OmbraDaily loss limits: the firm's and your own
A daily loss limit caps how much you can lose in one session. Some firms treat hitting it as a breach that ends the account; others pause trading until the next session. Check which applies to you.
Firms count it in different ways. Some include open losses as they happen, some only closed trades. Some measure from the start-of-day balance, others from the day's high. Small wording differences change when the limit is reached.
Many traders set a personal limit well inside the firm's figure, for example half of it. When you reach your own limit, you stop for the day. That leaves room for slippage and for a fast market, and it makes stopping a plan rather than a surprise.
Decide the number before the session, not during it. After a run of losses it is harder to judge clearly, and a limit chosen in the moment tends to move.
Write it where you will see it. A sticky note, a line in your trading plan, or an alert from a tool all work. Ombra Watch can alert you when you near limits you set, which helps you stick to your own limits; the decision to stop stays with you.
Read: a daily loss limit is a pause
Education only. Not advice. Trading futures carries risk of loss; evaluations use simulated accounts.