Rule 3: Do Not Hit Daily Loss Limit

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Written by Support
Updated 1 day ago

Risk management is key to being a successful trader. A traders ability to not exceed a daily loss limit is one of our key risk management parameters. Here are the daily loss limits for each account size, added to the table from Rule #2

 Futures

Futures Account Size Maximum Position Size Profit Target Daily Loss Limit
$25,000 3 Contracts $1,500 $500
$50,000  6 Contracts $3,000 $1,100
$75,000 9 Contracts $4,500 $1,600
$100,000 12 Contracts $6,000 $2,200
$150,000 15 Contracts $9,000 $3,300

Stocks

Stock Account Size Maximum Position Size Profit Target Daily Loss Limit
$50,000 500 Shares $4,000 $300

Please note that you need to keep track of your commissions. There is a column in RTrader Pro that will give you the value of your total daily commissions in real time.

The commissions are $5 per round trip per contract for all products, Micros are $0.50 per round trip per contract.

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