Uprofit Trader has a daily loss limit with the amount based on the size of your account. This is fairly standard in the trader evaluation world. Your daily loss limit will always be smaller than your overall loss limit, and is meant to keep you alive and trading. That said, be sure to know your daily loss limit as its your responsibility to not lose more than it on any trading day.
Uprofit Trader is looking to build long term relationships with futures traders, and I highly recommend them.
The information below was current as of the time of writing this article. Please visit Uprofit Trader and review their help section to verify all the information below is still current before signing up.
Uprofit Trader Daily Loss Limits
The Uprofit Trader Daily Loss Limit (DLL) will allow you to develop and strengthen your discipline. By staying above your Daily Loss Limit with Uprofit Trader you will have additional buffer to trade the next day.
UProfit Trader has set the Daily Loss Limit according to each account size to ensure adequate risk management. Remember it is your responsibility to know these and keep your trading above the amounts.
- 9K Program = $350 DLL
- 25K Program = $500 DLL
- 50K Program = $1,100 DLL
- 75k Program = $1,600 DLL
- 100K Program = $2,200 DLL
- 200K Program = $4,000 DLL
Keep in mind these amounts are current as of publishing this article. Be sure to visit the Uprofit Trader help section to verify the current daily loss limits.
What happens if I reach the Daily Loss Limit?
If you reach the Daily Loss Limit during any open trades, the position will be automatically closed and your account will be closed as well. Remember this is open trades.
The Daily Loss Limit includes commissions and fees, so it is very important to track it directly in the RTrader platform.
If at any time you reach or exceed the established DLL, you can reset your account for a fee of $99. Keep in mind that applying a reset to your account will reset your balance and the rules, but it will not change the renewal date of your monthly subscription.
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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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