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How is My Daily Loss Calculated?
How is My Daily Loss Calculated?
Alex avatar
Written by Alex
Updated over 4 months ago

Daily loss is based on your Profit & Loss, including both open (real-time/unrealized), closed trades and commissions. It’s calculated daily from 5:00 pm to 5:00 pm (Central Time).

The PnL resets at the beginning of the trading day and is taken from the balance you start the day with.

For example, if your trading day starts with an Account Balance of $25,000, and the Daily Loss is -$550. Imagine you have an open trade with a profit of +$500 but, then the trade goes against you, and you close it at -$100, you won't fail on the Daily Loss rule. Considering the Account Balance you started the day with ($25,000), your PnL is going to be -$100.

However, if your PnL ever hits the -$550 limit (even if you don't close your position), your evaluation fails and will be suspended from further trading. In case you wish to retry the evaluation you will need to reset it.

You can view the P&L column in R | Trader Pro's Trader Dashboard to see how close you are to your daily loss limit. For example if your daily loss limit is $1,100, then your daily P&L cannot go below $-1,100.

The daily loss limit differs based on your selected account type:
https://www.earn2trade.com/gauntlet-mini

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