Bulenox Option 2 Explained: EOD, Scaling & Daily Loss Limit

Choosing between Bulenox's account options is one of the first decisions you'll make as a trader entering their program. Option 1 offers simplicity with fixed contract limits and trailing drawdowns, but Option 2 takes a different approach. It introduces End-of-Day (EOD) drawdown mechanics that reset and compound your favorable position each trading day, combines this with a dynamic scaling system that rewards profitable trading, and implements daily loss limits that ultimately disappear as you prove yourself.

For many traders, Option 2 represents the sweet spot between controlled risk management and genuine growth potential.

If you're considering whether Option 2 aligns with your trading style, this guide breaks down every mechanic that matters: how EOD drawdowns work, what the scaling progression looks like, when your daily loss limits disappear, and who benefits most from this structure.

Tested firsthand: I've traded multiple Bulenox account sizes across both Option 1 and Option 2, passed Qualifications in as few as 4 days, activated Master Accounts, and pulled four real PayPal payouts over seven months. What you're reading comes from live funded trading, not from browsing their website.

For the complete breakdown of every Bulenox account—including how Option 1 (trailing) and Option 2 (EOD) differ in drawdown rules and scaling, all five sizes from $25K to $250K with real cost analysis, and the Qualification → Master → Funded progression with actual payout caps—read my full Bulenox accounts overview. For the absolute latest, check Bulenox's website or their help center.

What Is Bulenox Option 2?

Bulenox Option 2 is a funded trading account designed for traders who want controlled drawdown management paired with the ability to increase contract sizes as profits accumulate. Unlike Option 1, which uses a trailing drawdown that moves down whenever you lose money, Option 2 uses an End-of-Day drawdown floor that locks in gains each trading day and only moves upward.

Available in six different account sizes ($10,000, $25,000, $50,000, $100,000, $150,000, and $250,000), Option 2 combines three core mechanics:

• EOD (End-of-Day) drawdown that updates only at market close
• Dynamic scaling that increases your contract limits based on cumulative profits
• Daily loss limits that provide a safety net but eventually disappear

This structure appeals to disciplined traders who prefer predictable intraday risk management while maintaining the psychological benefit of seeing their allowed position sizes grow as they prove profitability.

Understanding EOD (End-of-Day) Drawdown Mechanics

The EOD drawdown is the core mechanic that separates Option 2 from Option 1. Instead of calculating your maximum loss throughout the trading day, Bulenox only updates your drawdown floor at the end of each trading session.

How the EOD Drawdown Floor Works

Your EOD drawdown floor starts at your account's opening balance. After each trading day closes, the system calculates whether your closing balance is higher than your current floor. If it is, the floor rises to match that new closing balance. If your balance is lower, the floor stays where it is.

Here's the critical detail: the floor never moves down. Once it locks, it stops moving forever.

For example, on a $25,000 Option 2 account:

Day 1: You start with $25,000. You trade, end the day at $25,400. Your floor rises to $25,400.Day 2: You trade, end at $25,200. Your floor stays at $25,400 (it doesn't drop). Your maximum loss is now limited to $400 from that floor.Day 3: You trade and hit -$600 against your current balance, bringing you to $24,800. This violates the $25,400 floor by $600, and your account is disabled.Day 4 (if you hadn't been disabled): You would have a fresh start with a daily loss limit, but your floor would still be $25,400.

The Critical $100 Threshold

There's a significant milestone embedded in the EOD system: once your floor reaches the starting balance plus $100, it locks permanently.

On a $25,000 account, this means reaching $25,100 in cumulative profit. Once your EOD floor hits $25,100, it will never change again—even if you experience losses. This provides a unique psychological anchor: you know that once you've proven a certain level of profitability, your downside is permanently capped at $100 below that peak.

Intraday Risk During EOD Trading

One advantage of EOD drawdown is predictability during the trading day. Since the floor only updates at market close, you don't face intraday whipsaws where a temporary drawdown forces account closure only to recover before day-end.

However, this also means you need to manage intraday position sizing carefully. A trader might hit their daily loss limit mid-session and be unable to trade for the rest of that day, even though their EOD floor hasn't been violated.

