Daily Drawdown Tracker
The daily loss limit is the most common account killer. Track yours in real-time and get alerts before you breach. One bad revenge trade can end your evaluation in minutes.
Equity vs Balance: The Hidden Trap
Firms that calculate daily loss from equity (like FTMO) count floating/unrealized losses. A position that moves $3,000 against you -- even if you have not closed it -- brings you $3,000 closer to your daily limit. Firms that use balance-based calculation (like some FundedNext challenges) only count closed trades.
This distinction matters. On an equity-based firm, a losing position that briefly spikes against you can trigger the daily limit even if it recovers. You get terminated for a trade that would have been profitable.
Frequently Asked Questions
What is a daily drawdown or daily loss limit?
A daily loss limit is the maximum amount you can lose in a single trading day. On FTMO with a 5% daily loss limit on a $100K account, you cannot lose more than $5,000 in one day. If you hit this limit, your account is terminated immediately regardless of your overall performance.
How is the daily loss limit calculated?
It depends on the firm. Some calculate from your starting daily balance (only realized losses count). Others calculate from equity (unrealized/floating losses count too). FTMO uses equity-based calculation, meaning an open losing position can trigger the daily limit before you close it.
Which prop firms have no daily loss limit?
Apex Trader Funding, TradeDay, and Lux Trading Firm do not enforce a percentage-based daily loss limit. Your only constraint is the max drawdown. This gives more freedom on volatile days but also means one bad day can consume all your drawdown buffer.
How do I avoid hitting the daily loss limit?
Three rules: (1) Risk no more than 1% of your daily limit per trade, (2) Set a hard stop at 50% of the daily limit and walk away, (3) Never revenge trade after morning losses. Use the Vigil daily tracker for real-time alerts at 50%, 70%, and 90% of your limit.