Draw down question. Relative or absolute?

Most prop firms have this 10 % overall draw down rule (not talking about the 5 % per day rule).

100 k account:

Lets say i made profits, and the balance after a few weeks is 110 k.
Is the 10 % draw down refering to the 100 k starting capital, e.g. i loose account when i drop below 90 l.
Or does it now refer to the 110 k and i loose my account when i drop below 99 k (10 % draw down of 110k)
Thank you
Depends on the firm but the ones I've seen I believe it mainly refers to the original balance (at least until the balance is periodically reset perhaps?). No personal experience though.
I recently read about the new Axi Select program, which allows trading with Axi's capital and earning up to 90% of the profits generated. I plan to conduct a detailed investigation of this opportunity. If anyone has experience with this program, I would appreciate a review.
After some consideration, I've decided to give it a shot and have registered with Axi Select.
Hope everything will be fine 🤞
It's been three months, and so far, everything is going smoothly :cool: