https://getfundednow.com/rules) · [More drawdown and risk limits](https://getfundednow.com/glossary/category/drawdown)

Related

## Terms that come with it

Most rules only make sense next to the ones they interact with. These are the entries this one depends on.

- [Daily loss limit](https://getfundednow.com/glossary/daily-loss-limit) - The most an account may lose in one trading day before it breaches. Calculated as a percentage of the previous day's closing level, it resets at a fixed time each day and is the rule that ends most evaluations.
- [Equity-based drawdown](https://getfundednow.com/glossary/equity-based-drawdown) - A drawdown measured against live account equity, which includes the unrealised profit and loss of every open position. The breach level can be touched while a trade is still running, before anything is closed.
- [Maximum adverse excursion](https://getfundednow.com/glossary/maximum-adverse-excursion) - The furthest a trade moves against you before it closes, whatever its final result. Measured per trade, it shows how much room a strategy genuinely needs rather than how much it eventually used.
- [End-of-day drawdown](https://getfundednow.com/glossary/end-of-day-drawdown) - A drawdown calculated only from the closing balance of each trading day, ignoring whatever happened between the open and the close. Intraday excursions are invisible to it as long as the day finishes above the level.
- [Hard breach](https://getfundednow.com/glossary/hard-breach) - A violation serious enough to fail or terminate the account immediately. Exceeding the daily loss limit or the maximum drawdown is the usual cause, and a later recovery in the market does not reverse it.

Also governed by [/rules/daily-loss-limit](https://getfundednow.com/rules/daily-loss-limit)

[Drawdown reset](https://getfundednow.com/glossary/drawdown-reset) · [Rollover time](https://getfundednow.com/glossary/rollover-time)

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Source: https://getfundednow.com/glossary/intraday-drawdown
Facts about Get Funded Now in one file: https://getfundednow.com/llms.txt