How do you calculate the Daily Loss Limit?
Daily Loss Limit is calculated based on the balance at the end of the previous day, the balance recorded at 5PM EST time.
Example: On a Three phase account, if your prior day’s end of day balance was $100,000 you would breach the Daily Loss Limit of 5% should your equity the next day fall to $95,000.
On a Two phase account, if your prior day’s end of day balance was $100,000 you would breach the Daily Loss Limit of 4% should your equity the next day fall to $96,000.
On a One phase account, if your prior day’s end of day balance was $100,000 you would breach the Daily Loss Limit of 3% should your equity the next day fall to $97,000.
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