The Daily Loss Limit also referred to as the Daily Loss Guard is a soft breach rule on Qualified Accounts only. If you hit the Daily Loss Guard, you do not lose your Qualified Account, but your account will be locked until the next trading day (6PM ET).

The Daily Loss Guard is 2% of starting account balance on Standard Accounts.
Advanced Accounts, the 2% is relative to your current account balance, meaning you can earn more daily risk as you build the account.
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If your open or closed (unrealized or realized) P&L at any point reaches -2% during the trading day, all open positions will be flattened, any pending orders will be canceled, and your account will be prevented from placing any new trades until the start of the next trading day.

This is in place because we don’t want to see our Qualified Traders losing their accounts in one day. We want to help them build consistency and discipline, but this feature should not replace stop losses.

The Daily Loss Guard is based on each trading day’s P&L, which includes simulated commissions, fees, and both unrealized and realized trade P&L.

You can monitor your Daily Loss Guard in your dashboard. Traders can also make their Daily Loss Guard a smaller value, to really minimize risk, if they’d like on our platform, AlphaTicks.

Daily Loss Guard by Standard Account Size:

50K Qualified Account = -$1,000

100K Qualified Account = -$2,000

150K Qualified Account = -$3,000
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Advanced Accounts will start at the same value as above, but scales with the account. For example, a trader starts with a $2,000 DLL on a 100k, they grow the account to 120k.
Their DLL would now become $2,400 as 2% of 120k is 2,400.