Your Net P&L cannot hit or exceed this amount during any trading day (5:00 PM CT-3:10 PM CT). Should you hit or exceed this value, the Trading Combine account will not be eligible to move onto the next step, Funded Trader Preparation. The Daily Loss Limit is factored based on each trading day’s Net P&L, which includes simulated commissions, fees, and both unrealized and realized trade P&L values.
For example, in a $150K Trading Combine, the Daily Loss Limit is $3,000. Therefore, if at any point during the trading day your Net P&L hits or exceeds -$3,000, the Daily Loss Limit is considered hit.
If at any time your Net P&L exceeds the Daily Loss Limit for your account, any open trading positions will be flattened, any pending orders will be canceled, and your account will be prevented from placing any new trades until the start of the next trading day (5 PM CT). The account automatically becomes ineligible for funding once the Daily Loss Limit is exceeded.
We recommend that all NinjaTrader users utilize the R|Trader platform in order to accurately monitor their Net P&L.