End of Day vs Intraday Drawdown in Futures Prop Trading: What Traders Need to Know 

EOD is calculated at session close; intraday measures real-time equity.

A drawdown limit that follows account equity upwards until it locks at the starting balance.

Yes, under intraday rules, unrealised losses count against equity.

Risk appetite and business models differ. Some prioritise trader freedom (EOD); others focus on risk control (intraday).

Use tighter stops, smaller position sizes, and avoid trading into volatile announcements.

The account is closed or reset, but traders can reapply under program terms. [Verify exact reset conditions per policy.]