Two details decide whether this rule is survivable. First, whether floating loss on open positions counts toward it — with most firms it does, so a position held through a spike can breach the limit without you closing anything. Second, when the day resets, and in which timezone: a firm on CET resets at a different hour than your broker platform shows.
Daily loss limit
Risk rules
The maximum you may lose in a single trading day before the account is closed or suspended. Typically 3% to 5% of the account size.
How firms apply it
What it means for your trading
Traders lose accounts to the reset hour more often than to bad entries. Find the exact reset time, in your own timezone, before you place the first trade, and size positions so that the worst plausible gap still leaves you inside the limit.
Work this out for your account
Lot size for a target risk against firm limits.
Related terms