Max Daily Loss
Self-imposed or broker-imposed cap. Hit it, stop trading for the day. Our cap: 3 trades max per day.
Our system caps at 3 trades per day regardless of win/loss - this is a CAP, not a target. Most days are 1 trade. Revenge trading after a rough morning is how small losses become account-destroying. Closing the platform is the single highest-EV action on a red day.
Related
Learn to actually use Max Daily Loss.
Definitions are the easy part. The free first five modules put this on a real chart and make you do the work. No card required.