Part 6 · lesson 1 of 3
You learn the amount that stops your day early.
About 5 minutes.
Whose numbers these are
You have not picked a firm yet. So the figures below come from one firm’s published rules. Each one is named and dated where it appears. Pick a firm and the same lesson runs on your own numbers.
The daily loss limit
The most you may lose in one day. Lose it and trading stops until the next session.
Not every firm has one of these. Where yours does, it sits on the same rules page as the line, and hitting it stops your day rather than ending the account.This one comes back: You hit the daily loss limit at eleven in the morning. What happens for the rest of that day?