Daily Loss Limits: The Safety Gate

Alongside the EOD drawdown floor, Bulenox Option 2 implements daily loss limits (DLL) that restrict how much you can lose in a single trading session. This limit includes all realized losses, unrealized losses, commissions, and fees.

Daily Loss Limit by Account Size

If you hit your daily loss limit, your account is suspended for the remainder of that trading session. You can resume trading the next day, starting with a fresh daily loss limit.

When Daily Loss Limits Disappear

This is where Option 2 becomes genuinely rewarding: daily loss limits are removed once your EOD drawdown floor reaches the account's starting balance plus $100.

What does this mean in practice? Once you've accumulated enough profit that your protection floor is $100 above your starting capital, you've proven sufficient consistency, and Bulenox removes the daily loss limit entirely. You're no longer capped on daily losses—only on your overall EOD drawdown floor.

This creates a natural progression:

• Phase 1 (Verification): Early trading with daily loss limits and a strict EOD floor
• Phase 2 (Reward): Once you've built $100 in cumulative net profit, daily limits disappear, but EOD floor remains fixed
• Phase 3 (Freedom): Trade with only EOD floor protection, scaling up as profits grow

Scaling Plans and Contract Progression

Option 2 accounts include dynamic scaling that increases your maximum contract size as your EOD balance grows. This is where the account truly rewards consistency—as you become more profitable, you can take proportionally larger positions.

How Scaling Works

Scaling is based on your End-of-Day closing balance. As your EOD balance increases (due to daily profits), your available contract maximum increases at predetermined tiers. The scaling resets after each trading day at market close.

Example: $100,000 Option 2 Scaling Tiers

This structure means a trader on a $100K account starts with 3 contracts and can potentially reach 12 contracts (a 4x increase) once their EOD balance exceeds $105,000. For a ES (S&P 500 micro futures) trader, this progression is substantial.

Scaling Across Other Account Sizes

The scaling tiers vary by account size, but the principle remains consistent: smaller account sizes have proportionally modest starting contract limits (1-2 contracts) and scale to higher multiples. Larger accounts ($250K) offer more generous starting allocations and can reach significantly higher contract maximums.

The scaling structure incentivizes consistent profitability. A trader who makes $2,000 in their first week at a $25K account moves from 1 contract to 2 contracts. That increased firepower compounds—more contracts on profitable setups generate more profit, which accelerates the path to the next tier.

Option 2 vs. Option 1: Key Differences

Understanding how Option 2 differs from Bulenox's Option 1 helps clarify whether Option 2 is right for your trading style.

Option 1 offers more freedom in terms of position sizing but requires managing a moving drawdown throughout the day. Option 2 offers predictability and a clear path to increased contract sizes, but requires consistent daily profits to unlock scaling benefits.

Real-World Example: Building an Option 2 Account

Let's walk through a realistic scenario on a $50,000 Option 2 account to see how these mechanics play out over a trading week.

Starting Position

• Account balance: $50,000
• EOD floor: $50,000
• Daily loss limit: $1,100
• Starting contracts: 2

Week One Progression

Monday: You make $800. Close at $50,800. EOD floor rises to $50,800. Daily loss limit resets.

‍Tuesday: You lose $400. Close at $50,400. EOD floor stays at $50,800 (doesn't drop). Daily loss limit resets. You're now $700 away from hitting the $1,100 DLL for the day.

‍Wednesday: You make $600. Close at $51,000. EOD floor rises to $51,000. You unlock the next scaling tier (assume it's 3 contracts). Daily loss limit resets.

‍Thursday: You lose $950. Close at $50,050. EOD floor stays at $51,000. You come very close to the $1,100 DLL but don't breach it. Account remains open.

‍Friday: You make $1,200. Close at $51,250. EOD floor rises to $51,250. You're now $1,250 above your original $50,000 starting balance, which means your daily loss limit disappears starting Monday. You unlock even higher scaling (assume 4 contracts).

By Friday's close, this trader has grown account balance to $51,250, reached the $100+ threshold for losing their daily loss limit, and scaled from 2 contracts to 4 contracts—a significant advantage for the coming week.

Who Is Option 2 Best For?

