Your firm's daily loss limit is where the account ends. Your own stop should sit well inside it, so a bad morning costs you a day, not the account. Enter your numbers — nothing you type leaves this page.
Firms measure the daily limit differently, and the difference decides whether you are inside it. Read your firm's rules for these three, in writing:
If your firm counts open losses, an open trade can breach the limit before you close it — another reason your own stop belongs well inside the line.
The number above is the easy part. Keeping it is the hard part, especially right after a loss — read how to stop revenge trading. Discipline Desk holds you to the rules you write: it journals every decision and scores your setup before you take it. Start with the free Nine-Point Checklist.
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