Your Net P&L cannot hit or exceed the Daily Loss Limit at any point during the trading day (5:00 PM CT-3:10 PM CT). If at any time your Net P&L does exceed this amount for your account, any open trading positions may be flattened, any pending orders may be canceled, and your account may be prevented from placing any new trades until the start of the next trading day (5:00 PM CT). The account automatically becomes ineligible for a Funded Account® once the Daily Loss Limit is exceeded.
For example, in a $150K Trading Combine®, the Daily Loss Limit is $3,000. Therefore, if at any point during the trading day your Net P&L hits or exceeds -$3,000, the Daily Loss Limit is considered hit.
The Daily Loss Limit is factored based on each trading day’s Net P&L, which includes simulated commissions, fees, and both unrealized and realized trade P&L values.
We recommend that all NinjaTrader users utilize the R|Trader platform in order to accurately monitor their Net P&L.
This rule is updated at the end of each active trading day. You can keep track of the rule in relation to your account using your dashboard.
Your position may be flattened should you hit or exceed the Daily Loss Limit. We advise you to cover the position on your own. If this does not occur, you may be automatically flattened by the Risk Manager. If your Unrealized Net P&L hits or exceeds your Daily Loss Limit at any point during the Trading Combine®, your account is no longer eligible for a Funded Account®. You have the option to reset your account.