There is no daily loss limit on the X-Daily Spark evaluation. Once you are funded, a daily loss limit of $1,000 applies.
Daily loss limit by stage
Stage | Daily loss limit |
Evaluation | None |
Funded | $1,000 |
What happens if you hit it
Event | What happens |
Soft breach | Trading is paused for the rest of the trading day. |
Resume trading | You can trade again the next trading day, as long as you have not hit the max drawdown. |
How it is calculated
The daily loss limit resets every day, based on the previous day's closing balance.
Both realized and unrealized losses count.
A trading day runs from 6:00 PM ET to 4:10 PM ET.
The daily loss limit is separate from the max drawdown.
No daily loss limit add-on
When you pay the activation fee, you can remove the funded daily loss limit for +$30.
Important: the daily loss limit is a risk management tool, not a stop loss. It may execute late or early, or fill at a different price than expected. Place hard stop loss orders on your trades. Any loss beyond your allowed limit is the trader's responsibility.