As with our Evaluation and TTTPerformance Accounts, the daily loss limit is a specified amount that you, as the trader, can lose in a day on your total asset amount or on a single trade.
This trading rule allows you to take responsibility for your trades by encouraging you to understand the risks, be disciplined, and trade strategically while strictly adhering to the money management rules.
TickTickTrader sets daily loss limits based on the size of the trading account to ensure realistic risk management for individual traders. Your account will be closely monitored each trading day to determine whether you have reached or exceeded your daily loss limit.
|
Plan |
Daily Loss Limit |
|
10k Direct Swing |
$350 |
|
25K Direct |
$500 |
|
50K Direct |
$1,250 |
All fees and commissions on your profile are taken into account when calculating your daily losses. So, it is essential that you keep track of your assets on the trading platform and prevent your losses from exceeding the set limit.
If you exceed your daily loss limit, open trade positions will be closed, and your account will be automatically suspended.
Account Suspension
Your Legacy TTTDirect Account will be suspended for the rest of the trading day after breaching its daily loss limit.
When the market opens again, your account will automatically reactivate, and your loss balance will return to zero. This will not affect your account balance, which will retain the losses incurred from the previous trading day.
However, the account will not reactivate if your balance falls below its Drawdown Limit, as mentioned in this article: Drawdown Calculation.
Learn more about our Evaluation and TTTPerformance Account Daily Loss rules by clicking this link: Daily Loss Limit.
Please note: The information above specifically pertains to Legacy TTTDirect Accounts, which can no longer be bought as of November 11, 2024 .To find the latest information on our new TTTDirect accounts, including their daily loss limits and other trading rules, please see our New TTTDirect Plans.