What no daily loss limit means
No daily loss limit means an account is never paused or closed for one session's loss. The drawdown still applies all session: if your balance, open or closed, touches the floor, the account fails. Every GhostProp ready-made plan has a daily loss limit; Build your own lets you remove it.
Key takeaways
- No daily loss limit means a losing session never pauses or closes an account by itself.
- The drawdown still applies all session: if your balance, open or closed, touches the floor, the account fails.
- Your cushion, the gap between your balance and the floor, is the real room you have for a bad day.
- On a new 50K account with a $2,250 drawdown and no daily limit, one session that loses $2,250 takes the balance to the $47,750 floor.
- On GhostProp, every ready-made futures plan has a soft daily loss limit and every perps plan a hard one; Build your own can remove it.
Explained
What is a daily loss limit?
A daily loss limit caps how much an account can lose in a single trading day, and resets at the next one. Firms handle it differently: a soft limit closes your positions and ends trading for the rest of the day, while a hard limit treats reaching it as a rule break that ends the account. It sits on top of the overall drawdown.
Which GhostProp plans have one?
Three of the six plans have one, and three do not. It is measured from the balance at the start of the trading day, including open profit and loss (daily loss limit rule).
| Plan | Daily loss limit | At the limit | Max drawdown | Starting floor |
|---|---|---|---|---|
| Futures Shade | $750 | Ends the day, not the account | $1,500 end-of-day trailing | $48,500 |
| Futures Phantom | $1,000 | Ends the day, not the account | $2,000 end-of-day trailing | $48,000 |
| Futures Specter | $1,250 | Ends the day, not the account | $2,500 end-of-day trailing | $47,500 |
| Perps Shade (10K) | $200 (2%) | Ends the account | $300 (3%) end-of-day trailing | $9,700 |
| Perps Phantom (10K) | $300 (3%) | Ends the account | $400 (4%) static | $9,600 |
| Perps Specter (10K) | $400 (4%) | Ends the account | $500 (5%) static | $9,500 |
Does the drawdown still apply during the day?
Yes, the drawdown applies all session. The end-of-day trailing floor is recalculated at each close, but your balance, open trades included, must stay above it at every moment. On a new 50K account with a $2,250 drawdown and no daily limit, one session that loses $2,250 takes the balance to $47,750, touches the floor and ends the account. No daily limit stepped in first, because there isn't one; the drawdown is what stopped it.
How much can I lose in one day without a daily loss limit?
As much as your cushion: the distance between your balance and the floor. The cushion changes every session, so the room you have for a bad day changes too. Here is a sample 50K account with a $2,250 end-of-day trailing drawdown and no daily limit, over five sessions.
| Session | Day P&L | Closing balance | Threshold | Cushion (room before the threshold) |
|---|---|---|---|---|
| Start | None | $50,000 | $47,750 | $2,250 |
| Day 1 | +$1,350 | $51,350 | $49,100 | $2,250 |
| Day 2 | −$800 | $50,550 | $49,100 | $1,450 |
| Day 3 | +$1,700 | $52,250 | $50,000 | $2,250 |
| Day 4 | +$900 | $53,150 | $50,100 · locked | $3,050 |
| Day 5 | −$2,000 | $51,150 | $50,100 · locked | $1,050 |
Sample account: $2,250 end-of-day trailing drawdown that stops at $50,100, no daily loss limit. The cushion is the most the next session can lose, open or closed.
After day 2 the cushion is $1,450, so any session that loses more than that, open or closed, ends the account. By day 4 the floor has stopped trailing at $50,100 and the cushion has grown to $3,050. Day 5 loses $2,000 in one session. Nothing pauses the account, and it stays active with $1,050 of cushion.
Why is the drawdown enforced intraday if it trails end-of-day?
End-of-day describes when the floor moves, not when it is checked. The floor only rises at the close, so open profit you give back never raises it. Losses, open or closed, count against your balance the moment they happen. End-of-day vs intraday trailing drawdown walks through the difference with the same trades.
How can I manage risk without a daily loss limit?
Set a daily stop of your own. Without a firm-set cap, the drawdown is the only stop, so a single session can use the whole cushion. Because the cushion changes every session, a stop sized from today's cushion tracks your real room better than a fixed dollar amount. If you want the firm to stop the day for you, every ready-made futures plan's soft limit (half the drawdown) does that without ending the account. To test a bad day first, enter it as an intraday low in the drawdown calculator.
More explainers: end-of-day vs intraday trailing drawdown and how the consistency rule is calculated.
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Questions
Daily loss questions
Short answers to the questions traders ask most about this rule.
Does no daily loss limit mean there is no loss limit?
No. The drawdown still applies. If your balance, open or closed, touches the floor, the account fails, in one session or over several.
Can I lose the full drawdown in one day?
Yes, on an account with no daily loss limit. On a new 50K account with a $2,250 drawdown, one session that loses $2,250 reaches the $47,750 floor and ends the account.
Is a daily loss limit the same as a trailing drawdown?
No. A daily loss limit caps one trading day's loss and resets the next day. A trailing drawdown is an account-level floor that rises with your highest closing balance and never moves down.
Which GhostProp plans have a daily loss limit?
Every ready-made futures plan has a soft limit of half the drawdown that ends the day, not the account. Every perps plan has a hard limit (2%, 3% or 4%) that ends the account. Only Build your own can remove it.
Do losses on open positions count?
Yes. Both the daily loss limit and the drawdown include open profit and loss. If your balance touches the floor during the session, the account fails, even if the trade would have recovered.
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