Option 2 works best for traders with specific characteristics and trading patterns:

Ideal Option 2 Traders

• Consistent daily traders: If you trade most days and aim for incremental daily profits, Option 2's EOD structure rewards this pattern.
• Scalpers and intraday traders: Those who close most or all positions by day-end avoid overnight risk concerns and benefit from the daily reset.
• Risk-averse traders: The daily loss limit provides a safety mechanism that caps your worst-case day, removing the psychological burden of potentially large losses.
• Traders seeking leverage progression: If you want to increase contract sizes as you prove profitability, scaling offers this systematically.
• Traders who prefer predictability: The EOD-only update schedule is more predictable than a trailing drawdown, allowing better position planning.

Who Should Consider Option 1 Instead

• Swing traders holding multi-day positions: Option 2's daily loss limit can be restrictive if you regularly hold positions overnight.
• Traders seeking maximum contract allocation from day one: Option 1 offers fixed, higher contract limits without needing to scale through profits.
• Traders uncomfortable with daily loss limits: Some traders find any daily loss limit psychologically constraining, even if it eventually disappears.

Key Rules and Edge Cases

Understanding the technical details prevents surprises:

How Commissions and Fees Affect Limits

Daily loss limits include commissions and fees. A trader who makes $50 in gross profits but pays $100 in commissions has a net loss of $50 against their daily loss limit. This matters on high-frequency trading days where commissions accumulate.

Unrealized vs. Realized Losses

Both count toward the daily loss limit. If you have a $400 unrealized loss on an open position, that counts immediately. The daily loss limit is breached once the combined total reaches your account's limit, whether realized or not.

What Happens After Hitting Daily Loss Limit

Your account is suspended for the remainder of that trading day. You cannot open new positions or trade existing positions. You resume normally the next day with a fresh daily loss limit. Your EOD floor remains unaffected.

Can the EOD Floor Go Down?

No, never. Once locked, it stays. This is the fundamental mechanic that makes Option 2 feel different from trailing drawdown accounts—your historical peak protection is permanent.

Scaling Strategy and Maximizing Option 2

To get the most from Option 2, traders should approach scaling strategically:

1. Focus on Early Consistency

The first $100 of profit is crucial. Once you hit it, daily loss limits disappear forever, shifting the account psychology significantly. Trading conservatively in the first 1-2 weeks to reach this milestone often makes sense.

2. Compound Scaling Benefits

Each contract increase multiplies your profit potential. A trader who reaches 4 contracts generates 2x the profit (on average) versus 2 contracts. Use this to accelerate toward the next tier.

3. Don't Over-leverage at Higher Tiers

Just because you can trade 12 contracts doesn't mean you should on every setup. Overconfidence is a primary reason traders lose accounts. Maintain position sizing discipline even as contracts increase.

4. Use Daily Loss Limits Strategically (While Active)

Early in the account, the daily loss limit is your safety rail. Trade toward it intelligently—don't waste it on low-conviction setups. Once you lose it, the daily loss limit is gone, but your EOD floor protection remains.

Moving from Option 2 to Live Funding

Bulenox Option 2 is typically part of their qualification/evaluation phase. Once you reach minimum profit targets (varying by account size), you become eligible for their Master Account with real capital funding and higher payouts.

The skills and discipline you develop on Option 2—managing the EOD floor, respecting the daily loss limit, scaling strategically—translate directly to managing larger funded accounts. Many traders view Option 2 as the training ground that builds the habits necessary for success at scale.

Final Thoughts: Is Option 2 Right for You?

Bulenox Option 2 is well-designed for a specific trader archetype: someone who trades consistently, prefers daily resets, wants predictability in drawdown management, and is motivated by the visible progression of increased contract sizes.

If you're a daily trader who makes 5-10+ trades per week, closes positions by day-end, and values psychological predictability over maximum starting leverage, Option 2 likely outperforms Option 1.

If you're a swing trader who holds positions for days or weeks, you'll likely find Option 1's flexibility more suitable.

Either way, understanding the EOD mechanics, scaling progression, and daily loss limit removal threshold gives you the foundation to make an informed choice and, most importantly, to trade with clarity and confidence once you're on the account.