// daily loss limit
The daily loss limit is the rule prop firms lean on hardest, because most accounts die in a single bad session, not a slow bleed. On your own account you have to set it yourself.
See your distance to your daily limit Set your own daily stop · free Open the calculatorA daily loss limit is the most you’ll let yourself lose in one day, measured from your balance at the day’s start, after which you stop, full stop. Prop firms enforce one (FTMO uses 5% on the 2-Step, 3% on the 1-Step). Trading your own capital, the limit only exists if you set it and keep it.
There’s no universal correct number: it depends on your account, strategy and tolerance, and nothing here is financial advice. A common starting frame is a small single-digit percentage of the account, set so that one bad day can’t undo a week. Whatever you choose, the rule only works if you fix it on a calm day and refuse to move it while you’re losing, which is the exact moment you’ll want to.
EXIT CODE’s own-capital mode takes your limit and shows, live, how much of it is left today and how many trades that is at your risk size.
What is a good daily loss limit?
There's no single right answer: it depends on your account size, strategy and risk tolerance, and this is education rather than advice. Many traders use a small single-digit percentage of the account; the discipline that matters is setting it on a calm day and not moving it mid-session.
How is a daily loss limit measured?
Typically from your account balance (or equity) at the start of the trading day, including open/floating losses, the same way prop firms measure it.
Can I track my own daily loss limit?
Yes. EXIT CODE's own-capital mode lets you set your daily limit and shows your live distance to it, in dollars and trades.