TickTick Trader has rules around daily loss limit on your account (how much you are allowed to lose in 1 day without violating a rule). This is separate from a trailing draw down, so be sure to learn more below about TickTick Trader’s Daily Loss Limit.
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The information below was current as of the time of writing this article. Please visit TickTick Trader and review their help section to verify all the information below is still current before signing up.
TickTick Trader Daily Loss Limit
The Daily Loss Limit at TickTick Trader is a specified amount that you, as the trader, are able to lose in a day, either on your total asset amount or on a single trade. This is a rule that puts the responsibility for your trades into your own hands. To be successful in trading, you need to understand the risks and to trade in a strategic and disciplined way, understanding and closely following the money management rules.
TickTick Trader’s daily loss limits are set according to the size of the trading account, ensuring realistic risk management for the individual trader. Your account will be carefully watched during the course of each trading day to evaluate whether you have reached or surpassed your daily loss limit.
If this does occur, any open trade positions may be closed immediately, and your account will be deactivated automatically, after which a reset fee will have to be paid if you want to continue to trade your account. Note that resetting your account is a full reset, including the balance and days traded. All fees and commissions on your profile are taken into account when calculating your daily losses, so it is essential that you keep track of your assets from the trading platform, and do not allow your losses to exceed this limit.
Best advice is to know your daily loss limit and be very aware of what balance this means in your account before it’s violated. And of course don’t come close to this during the day.
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Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
You can read more here: Risk Disclosure
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