Having an established daily loss limit will allow you to develop and/or strengthen your discipline. Also, assuming and accepting the risk will lead you to define your trades based on rules in accordance with the monetary management and size of your account.
DAILY LOSS LIMIT
UProfit Trader has set daily loss limits for each account according to its size. This will ensure that you will have adequate risk management. Here at UProfit Trader, we will also pay close attention to your trading day so that we can assess if the established limit has been reached or exceeded. If you happen to reach the loss limit during any open trades, the position may be closed automatically and your account will be closed as well.
For the Daily Loss Limit you can monitor your Rtrader or Rtrader Pro.
How to calculate your Total loss on a negative trading day,
Open PnL + Closed PnL + Total Comissions = Total Daily Loss.
The total daily loss can not be equal or superior to Daily Loss Limit.
The daily loss limit includes commissions and fees, so it is VERY important to track directly from the RTrader platform.
The daily loss limit for each account is as follows:
- 25K Program will allow for a $500 loss limit
- 50K Program will allow for a $1100 loss limit
- 100K Program will allow for a $2200 loss limit
If at any time you reach or exceed the established loss limit, you can restore your account. Live Traders will need to send an email into Support in order to reestablish the account and pay a restoration fee that will be determined after a full review of the account.