The Daily Loss Limit is a specified amount you, as the trader, can lose in a day, either on your total asset amount or on a single trade. This trading rule lets you take responsibility for your trades, teaching you to understand the risks and to trade in a strategic and disciplined way, while understanding and closely following the money management rules.
TickTick Trader’s daily loss limits are set according to the size of the trading account, ensuring realistic risk management for the individual trader. Your account will be carefully watched during each trading day to evaluate whether you have reached or surpassed your daily loss limit.
|Plan||Daily Loss Limit|
|TickTick Starter - 25K||$500|
|TickTick Advanced - 50K||$1,250|
|TickTick Pro - 100K||$2,500|
|TickTick Express - 100K||None|
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 do not allow your losses to exceed this limit.
If you exceed your daily loss limit, any open trade positions will be closed and your account will be automatically deactivated.